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Colfax Corp (CFX.N)

CFX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Colfax To Sell Air And Gas Handling Business For Enterprise Value Of $1.8 Bln
Thursday, 16 May 2019 

May 16 (Reuters) - Colfax Corp::COLFAX ANNOUNCES AGREEMENT TO SELL ITS AIR AND GAS HANDLING BUSINESS TO KPS CAPITAL PARTNERS FOR ENTERPRISE VALUE OF $1.8 BILLION.PROPOSED DEAL FOR FOR ENTERPRISE VALUE OF $1.80 BILLION.COLFAX CORP - DEAL FOR ENTERPRISE VALUE OF $1.80 BILLION.AIR & GAS HANDLING UNIT HAD ABOUT $90 MILLION OF SEGMENT OPERATING PROFIT AND $200 MILLION OF ADJUSTED EBITDA IN TWELVE MONTHS ENDED MARCH 29, 2019.TO SELL AIR AND GAS HANDLING BUSINESS FOR ENTERPRISE VALUE OF $1.80 BILLION, INCLUDING $1.66 BILLION IN CASH CONSIDERATION.EXPECTS TO REPORT AIR & GAS HANDLING BUSINESS AS A DISCONTINUED OPERATION IN ITS FUTURE RESULTS.  Full Article

Colfax Announces Pricing Of 6.000 Pct Senior Notes Due 2024 And 6.375 Pct Senior Notes Due 2026
Friday, 1 Feb 2019 

Jan 31 (Reuters) - Colfax Corp ::COLFAX ANNOUNCES PRICING OF 6.000% SENIOR NOTES DUE 2024 AND 6.375% SENIOR NOTES DUE 2026.COLFAX CORP - PRICING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.000% SENIOR NOTES DUE 2024 ISSUED BY CFX ESCROW CORPORATION.COLFAX CORP - PRICING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.375% SENIOR NOTES DUE 2026 ISSUED BY CFX ESCROW CORPORATION.  Full Article

Colfax Corp Expecting To Grow 2018 Adjusted EPS Over 25 Pct
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Colfax Corp ::EXPECTING TO GROW 2018 ADJUSTED EPS OVER 25%; AFFIRMING FY 2018 GUIDANCE OF $2.20 TO $2.30 - PRESENTATION.FY2018 EARNINGS PER SHARE VIEW $2.25 -- REFINITIV IBES DATA.  Full Article

Colfax To Acquire Djo Global For $3.15 Billion In Cash
Monday, 19 Nov 2018 

Colfax Corp ::COLFAX TO ACQUIRE DJO GLOBAL FOR $3.15 BILLION IN CASH.COLFAX CORP - TRANSACTION EXPECTED TO DELIVER ADJUSTED EPS ACCRETION IN FIRST FULL YEAR AFTER CLOSING.COLFAX CORP - EXPECTS TO DE-LEVER, EVALUATE STRATEGIC OPTIONS FOR AIR AND GAS HANDLING BUSINESS.COLFAX CORP - EXPECTS TO REALIZE FUTURE TAX BENEFITS FROM DJO'S APPROXIMATELY $800 MILLION OF NET OPERATING LOSS CARRYFORWARDS.COLFAX CORP - EXPECTS TO FINANCE TRANSACTION WITH APPROXIMATELY $100 MILLION OF CASH FROM ITS BALANCE SHEET, PROCEEDS FROM CREDIT FACILITIES.COLFAX CORP - UPON CLOSING OF DEAL, DJO GLOBAL WILL OPERATE AS NEW SEGMENT WITHIN COLFAX AND BE LED BY SHIRLEY.COLFAX - EXPECTS TO FINANCE DEAL ALSO WITH CONTEMPLATED DEBT OFFERING, $500 - $700 MILLION FROM CONTEMPLATED OFFERING OF EQUITY/EQUITY-LINKED SECURITIES.COLFAX - SEES TO MAINTAIN EXISTING DEBT RATINGS,TO PRIORITIZE DELEVERAGING TO REDUCE NET LEVERAGE RATIO TO MID-3X RANGE BY END OF CALENDAR 2019.COLFAX CORP - DOES NOT INTEND TO UNDERTAKE ANY MATERIAL ACQUISITIONS OR SHARE REPURCHASES UNTIL ITS LEVERAGE METRICS RETURN TO TARGETED LEVELS.COLFAX CORP - EVALUATING STRATEGIC OPTIONS FOR ITS AIR AND GAS HANDLING BUSINESS.COLFAX CORP - ENTERED AGREEMENT TO BUY DJO GLOBAL INC FROM PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE FOR $3.15 BILLION IN CASH.  Full Article

Colfax Corp Files For Potential Mixed Shelf Offering‍​
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Colfax Corp ::COLFAX CORP FILES FOR A POTENTIAL MIXED SHELF OFFERING; SIZE UNDISCLOSED - SEC FILING ‍​.  Full Article

Colfax Sees FY 2018 Adjusted Earnings Per Share $2.00 To $2.15
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Colfax Corp ::COLFAX REPORTS FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.45.Q4 LOSS PER SHARE $1.53 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $0.10.Q4 SALES ROSE 7.6 PERCENT TO $874 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.00 TO $2.15.Q4 EARNINGS PER SHARE VIEW $0.44, REVENUE VIEW $892.3 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.14 -- THOMSON REUTERS I/B/E/S.SEES 2018 ‍PROJECTED NET INCOME PER SHARE CONTINUING OPERATIONS (GAAP) OF $1.36 TO $1.51 ​.SAYS RESTRUCTURING ACTIONS SHOULD DELIVER AT LEAST $25 MILLION OF SAVINGS IN 2018.  Full Article

Colfax Corp Says Sees 2018 Adjusted EPS $2.00- $2.15
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Colfax Corp ::SAYS SEES 2018 ADJUSTED EPS $2.00- $2.15 - SEC FILING.SAYS SEES 2018 ADJUSTED EPS FROM CONTINUING OPERATIONS $1.65- $1.80.FY2018 EARNINGS PER SHARE VIEW $1.78 -- THOMSON REUTERS I/B/E/S.  Full Article

Colfax reports Q3 earnings $0.37/shr
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Colfax Corp :Colfax reports third quarter 2017 results.Q3 adjusted earnings per share $0.42.Q3 earnings per share $0.37.Q3 sales $844.5 million versus I/B/E/S view $901.1 million.Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Colfax Corp - ‍reaffirmed 2017 performance outlook​.FY2017 earnings per share view $1.72 -- Thomson Reuters I/B/E/S.  Full Article

Colfax says if deal terminated under certain circumstances, ‍Circor will be required to pay a reverse termination fee of $50 mln
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Colfax Corp ::Colfax Corp - if deal terminated under certain circumstances, ‍Circor will be required to pay co a reverse termination fee of $50 million​.  Full Article

Circor to acquire Colfax’S fluid handling business from Colfax Corp for $855 million in cash and stock
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Circor International Inc :Circor to acquire Colfax’S fluid handling business from Colfax corporation for $855 million in cash and stock.Circor International Inc - ‍deal expected to be accretive to earnings and margins within first year​.Circor International - combination results in estimated pro forma combined revenues of about $1.1 billion based on trailing 12 month results as of June 2017.Circor International Inc - ‍Circor also reaffirmed its Q3 2017 net revenue and adjusted EPS guidance originally announced on July 28, 2017​.Circor International Inc- upon closing of transaction, Colfax will own approximately 16% of Circor.Q3 earnings per share view $0.43, revenue view $155.5 million -- Thomson Reuters I/B/E/S.Circor International Inc - ‍transaction is expected to generate a return on invested capital that exceeds Circor's cost of capital by year four​.Circor International Inc- Colfax has agreed to certain restrictions on transfer of shares, including a six month lock-up.Circor International- after close of deal , CFH portfolio of brands to remain in place & majority of business to operate as separate segment within co.Circor International Inc - Circor expects to realize cost synergies of $23 million by fourth year following transaction close.Circor International Inc - company expects to incur approximately $10 million in one-time costs to achieve synergies.  Full Article

Colfax to sell air and gas unit in $1.8 billion deal to pay down debt

Welding and valves manufacturer Colfax Corp said on Thursday it had agreed to sell its air and gas handling unit to private equity firm KPS Capital Partners in a deal valued at $1.8 billion.