Colfax Schedules Third Quarter Preliminary Earnings Release and Conference Call

RICHMOND, Va., Oct. 27  /PRNewswire-FirstCall/ -- Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, announced today that it will issue a press release providing preliminary financial results for the third quarter of 2009 at approximately 6:00 a.m. ET on Tuesday, November 3, 2009, and will hold a conference call to discuss these preliminary results beginning at 8:00 a.m. ET on that day.  The call will be open to the public through 877-718-5106 or 719-325-4871 and webcast via Colfax's website at http://www.colfaxcorp.com/ under the "Investor Relations" section.

Colfax's preliminary financial results press release for the 2009 third quarter will be available under the "Investor Relations" section of Colfax's website.  In addition, supplemental financial information referenced in the conference call, if any, will be available on the website. A replay of the call will be available on Colfax's website later that day.

Results to be reported on November 3 will exclude the impact of the favorable ruling for Colfax's Warren Pumps subsidiary issued by the Delaware Court of Chancery on October 14, 2009 relating to asbestos-related insurance coverage.  The Company is currently evaluating the impact of this ruling on its financial statements and expects to record a gain in the third quarter resulting from the ruling.  However, the Company does not expect to have completed its determination of the amount of the gain or its impact on earnings or financial position prior to issuance of the preliminary financial results on November 3.  The amount of the gain and its effect on earnings and financial position will be reflected in the Company's financial statements to be included in the Company's third quarter Form 10-Q, which it plans to file with the SEC on or before November 16, 2009.

ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, global naval and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at http://www.colfaxcorp.com/.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and Exchange Commission as well as its Annual Report on Form 10-K under the caption "Risk Factors". In addition, these statements are based on a number of assumptions that are subject to change.  This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.

The term "Colfax" in reference to the activities described in this press release may mean one or more of Colfax's global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation. 

DATASOURCE: Colfax Corporation



CONTACT:  Investor, Mitzi Reynolds of Colfax Corporation,

[phone], 



Web Site:  http://www.colfaxcorp.com/ 

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