{"id":1967,"date":"2017-11-07T12:38:23","date_gmt":"2017-11-07T10:38:23","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=1967"},"modified":"2018-02-08T12:58:57","modified_gmt":"2018-02-08T10:58:57","slug":"colfax-operates-in-an-increasing-difficult-environment","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=1967","title":{"rendered":"Colfax operates in an increasingly difficult environment"},"content":{"rendered":"<p>Colfax Corp. (NYSE:CFX) the air and gas handling and fabrication technology group <a href=\"https:\/\/finance.yahoo.com\/news\/colfax-reports-third-quarter-2017-110827977.html\" target=\"_blank\" rel=\"noopener\">released Q3 2017 results.<\/a><\/p>\n<p>They missed the revenue estimate and the share price fell as much as 13% .<\/p>\n<p>But Colfax confirmed its outlook of $1.65-$1.75 of adjusted EPS, which includes a $0.25-$0.28 full year contribution from its recently sold fluid handling business.<\/p>\n<p>Reduced power market demand and project delays in oil &amp; gas contributed to lower total orders. Colfax believes that oil &amp; gas is a fundamentally improving market, but at the same time they are expanding Air and Gas restructuring actions \u201eto support the business\u2019 2018 profit growth objective in a less certain revenue environment\u201c.<\/p>\n<p>This quarter Colfax sold its fluid handling business for $ 860 million in order \u201eto strengthen the balance sheet and support the strategic growth program.\u201c<\/p>\n<p>Investors will watch whether the announced growth will be realized within the next couple of quarters as the environment of the oil and gas market in reality will remain difficult. A secular trend to electric mobility has already begun and will certainly reduce demand for oil products over the next years.<\/p>\n<p>Colfax stock trades at a rather expensive p\/e ratio of 23. Therefore Colfax remains a hold!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Colfax Corp. (NYSE:CFX) the air and gas handling and fabrication technology group released Q3 2017 results. They missed the revenue estimate and the share price fell as much as 13% . But Colfax confirmed its outlook of $1.65-$1.75 of adjusted EPS, which includes a $0.25-$0.28 full year contribution from its recently sold fluid handling business. [&hellip;]<\/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\/1967"}],"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=1967"}],"version-history":[{"count":8,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1967\/revisions"}],"predecessor-version":[{"id":1978,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1967\/revisions\/1978"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1967"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}