Colfax profit climbs 13%, orders surge

LONDON (MarketWatch) — Colfax Corp. , which makes fluid handling products and systems, said Tuesday that its first-quarter net profit rose 13% to $6.8 million as revenue grew 14% to $130.7 million. Excluding the impact of asbestos liabilities and litigation, adjusted net profit rose 48% to $8.9 million. The group also said it saw strong order growth in the quarter, with global navy orders more than doubling and commercial marine orders up 76%.
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