Colfax Q1 Profit Rises - Quick Facts

(RTTNews) - Colfax Corporation (CFX) reported that its first-quarter net income to shareholders increased to $24.88 million or $0.22 per share, from $22.55 million or $0.21 per share, previous year. Adjusted net income was $51.61 million or $0.43 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.05 billion from $947.14 million. Analysts expected revenue of $1.04 billion for the quarter.