Colfax Corp. (CFX) Tops Q4 EPS by 2c

Colfax Corp. (NYSE: CFX) reported Q4 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.

Colfax reported that it expects strong sales and profit growth in 2022 for both of its businesses with typical seasonal patterns and improving business conditions as the year progresses. Enovis is projecting sales to grow 10-14% in 2022, including 6-9% from organic growth, and to generate segment-level adjusted EBITDA of $280-$300 million. ESAB is expecting 7-10% organic sales growth in 2022 with segment-level adjusted EBITDA of $455-$475 million. Segment-level adjusted EBITDA excludes future corporate costs.

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

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