|Bid||23.18 x 800|
|Ask||0.00 x 800|
|Day's Range||26.90 - 27.55|
|52 Week Range||18.95 - 37.05|
|Beta (3Y Monthly)||1.94|
|PE Ratio (TTM)||51.93|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.46|
The divestiture of Air and Gas Handling business will enable Colfax (CFX) to reach its leverage target and raise profitability ratio.
NEW YORK, May 16, 2019 /PRNewswire/ -- KPS Capital Partners ("KPS") announced today that it has signed a definitive agreement to acquire Howden, (the "Company") from Colfax Corporation (CFX) for an enterprise value of $1.80 billion, including $1.66 billion in cash consideration and $0.14 billion in assumed liabilities and minority interest, subject to customary closing adjustments. Howden is a leading global provider of mission critical air and gas handling products and services to the industrial, power, oil & gas, and mining industries. Based in Glasgow, Scotland, Howden has a 160 year heritage as a world-class application engineering and manufacturing company with a presence in 32 countries. Howden manufactures highly engineered fans, compressors, heat exchangers, steam turbines, and other air and gas handling equipment, and provides service and support to customers around the world in highly diversified end-markets and geographies. The Company has over 5,300 employees, including over 650 industry-leading engineers and 22 manufacturing facilities in 12 countries.
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. The deal, which is expected to close in the second half of this year, includes $1.66 billion in cash and $140 million in debt and minority interest. Colfax had $1.2 billion in debt as of Dec. 31.
Colfax Corp. announced Thursday a deal to sell its air and gas handling business in a deal valued at $1.8 billion to KPS Capital Partners L.P. The stock rallied 2.7% in premarket trade. The deal, which is expected to close in the second half of this year, includes $1.66 billion in cash and $140 million in assumed liabilities and minority interest. "This completes the strategic shift of our portfolio to diversify end-market exposure, reduce cyclicality, and increase profitability," said Colfax Chief Executive Matt Trerotola. "This transaction will position us to achieve our leverage target and pursue strategic bolt-on acquisitions in our Medical Technology and Fabrication Technology segments." The stock has run up 27% year to date through Wednesday, while the S&P 500 has gained 14%.
Colfax Corporation (“Colfax”) (CFX), a leading diversified technology company, announced that it has signed a definitive agreement to sell its Air and Gas Handling business to KPS Capital Partners, LP (“KPS”) for enterprise value of $1.80 billion, including $1.66 billion in cash consideration and $0.14 billion in assumed liabilities and minority interest, subject to customary closing adjustments. The Air & Gas Handling business had approximately $90 million of segment operating profit and $200 million of adjusted EBITDA in the twelve months ended March 29, 2019. “This completes the strategic shift of our portfolio to diversify end-market exposure, reduce cyclicality, and increase profitability,” said Matt Trerotola, President and Chief Executive Officer of Colfax.
Colfax's (CFX) acquisition of DJO Global marks its entry into the orthopedic solutions industry. High debts and forex woes remain concerning.
Investment company Moerus Capital Management LLC buys Spectrum Brands Holdings Inc, sells Colfax Corp, Brookfield Asset Management Inc during the 3-months ended 2019Q1, according to the most recent filings ...
Stocks that moved substantially or traded heavily on Monday: Teva Pharmaceuticals Ltd., down $2.13 to $12.23 The company allegedly conspired with other generic drugmakers to inflate and manipulate prices, ...
is reportedly nearing a deal to sell its air and gas handling division to private-equity firm KPS Capital Partners for more than $1.8 billion. Representatives for Colfax and KPS didn't respond to a request from Reuters for comment. Colfax, based in Annapolis Junction, Maryland, makes valves and welding equipment.
Welding and valves manufacturer Colfax Corp is nearing a deal to sell its air and gas handling division to private equity firm KPS Capital Partners for more than $1.8 billion, people familiar with the matter said on Sunday. The sale would help Colfax pay down debt following its $3.15 billion acquisition in February of medical devices maker DJO Global Inc from buyout firm Blackstone Group LP. A deal could be announced as soon as this week, the sources said, cautioning it was still possible that negotiations end without a deal.
Colfax's (CFX) first-quarter 2019 results benefit from gains from acquired assets, especially DJO Global as well as improvement in existing businesses and margins.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! How far off is Colfax Corporation (NYSE:CFX) from its intrinsic value? Using the most recent financia...
The Annapolis Junction, Maryland-based company said it had a loss of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 53 cents per share. The results topped Wall Street expectations. ...
Acquired DJO Global, Inc. in February, March performance in-line with expectationsGrew Fabrication Technology sales 5%, improved adjusted EBITA margins 20 bps Achieved Air &.
NEW YORK, NY / ACCESSWIRE / May 8, 2019 / Colfax Corp. (NYSE: CFX ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 8, 2019 at 8:00 AM Eastern Time. To ...
Colfax Corp NYSE:CFXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderately high for CFX with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.81 billion over the last one-month into ETFs that hold CFX are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Emerson's (EMR) second-quarter fiscal 2019 results are likely to be hurt by rising operating costs and expenses, and unfavorable movement in foreign currencies.
Colfax (CFX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Revenues for the machinery stocks are likely to decline sequentially in Q1. Read to know five machinery stocks that are poised to beat estimates in first-quarter 2019.
Advanced Emissions' (ADES) first-quarter 2019 earnings might gain from solid growth opportunities in the refined coal business and synergistic benefits from acquired assets. High costs are concerning.