Colfax Reports First Quarter 2011 Results

Colfax Corporation CFX today announced financial results for the first quarter ended April 1, 2011. On a year-over-year basis, highlights for the first quarter include: First Quarter of 2011 (all comparisons versus the first quarter of 2010) Net income of $6.6 million (15 cents per share – basic and diluted); adjusted net income (as defined below) of $10.1 million (23 cents per share), an increase of 68.6% Net sales of $158.6 million, an increase of 32.2%; organic sales increase (as defined below) of 17.6% Operating income of $11.3 million; adjusted operating income (as defined below) of $16.7 million, an increase of 57.0% First quarter orders of $159.0 million, an increase of 32.9%; organic order growth (as defined below) of 22.7% Backlog of $369.8 million at period end