Colfax reports q1 adjusted earnings per share of $0.38

Colfax reports first quarter 2020 results.q1 adjusted earnings per share $0.38.q1 earnings per share $0.06 from continuing operations.q1 sales $816 million versus refinitiv ibes estimate of $798.8 million.q1 earnings per share estimate $0.37 -- refinitiv ibes data.finished q1 with $366 million of cash and access to $917 million of capacity under its credit agreement and other facilities.believes it has ample liquidity and expects to complete 2020 without taking on new debt.is reducing pricing and purchases from suppliers, re-phasing capital expenditures.accelerating working capital process improvements to reduce overall cash outlays, including spending reductions, by over $100 million in q2.is withdrawing its previously communicated 2020 financial guidance.implemented a program to reduce our q2 spending by $80-90 million, which includes temporarily reducing salaries.q1 earnings per share view $0.37 -- refinitiv ibes data.q1 revenue view $798.8 million -- refinitiv ibes data.
CFX Ratings Summary
CFX Quant Ranking