Colfax Corp. (CFX) Tops Q3 EPS by 3c, Offers Q4 Guidance

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Go back to Colfax Corp. (CFX) Tops Q3 EPS by 3c, Offers Q4 Guidance

Colfax Reports Third Quarter 2020 Results

October 29, 2020 6:00 AM EDT

Reported $0.12 EPS from continuing operations and achieved $0.41 of adjusted EPSImproved sales momentum with Medical Technology segment achieving 2% reported growth, and 1% organic growthFabrication Technology segment 21% decremental margin contributed to solid Company profit and cash flow performanceSigned definitive agreement to acquire extremity product lines with annual revenue of $20 million

ANNAPOLIS JUNCTION, MD, Oct. 29, 2020 (GLOBE NEWSWIRE) --  Colfax Corporation (NYSE: CFX), a leading diversified technology company, today announced its financial results for the third quarter of 2020.

The Company reported net income from continuing... More