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Last $45.54 USD
Change Today +0.24 / 0.53%
Volume 1.1M
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

colfax corp (CFX) Snapshot

Open
$45.51
Previous Close
$45.30
Day High
$45.87
Day Low
$45.18
52 Week High
07/7/14 - $75.16
52 Week Low
01/29/15 - $42.86
Market Cap
5.6B
Average Volume 10 Days
1.1M
EPS TTM
$3.51
Shares Outstanding
123.8M
EX-Date
--
P/E TM
13.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for COLFAX CORP (CFX)

colfax corp (CFX) Related Businessweek News

No Related Businessweek News Found

colfax corp (CFX) Details

Colfax Corporation, an industrial manufacturing and engineering company, provides gas-and fluid-handling, and fabrication technology products and services to commercial and governmental customers worldwide. The company operates in two segments, Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment designs, manufactures, installs, maintains, and supplies heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls, and specialty valves. This segment also provides repair and retrofit services for products manufactured by other valve suppliers; and lubrication system equipment and services, including LubriMist oil mist generators, Mistlock bearing lubrication cartridges, and ThermoJet oil purifiers, as well as various services, such as high velocity oil flushing, leakage oil reclamation, and condition monitoring services. It markets its products primarily under the Howden and Colfax Fluid Handling brand names, as well as Allweiler, Imo, and Total Lubrication Management brand names. The Fabrication Technology segment formulates, develops, manufactures, and supplies consumable products and equipment for use in the cutting and joining of steels, aluminum, and other metals and metal alloys. This segment provides welding consumables comprise electrodes, cored and solid wires, and fluxes under the ESAB brand name; and cutting equipment and consumables, and gas control and specialty welding products under the Victor brand name. The company sells its products through direct sales and third-party distribution channels to the oil and gas, power generation, wind power, shipbuilding, pipelines, mobile and off-highway equipment, mining, petrochemical, marine, defense, general industrial, and other markets. Colfax Corporation was founded in 1860 and is headquartered in Annapolis Junction, Maryland.

18,351 Employees
Last Reported Date: 02/17/15
Founded in 1860

colfax corp (CFX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $408.8K
Executive Vice President, Director and Chief ...
Total Annual Compensation: $650.0K
Chief Executive Officer of Howden
Total Annual Compensation: $436.4K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $324.0K
Compensation as of Fiscal Year 2014.

colfax corp (CFX) Key Developments

Colfax Corporation Enters into Credit Agreement

On June 5, 2015, Colfax Corporation entered into a credit agreement by and among the company, as the borrower, certain U.S. subsidiaries of the company identified therein, as guarantors, each of the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent, swing line lender and global coordinator. The initial credit extensions under the credit agreement are subject to certain conditions precedent, and the proceeds of the loans will be used by the company to repay in full its existing senior secured credit facility, as well as for working capital and general corporate purposes. The credit agreement consists of a term loan in an aggregate amount of $750.0 million and a revolving credit facility which totals $1.0 billion in commitments, each of which matures in five years. The revolver contains a $50.0 million swing line loan sub-facility. The term loan and the revolver will bear interest, at the election of the company, at either the base rate or the Eurocurrency rate, in each case, plus the applicable interest rate margin. The term loan and the revolver will initially bear interest either at the Eurocurrency rate plus 1.50% or at the base rate plus 0.50%, and in future quarters will bear interest either at the Eurocurrency rate or the base rate plus the applicable interest rate margin based upon either, whichever results in the lower applicable interest rate margin (subject to certain exceptions), the company's total leverage ratio and the corporate family rating of the company as determined by Standard & Poor's and Moody's (ranging from 1.25% to 2.00%, in the case of the Eurocurrency margin, and 0.25% to 1.00%, in the case of the base rate margin). Each swing line loan denominated in dollars will bear interest at the base rate plus the applicable interest rate margin and each swing line loan denominated in any other currency available under the credit facility will bear interest at the Eurocurrency rate plus the applicable interest rate margin.

Colfax Mulls Acquisitions

Colfax Corporation (NYSE:CFX) intends to make acquisitions. Steven Simms, President and Chief Executive Officer of the company said: “We believe we have outstanding exposure to high-growth end markets. And these [key end] markets we believe will generate consistent organic growth over the cycle. 60% of our revenues are generated in infrastructure-driven growth sectors with mission-critical technology. So we believe the opportunity in this market is both a combination of smart bolt-on acquisitions. Which will allow us to consolidate the industry. And also to expand through a number of organic growth initiatives.” He added: “Next, what I'd like to do is to transition to our ESAB business. And what are we doing to drive this business from a topline standpoint? First of all, we like this business a lot. We've talked about that in many different sessions and conferences in the past. And the key reason for that as you'll see on this slide on the left-hand portion you can see that again just like Howden this is a market that's very large in size at over $24 billion in revenues. At the same time, it's also very fragmented. The top three players or top four players in this market control less than a third of the industry. So we believe that this is an outstanding market and an outstanding opportunity for consolidation as we continue to implement our strategies within our ESAB business. We also believe that over the cycle there is a strong opportunity for organic growth in the welding business given the secular trends and the increasing application complexity which will drive -- we believe -- mid-single digit over the cycle. So we believe this is a large fragmented market where we can win through a combination of both acquisition and importantly our own organic growth strategies.”

Colfax Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 03:40 PM

Colfax Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 03:40 PM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States.

 

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