Colfax (CFX) Misses Q1 EPS by 1c

Colfax (NYSE: CFX) reported Q1 EPS of $0.43, $0.01 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.04 billion.

Stteve Simms, President and Chief Executive Officer, stated, “We are pleased to report record first quarter adjusted earnings per share of $0.43 as compared to $0.26 last year. Our fabrication technology group realized significantly improved margins over the 2013 quarter despite a sluggish end-market environment. Our gas- and fluid-handling sector continued to deliver strong organic sales growth, though margins were below expectations. Acquisitions made in 2013 performed in line with expectations, driving strong order growth in the quarter. We were also pleased to complete the acquisition of Victor Technologies Holdings, Inc. early in the second quarter. Based on the expected contribution from Victor, we have increased our sales and earnings guidance.”

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

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