Colfax Reports Third Quarter 2018 Results

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Go back to Colfax Reports Third Quarter 2018 Results

Colfax Corp. (CFX) Tops Q3 EPS by 1c, Revenues Miss; Lifts FY18 EPS Mid-Point Outlook

October 25, 2018 6:27 AM EDT

Colfax Corp. (NYSE: CFX) reported Q3 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $875.37 million versus the consensus estimate of $891.11 million.

Reported net income from continuing operations per diluted share of $0.29 versus $0.35 in the prior year quarter, and achieved adjusted net income per share of $0.54 versus $0.46Posted 10% organic growth in Fabrication Technology businessSequentially strengthened adjusted operating margins by 250 bps in Air & Gas Handling business Recently completed three complementary acquisitions

Third quarter financial performance was in-line with our expectations, said Matt Trerotola, Colfax... More