Key Developments: Colfax Corp (CFX)

CFX on New York Consolidated

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28 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Colfax Corporation gives FY 2014 revenue guidance above analysts' estimates - Conference Call
Monday, 19 May 2014 01:15pm EDT 

Colfax Corporation:Expects total revenues at the end of FY 2014 to be just over $5 billion in total sales.FY 2014 revenue of $4.9 billion - Thomson Reuters I/B/E/S.  Full Article

Colfax Corporation completes acquisition of Victor Technologies Holdings Inc from Irving Place Capital
Monday, 14 Apr 2014 04:45pm EDT 

Colfax Corporation:Completes acquisition of Victor Technologies Holdings Inc from Irving Place Capital for total consideration of $947.3 mln.Colfax funded acquisition primarily through cash generated by equity offering in February of this year and remaining portion through borrowings under existing credit facility.  Full Article

Irving Place Capital agrees to sale of Victor Technologies to Colfax Corp for $947 mln in cash
Wednesday, 12 Feb 2014 04:30pm EST 

Private equity firm Irving Place Capital (IPC) and Victor Technologies (Victor):Says that they have entered into a definitive agreement to sell Victor to Colfax Corp (Colfax), a global manufacturer of gas- and fluid-handling and fabrication technology products.All cash transaction values Victor at about $947 million, including the assumption of debt, and is subject to customary closing conditions.Victor is a designer and manufacturer of a comprehensive suite of metal cutting, gas control, and specialty welding products.  Full Article

Colfax Corp Issues Q4 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Thursday, 24 Oct 2013 08:00am EDT 

Colfax Corp announced that for the fourth quarter of 2013, it expects adjusted EPS guidance range of $0.56 to $0.60 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.65 for the fourth quarter of 2013.  Full Article

Colfax Corp Announces Acquisition Of CKD Kompresory
Tuesday, 1 Oct 2013 08:00am EDT 

Colfax Corp announced that it has entered into a binding agreement to acquire CKD Kompresory a.s., based in Prague, Czech Republic, from CKD Group. The transaction values CKD Kompresory at approximately $57 million, including the assumption of debt, and is expected to close in the fourth quarter following the fulfillment of certain conditions. Upon closing, the business will join the Howden operations and be renamed Howden CKD Compressors s.r.o.  Full Article

Colfax Corp Raises FY 2013 EPS Guidance-Conference Call
Thursday, 25 Jul 2013 08:00am EDT 

Colfax Corp announced that for fiscal 2013, it expects adjusted EPS of $1.95 to $2.10. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.97 for fiscal 2013.  Full Article

Colfax Corp Announces Pricing of Common Stock Offering
Tuesday, 7 May 2013 06:16pm EDT 

Colfax Corp announced that Colfax and BDT Capital Partners, LLC and certain of its affiliated entities (BDT Capital) priced an aggregate of 10,000,000 shares of common stock in a registered underwritten public offering at a price per share of $44.25. Colfax sold 7,000,000 shares in the offering and BDT Capital sold 3,000,000 shares. The underwriters have a 30-day option to purchase up to an additional 500,000 shares from Colfax and up to an additional 1,000,000 shares from BDT Capital. Settlement of the offering is expected to occur on May 13. Colfax expects to use the proceeds from the sale of the common stock for general corporate purposes, which may include acquisitions, repayment of debt, additions to working capital and capital expenditures. The Company will not receive any proceeds from the sale of shares of common stock by BDT Capital. Deutsche Bank Securities is acting as sole book-running manager for the offering. BofA Merrill Lynch and Citigroup are acting as co-lead managers for the offering.  Full Article

Colfax Corp Announces Public Offering Of Common Stock
Monday, 6 May 2013 04:02pm EDT 

Colfax Corp announced that Colfax and BDT Capital Partners, LLC and certain of its affiliated entities ("BDT Capital") are offering an aggregate of 10,000,000 shares of common stock in a public offering. Colfax is selling 7,000,000 shares in the offering and BDT Capital is selling 3,000,000 shares. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 500,000 shares from Colfax and up to an additional 1,000,000 shares from BDT Capital. Colfax expects to use the proceeds from the sale of the common stock for general corporate purposes, which may include acquisitions, repayment of debt, additions to working capital and capital expenditures. The Company will not receive any proceeds from the sale of shares of common stock by the selling stockholders. Deutsche Bank Securities is acting as sole book-running manager for the offering.  Full Article

Colfax Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 6 Feb 2013 08:00am EST 

Colfax Corp announced that organic growth is expected to be 1% to 3% for fiscal 2013, with revenue expected to range between $4.175 billion and $4.25 billion. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.25 billion for fiscal 2013.  Full Article

Colfax Corp Lowers FY 2012 Guidance; Issues Q4 2012 EPS Guidance Below Analysts' Estimates-Conference Call
Thursday, 25 Oct 2012 08:00am EDT 

Colfax Corp announced that top-line softness will reduce its fiscal 2012 expected revenues to a range of $3.9 billion to $3.95 billion. The Company also announced that the end result of the lost profits associated with lower volume and the charges related to the recent acquisitions is the revised adjusted earnings per share guidance of $0.37 to $0.41 per share for the fourth quarter of 2012 and $1.29 to $1.33 per share (EPS) for fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.97 billion and EPS of $1.39 for fiscal 2012; and EPS of $0.48 for the fourth quarter of 2012.  Full Article

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