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, Inc. (NYSE: CIR) announced preliminary financial expectations for Q1 2022, highlighting a projected decrease in reported orders and modest revenue growth. While aerospace orders are expected to rise, industrial orders may see a slight decline. Revenue is anticipated to grow mid-single digits, driven by higher volume and improved pricing strategies. However, the company faces challenges due to accounting irregularities linked to its Pipeline Engineering unit, affecting financial reporting and necessitating a complete restatement of prior financials.
CIRCOR International (NYSE: CIR) announced preliminary financial results for Q4 and the full year ending December 31, 2021, revealing a slight revenue decline. Q4 revenues were $203.4 million, down from $206.1 million in 2020. Annual revenues totaled $756.5 million, a decline from $767.1 million. Excluding the struggling Pipeline Engineering unit, revenues for Q4 were $198.0 million, a 3% decrease. However, orders excluding this unit increased 29% to $212.8 million in Q4. The company is conducting a forensic review of accounting irregularities and has received a notice of potential delisting from the NYSE.
CIRCOR International (NYSE: CIR) announced it filed a Form 12b-25 for a 15-day extension to submit its Annual Report on Form 10-K for the year ended December 31, 2021, due to accounting irregularities found during the audit of its Pipeline Engineering unit.
The irregularities may impact $35 to $45 million in pre-tax income over five years, prompting a likely restatement of financials for 2019-2021. The Board is also reviewing strategic alternatives to enhance shareholder value amidst these challenges, having engaged financial and legal advisors for this process.
CIRCOR International (NYSE: CIR) has announced the immediate resignation of Scott Buckhout as President and CEO, with Tony Najjar stepping in as interim CEO and COO. The Board aims to enhance strategic priorities and will seek a permanent CEO. The company reaffirmed its financial outlook, expecting organic revenue growth of 1-3% for Q4 2021, adjusted EPS between $0.60 and $0.65, and full-year revenues to decline by 2% to 0%. The ongoing strategic changes are intended to drive long-term value for stakeholders.
CIRCOR International, a leading provider of flow control solutions, announced the resignation of CFO Abhishek Khandelwal effective December 31, 2021. AJ Sharma will serve as interim CFO. The company reaffirmed its 2021 financial outlook, expecting 4Q organic revenue growth of 1-3% and adjusted EPS of $0.60-$0.65. For the full year, organic revenue is projected to decrease by (2)-0%, with adjusted EPS of $1.69-$1.74. CIRCOR highlighted its commitment to maintaining operational stability during this management transition.
CIRCOR International (NYSE: CIR) reported its Q3 2021 results, showcasing a 15% year-to-date increase in backlog to $435 million driven by strong industrial demand. Total orders rose to $194 million, up 16%, with industrial orders surging 30%. Revenue reached $191 million, reflecting a slight 2% increase, although faced challenges from supply chain disruptions costing $10 million. Adjusted EPS climbed 39% to $0.50. The company anticipates organic revenue growth of 1-3% for Q4, but revised full-year EPS guidance down to $1.69 to $1.74 due to supply chain issues.
CIRCOR International, Inc. (NYSE: CIR) plans to release its third-quarter 2021 financial results on November 12, 2021, before the opening of the New York Stock Exchange. A conference call will be held at 9:00 a.m. ET with CEO Scott Buckhout and CFO Abhi Khandelwal. Investors can access the call via phone or through the company's investor relations website, where the webcast will also be archived for one year. CIRCOR is known for providing flow control products and services in the Industrial and Aerospace & Defense sectors.
CIRCOR International reported its Q2 2021 financial results with orders at $210 million, marking a 9% increase, while revenue reached $190 million, up 2% year-over-year. Industrial orders surged 34% to $156 million, whereas Aerospace & Defense orders fell 29% to $54 million. Adjusted earnings per share rose 59% to $0.35, despite a GAAP loss per share of $(0.77). The company anticipates 10-12% revenue growth in Q3 2021, driven by strong Industrial and Aerospace & Defense segments, along with an adjusted EPS forecast of $0.55 to $0.60.
CIRCOR International, Inc. (NYSE: CIR) plans to release its Q2 2021 financial results on August 10, 2021, before the NYSE opens. A conference call at 9:00 a.m. ET will be hosted by CEO Scott Buckhout and CFO Abhi Khandelwal. Investors can access the call live or through archived webcasts on the company's website. CIRCOR specializes in critical flow control products for Industrial and Aerospace & Defense markets, serving over 14,000 customers globally from its headquarters in Burlington, Massachusetts.
CIRCOR International (NYSE: CIR) announced that CEO Scott Buckhout will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 8:40 a.m. ET. A live webcast of the presentation will be accessible on the CIRCOR investor relations website, with a replay available for 90 days. CIRCOR is a leading provider of mission-critical flow control products for the Industrial and Aerospace & Defense markets, catering to over 14,000 customers in about 100 countries from its headquarters in Burlington, Massachusetts.
