Colfax Corp. (CFX) reported that its first-quarter net income available to common shareholders was $22.55 million or $0.21 per share, compared to a loss of $109.33 million or $1.33 per share in the same quarter last year. The last year quarter result included a Charter acquisition-related expense of $42.85 million.
Adjusted net income available to common shareholders for the quarter increased to $28.47 million from $21.75 million in the year ago quarter. Adjusted net income per share for the quarter was $0.26 up from $0.23 in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter rose to $947.14 million from $886.37 million in the prior year quarter. Nine analysts had consensus revenue estimate of $958.57 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.