Colfax Names Matthew Trerotola Chief Executive Officer
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July 23, 2015 9:57 AM EDT
KeyBanc maintained a Sector Weight rating on Colfax Corporation (NYSE: CFX). Yesterday the company reported Q2 results and names Matthew L. Trerotola as its CEO. Analyst Jeffrey D. Hammond called the CEO departure "unexpected" and thinks shares will be pressured today.
"CFX reported 2Q15 operating EPS of $0.50 vs. our $0.46 estimate... More
July 23, 2015 6:19 AM EDT
Colfax (NYSE: CFX) reported Q2 EPS of $0.50, $0.02 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $1.02 billion.
For earnings history and earnings-related data on Colfax (CFX) click here.
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July 23, 2015 6:13 AM EDT
Colfax Corporation (NYSE: CFX) announced that Matthew L. Trerotola, formerly an Executive Vice President at DuPont, has been named Chief Executive Officer and a Director of Colfax, effective July 24, 2015. He succeeds Steven E. Simms, who will assist in the transition and will continue to serve on the Colfax Board. Mr. Simms notified the Board early this year that he planned to retire, and the Board subsequently undertook a search for a replacement.
Mr. Trerotola, 48, has spent most of his career at DuPont, Danaher Corporation, and McKinsey & Company. He was most recently an... More
