Ok but they did miss.revenues rose 6.7% year/year to $177.8 mln vs the $189.49 mln
Colfax misses by $0.05, misses on revs
Reports Q4 (Dec) earnings of $0.40 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.45; revenues rose 6.7% year/year to $177.8 mln vs the $189.49 mln consensus. Fourth quarter orders of $153.4 million, an increase of 14.8%; organic order increase of 8.8%. Backlog of $347.2 million at period end. "Sales growth for the quarter was in line with our internal expectations and driven primarily by our power generation, oil and gas and general industrial end markets. Order growth for the quarter was also in line with our internal expectations and was positive on an organic basis in all end markets except general industrial... We believe that we can generate in excess of $100 million of savings from these businesses over the next three years, as this organization is operating way below its collective capability. These are still early days and we are being careful not to initiate more cost reduction projects than can be comfortably assimilated. Our view of the potential for these businesses has increased based on what we have seen so far. We continue to expect significant accretion and double digit return on invested capital within three to five years."
maybe if you played the earnings this has gone too far?