Colfax Corp. (CFX) Tops Q4 EPS by 8c

Colfax Corp. (NYSE: CFX) reported Q4 EPS of $0.51, $0.08 better than the analyst estimate of $0.43. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.02 billion.

Matthew Trerotola, President and Chief Executive Officer, stated, “We are pleased to deliver fourth quarter sales and operating profit in line with our expectations. While the demand environment remains weak in both business segments, we are on track to deliver the $100 million in cost reductions from our 2014 cost base by the end of 2016. Execution of cash conversion management was outstanding in the quarter as we closed out 2015 with a strong balance sheet and $131 million less debt than we began the quarter. We are confident we will continue to deliver on the performance goals we outlined at our recent Investor Day."

For earnings history and earnings-related data on Colfax Corp. (CFX) click here.

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