Welcome to our dedicated page for Circor Intl news (Ticker: CIR), a resource for investors and traders seeking the latest updates and insights on Circor Intl stock.
CIRCOR International, Inc. (NYSE: CIR) delivers essential flow control solutions for critical infrastructure sectors including energy, aerospace, and industrial manufacturing. This news hub provides investors with timely updates on strategic developments, financial performance, and operational milestones.
Access consolidated information about CIR's engineered products and corporate activity, including acquisition proposals, partnership announcements, and technological innovations. Our repository features press releases about earnings reports, leadership changes, and market expansion initiatives relevant to oil & gas, defense, and power generation sectors.
Key updates include detailed coverage of Arcline Investment Management's proposed acquisition at $57.00 per share, reflecting confidence in CIR's engineering capabilities. Track ongoing developments in valve/pump technologies and their applications in extreme operational environments.
Bookmark this page for structured access to CIRCOR's verified announcements. Check regularly for updates on shareholder value drivers and industrial solution advancements without promotional bias.
CIRCOR International (NYSE: CIR) reported strong Q4 2022 financial results, with a GAAP EPS of $0.27, up 119% YoY, and an adjusted EPS of $0.77, an increase of 67% YoY. Revenue reached $215 million, a 5% increase, while operating income surged to $20.2 million, up 206%. Orders grew 13% YoY, driven largely by an 18% increase in Aerospace & Defense revenue. For FY 2022, total revenue was $787 million, marking a 4% rise. The company experienced a substantial backlog increase of 22%, totaling $543 million. President and CEO Tony Najjar was appointed to the Board of Directors, with ongoing strategic alternatives review supported by external advisors.
CIRCOR International (NYSE: CIR) will release its fourth-quarter and full-year 2022 financial results on March 15, 2023, before the NYSE opening. A conference call will follow at 9:00 a.m. ET, hosted by CEO Tony Najjar and CFO AJ Sharma. Interested parties can access the live call via phone at (877) 407-5790 or (201) 689-8328, or view the live webcast on CIRCOR's investor relations website. The presentation will be archived for one year. CIRCOR is a leading provider of flow control products for industrial and aerospace markets, serving over 14,000 customers globally.
CIRCOR International (NYSE: CIR) reported a strong growth in orders for Q4 2022, with a total of
CIRCOR International, Inc. (CIR) reported strong financial results for Q3 2022, achieving a GAAP EPS of $1.54, up 1285% YoY, and an adjusted EPS of $0.69, a 103% increase. Revenue reached $195 million, growing 3% YoY, with Aerospace & Defense revenue rising 14% to $72 million. Orders surged 18% to $228 million, showcasing robust demand, particularly in Aerospace & Defense with a 67% increase. Operating income also saw significant growth, with GAAP operating income at $42.6 million, up 1133%, reflecting a 21.8% operating margin.
CIRCOR International (NYSE: CIR) will release its Q3 2022 financial results before the NYSE opens on November 14, 2022. A conference call will be hosted at 9:00 a.m. ET by Tony Najjar, President and CEO, along with AJ Sharma, CFO. Investors can access the call through the CIRCOR website or by dialing in. The company focuses on mission-critical flow control products across Industrial and Aerospace & Defense markets, serving over 14,000 customers globally with approximately 3,100 employees.
CIRCOR International (CIR) reported Q2 2022 financial results, showcasing a GAAP EPS of $0.19, up 120% YoY, and an adjusted EPS of $0.32, rising 60% YoY. Revenue reached $191 million, an increase of 2% reported and 8% organically. The company’s GAAP operating income soared to $11.9 million, up 239% YoY, with strong margins driven by strategic simplification measures. Despite overall order volume declining by 1%, organic orders rose 5%. CIRCOR is actively reviewing strategic alternatives to enhance growth.
CIRCOR International, Inc. (NYSE: CIR) is set to release its second-quarter 2022 financial results prior to the New York Stock Exchange opening on September 30, 2022. The announcement will be followed by a conference call at 9:00 a.m. ET, featuring CEO Tony Najjar and CFO AJ Sharma. The call can be accessed live via the Company’s website or through designated phone numbers for dial-in participants. CIRCOR specializes in mission critical flow control products for Industrial and Aerospace & Defense sectors, serving over 14,000 customers globally.
CIRCOR International, Inc. (NYSE: CIR) announced on August 18, 2022, that it received a notice from the NYSE for not filing its Q2 2022 Quarterly Report on time. The company is given a six-month period to comply and file the report to avoid potential delisting. Despite this compliance notice, there is no immediate effect on CIRCOR's stock listing or trading. The company plans to file the report within the stipulated timeframe to regain compliance.
CIRCOR International, Inc. (NYSE: CIR) reported Q1 2022 financial results with orders at $222 million, a 2% decline but a 1% organic increase. Aerospace & Defense orders rose 7% to $78 million, while Industrial orders fell 7% to $144 million. Revenue increased 5% to $186 million, with Aerospace & Defense revenue at $63 million, up 8% reported. The GAAP operating loss was $11.8 million, a 124% decline, while adjusted operating income grew 53% to $10.4 million. Backlog rose 12% to $477 million. CEO Tony Najjar emphasized strong performance amid challenges, enhancing margins and cash flow.
CIRCOR International reported strong growth with a 16% increase in backlog to $444 million and a 16% rise in orders to $851 million for 2021. The company has exited the Pipeline Engineering business, resulting in improved focus and cost efficiency. Despite these positives, revenue slightly declined by 1% to $759 million, with Aerospace & Defense revenue down 5%. The company aims for low single-digit order growth in Q2 2022, with expectations of a strong performance in Aerospace & Defense. Restated financials from 2019 and 2020 were filed, clarifying past accounting irregularities.
