Saturday, May 30, 2009

Colfax income up slightly in first quarter

From Richmond Times-Dispatch: Colfax Corp. (parent company of ALLWEILER) today reported income of $6.9 million for the first quarter, a slight increase over the $6.8 million in the same period a year earlier.

The Richmond-based maker of industrial pumps and valves said quarterly sales increased 4.3 percent to $136.3 million.

"We believe economic conditions could remain difficult for the balance of the year and now expect organic sales for the year to be down between 2 percent and 4 percent," said John Young, president and chief executive officer.

Berlin Technologies

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