{"id":1463,"date":"2014-07-21T12:34:10","date_gmt":"2014-07-21T10:34:10","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=1463"},"modified":"2014-07-21T12:34:10","modified_gmt":"2014-07-21T10:34:10","slug":"colfax-q2-2014-results-were-slightly-disappointing-but-the-big-picture-hasnt-changed","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=1463","title":{"rendered":"Colfax Q2 2014 results were slightly disappointing but the big picture hasn’t changed!"},"content":{"rendered":"

Colfax Corp. (NYSE: CFX) the industrial manufacturing and fluid handling company released its Q2 2014 results<\/a> which came in a bit short of analysts expectaions.<\/p>\n

Adjusted net income per share were $0.48 and net sales increased 11.7% to $1.199 billion but declined organically by 5.0%.<\/span><\/span><\/span><\/p>\n

As always Seeking Alpha published the conference call transcript.<\/a><\/span><\/span><\/span><\/p>\n

There were weeknesses <\/span>due to soft demand in welding and pumping markets, as well as certain issues in fluid handling<\/span> as CEO Steven E. Simms pointed out but the recent acquisitions performed generally in line with expectations.<\/span><\/span><\/span><\/p>\n

So how did Colfax react to these difficult markets? They applied their Colfax Business System (CBS) tools in a rigorous way to realize additional cost savings.<\/span><\/span><\/span><\/p>\n

At the Vamberk site in the Czech republic e.g. the ESAB business <\/span>established an electronic pool system delivers direct to the customer, bypassing any warehouse or distribution centers.<\/span><\/span><\/span><\/p>\n

Nevertheless for the balance of the year Colfax decided to reduce their 2014 guidance because sales in the fabrication technology and in the fluid handling business were below expectations.<\/span><\/span><\/span><\/p>\n

But don’t get confused or disappointed! <\/span><\/span><\/span><\/p>\n

All this means only temporary weekness for Colfax and as some of their markets are a bit soft they continue to apply their CBS tools and reduce costs more rigorously than ever!<\/span><\/span><\/span><\/p>\n

Their balance sheet is strong, the debt level is reasonable. This enables them to continue to acquire and integrate opportunistically when occasions arise.<\/span><\/span><\/span><\/p>\n

Colfax share price ended Friday at $ 67.67<\/span><\/span><\/span><\/p>\n

Colfax is a buy for the long term investor even if it is not exactly cheap \u2026 but quality rarely is!<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Colfax Corp. (NYSE: CFX) the industrial manufacturing and fluid handling company released its Q2 2014 results which came in a bit short of analysts expectaions. Adjusted net income per share were $0.48 and net sales increased 11.7% to $1.199 billion but declined organically by 5.0%. As always Seeking Alpha published the conference call transcript. There […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1463"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1463"}],"version-history":[{"count":9,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1463\/revisions"}],"predecessor-version":[{"id":1472,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1463\/revisions\/1472"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1463"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}