Colfax Reports Second Quarter 2018 Results
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Colfax Corp. (CFX) Tops Q2 EPS by 9c, Revenues Miss; Boosts FY18 EPS Outlook Above Consensus
August 6, 2018 6:31 AM EDTColfax Corp. (NYSE: CFX) reported Q2 EPS of $0.61, $0.09 better than the analyst estimate of $0.52. Revenue for the quarter came in at $925 million versus the consensus estimate of $940.49 million.
Second quarter operating performance was in-line with our expectations, and we drove tax actions that allowed us to outperform, said Matt Trerotola, Colfax President and CEO. Recent acquisitions are performing as expected, the Fabrication Technology business posted significant global growth, and Air & Gas Handling operating margins expanded... More
