Dec. 16, 2014, 5:42 PM
- Colfax (NYSE:CFX) -1.7% AH after providing below consensus guidance for FY 2015, seeing EPS of $2.20-$2.40 vs. $2.58 analyst consensus estimate and revenues of $4.525B-$4.675B vs. $4.8B consensus.
- CFX foresees 2015 forex revenue headwinds of $180M-$190M, resulting in a $17M-$18M impact on operating profit.
- Expects continued improvement in a low growth environment, and believes its growth investments and acquisition pipeline position the company for expansion.
Oct. 24, 2014, 11:39 AM
Jul. 8, 2013, 1:07 PMColfax (CFX -4%) slips on a Deutsche Bank downgrade from Buy to Hold on valuation as it approaches the firm's $54 price target. Deutsche says that it still sees more upside potential for the shares, but cautions that it carries the most exposure to higher growth/emerging markets within its coverage universe, and a lack of improvement in emerging markets could, at minimum, delay prospective volume recovery in the company's short cycle welding business and limit earnings upside in the near term. | Comment!
May. 7, 2013, 2:27 PMShares of Colfax (CFX -2.4%) slip today after the company said late Monday that it and BDT Capital Partners plan to sell a total of about 10M shares between them. CFX will offer 7M shares to raise money for general purposes that may include acquisitions, or paying down debt, while BDT will offer 3M. The underwriters will also have a 30-day option to purchase up to an additional 500K shares from Colfax and up to an additional 1M shares from BDT Capital. Deutsche Bank is the sole book-runner. | Comment!
Feb. 7, 2012, 11:52 AMColfax Corp. (CFX -2%) dips after its Q4 misses expectations on both EPS and revenue on greater-than-anticipated acquisition charges and a slowdown in earnings growth. The company has been on a buying binge recently, purchasing the welding-equipment maker Charter International PLC for $2.4B last month, and privately held Cot-Puritech for $34M in December. | Comment!
Feb. 7, 2012, 9:00 AM
Nov. 15, 2011, 10:39 AMColfax (CFX +4.2%) trades higher after UBS upgrades its rating to Buy from Neutral. Shares now trade just a hair under their 52-week high after running up 33% over the last month as the company continues to meet with lenders to line up financing for its acquisition of Charter International (CHITF.PK). | Comment!
Oct. 27, 2011, 9:00 AMPremarket gainers: FRO +16%. MF +15%. DB +15%. RBS +13%. CFX +13%. CTXS +13%. ING +12%. BCS +12%. SNV +11%. NBG +10%. KYG 99 BBVA +9%. JASO +8%. CMED +8%. UBS +8%. PHM +8%. BAC +8%. MT +8%. MS +7%. RIO +7%. MTW +7%. COG +7%. C +7%. STD +7%. ANR +7%. HOV +6%. RF +6%. FCX +6%. NOK +6%. IRE +6%. FSLR +6%. PHG +6%. JPM +6%. DRYS +6%. HBC +6%. PNC +6%. MPEL +6%. BHP +6%. VLO +6%.
Losers: MDR -21%. TQNT -17%. AVP -13%. VNET -9%. AGNC -4%. APIL -4%. | Comment!
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Colfax Corp is a manufacturing and engineering company. The Company provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world.
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