UPDATE: Colfax Corp. (CFX) Tops Q4 EPS by 1c, FY EPS Guidance Light of Views at Mid-Point

Colfax Corp. (NYSE: CFX) reported Q4 EPS of $0.45, $0.01 better than the analyst estimate of $0.44. Revenue for the quarter came in at $874.1 million versus the consensus estimate of $892.3 million.

“Colfax is well-positioned for another year of earnings growth, and we expect $2.00 to $2.15 of adjusted earnings per share in 2018,” said Mr. Trerotola. “We expect overall organic growth supported by our faster-growing Fabrication Technology business and improving Air & Gas Handling market conditions later in the year. Restructuring actions should deliver at least $25 million of savings in 2018. Recently-completed acquisitions further strengthen our businesses and will contribute additional profit. The sale of the Fluid Handling business and strong cash flow generation in the fourth quarter increased our financial capacity, and we already closed another complementary acquisition in January. We will continue to strengthen our operating capabilities in 2018 and execute our strategic growth program.”

(Street sees FY EPS of $2.14)

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

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