Colfax (CFX) Likely to Be Pressured Near-Term - KeyBanc

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Colfax Names Matthew Trerotola Chief Executive Officer

July 23, 2015 6:08 AM EDT

Annapolis Junction, July 23, 2015 (GLOBE NEWSWIRE) -- Colfax Corporation (NYSE: CFX), a leading global manufacturer of gas and fluid-handling and fabrication technology products and services, today announced that Matthew L. Trerotola, formerly an Executive Vice President at DuPont, has been named Chief Executive Officer and a Director of Colfax, effective July 24, 2015.  He succeeds Steven E. Simms, who will assist in the transition and will continue to serve on the Colfax Board.  Mr. Simms notified the Board early this year that he planned to retire, and the Board subsequently undertook a search for a replacement.

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Colfax Reports Second Quarter 2015 Results

July 23, 2015 6:04 AM EDT

Annapolis Junction, July 23, 2015 (GLOBE NEWSWIRE) --

         Second quarter net income per dilutive share of $0.42, adjusted net income per share of  $0.50

         Second quarter net sales decreased 14.5% (a decrease of 4.5% organically) to $1,025.4 million

         Gas- and fluid-handling finished the period with backlog of $1.364 billion

Colfax Corporation (NYSE: CFX), a leading global manufacturer of gas- and fluid-handling and fabrication technology products and services, today announced its financial results for the second quarter ended June 26, 2015.  

For the second quarter of 2015, net income was $53.1 million, or $0.42 per dilutive share.  Adjusted net income (as defined... More