Key Developments: Colfax Corp (CFX)
49.16USD
24 May 2013
$0.17 (+0.35%)
$48.99
$48.75
$49.28
$47.64
734,891
800,687
$50.21
$24.43
Latest Key Developments (Source: Significant Developments)
Colfax Corp Announces Pricing of Common Stock Offering
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
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
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
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
Colfax Corp Lowers FY 2012 EPS Guidance-Conference Call
Colfax Corp announced that it is expecting adjusted EPS for fiscal 2012 to fall in a range between $1.35 and $1.45 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.52 for fiscal 2012. Full Article
Colfax Corporation Announces Acquisition Of Soldex SA
Colfax Corporation announced the acquisition of the 91% interest in Soldex S.A. held by Inversiones Breca S.A. and its affiliates. The transaction values Soldex S.A. at $235 million, including the assumption of debt. Full Article
Colfax Corp Reaffirms FY 2012 EPS Guidance-Conference Call
Colfax Corp announced that its adjusted EPS expectation of $1.45 to $1.65 for fiscal 2012 remains unchanged. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.54 for fiscal 2012. Full Article
Colfax Corporation Announces Pricing Of Common Stock Offering
Colfax Corporation announced the pricing of a registered underwritten public offering of shares of its common stock at a price to the public of $34.00 and that it has increased the size of the offering to 8,000,000 shares from the previously announced 7,000,000 shares. The underwriters have a 30-day option to purchase up to an additional 1,000,000 shares from Colfax. Settlement of the offering is expected to occur on March 5th. Colfax expects to use the proceeds from the sale of the common stock for general corporate purposes. Deutsche Bank Securities and BofA Merrill Lynch are acting as bookrunners for the offering. KeyBanc Capital Markets is the co-lead manager of the offering. Full Article
Colfax Corporation Announces Public Offering Of Common Stock
Colfax Corporation announced that it is offering 7,000,000 shares of its common stock in a public offering. The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 1,000,000 shares from Colfax. Colfax expects to use the proceeds from the sale of the common stock for general corporate purposes. Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering. KeyBanc is the co-lead manager of the offering. Full Article
Colfax Corporation Issues FY 2012 Guidance-Conference Call
Colfax Corporation announced that for fiscal 2012, it expects total revenue to range from $4 billion to $4.1 billion, adjusted earnings per share (EPS) to range from $1.45 to $1.65 per share. The earnings per share number is significantly impacted by the newly issued preferred stock. In addition, because the preferred stock is participating preferred stock, US GAAP requires the Company to allocate earnings after the 6% cash coupon between the common and preferred shareholders on a pro rata basis. This will further reduce in 2012 earnings available to common shareholders by $20 million to $20.8 million at the top and bottom of guidance level. Full Article
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