Colfax's CEO Matt Trerotola on Q2 2020 Results - Earnings Call Transcript

8/9/20

Thanks Mike. Good morning, and thanks, everyone, for joining the call. I'd like to start by recognizing our associates for their continued dedication to protecting the health and safety of their colleagues, while serving our customers and patients.

As I mentioned on our last call, we made COVID-19 safety our top priority for Q2 and took quick actions to protect our associates around the world. At the same time, we successfully navigated a range of challenges to keep most of our supply chains flowing and recover quickly from a few policy driven shutdowns. We aggressively flexed down our cost to partly mitigate the slowdown in sales and achieved very strong decremental margins. We also used an aggressive CBS focus to keep our cash flow positive and protect the overall financial strength of the company.

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