Key Developments: CIRCOR International Inc (CIR.N)
56.01USD
1 Aug 2013
$3.49 (+6.65%)
$52.52
$54.08
$56.38
$54.08
34,599
25,772
$56.38
$28.74
Latest Key Developments (Source: Significant Developments)
Circor International Inc Announces Planned Retirement Of Chief Financial Officer Frederic M. Burditt
CIRCOR International, Inc announced that Frederic M. Burditt, Vice President and Chief Financial Officer, will be retiring from the Company. Mr. Burditt, will continue in his role until his successor is named and intends to work closely with CIRCOR management to ensure a smooth and transition of his responsibilities. The CIRCOR Board has initiated a search process and has retained a leading executive search firm to identify a new CFO. Full Article
Circor International Inc Issues Q3 2013 Guidance; EPS Guidance Above Analysts' Estimates; Issues Q3 2013 Charge Guidance
Circor International Inc announced that for the third quarter of 2013, it expects revenues to be in the range of $212 to $218 million. In addition, the Company expects to record special charges comprised of a gain of approximately $3.1 million related to a settlement on the Brazil arbitration and restructuring related-charges of between $1.5 and $1.7 million. Excluding these charges, adjusted earnings are expected to be in the range of $0.76 to $0.83 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.72 and revenue of $217 million for the third quarter of 2013. Full Article
Circor International Inc Declares Regular Quarterly Dividend
Circor International Inc announced that it has declared a regular quarterly dividend of $0.0375 per share on CIRCOR`s Common Stock payable on August 30, 2013 to shareholders of record as of the close of business on August 16, 2013. Full Article
Circor International Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates
Circor International Inc announced that for the second quarter of 2013, it expects revenues to be in the range of $214-$220 million. During the first quarter, the Company expects to incur pre-tax repositioning related charges of between $4.2 and $4.8 million. Excluding those charges, adjusted earnings are expected to be in the range of $0.64 to $0.70 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.0.67 and revenue of $219 million for the second quarter of 2013. Full Article
Circor International Inc Declares Regular Quarterly Dividend
Circor International Inc announced that it has declared a regular quarterly dividend of three and $0.0375 per share on CIRCOR`s Common Stock payable on May 31, 2013 to shareholders of record as of the close of business on May 17, 2013. Full Article
Circor International Inc Announces Appointment Of Scott Buckhout As President And Chief Executive Officer
Circor International Inc announced that its Board of Directors has appointed Scott Buckhout as President and Chief Executive Officer (CEO), effective immediately. Mr. Buckhout, has also been appointed to the Company`s Board of Directors. Wayne Robbins, who has served as Acting President and CEO since December 2012, will continue as CIRCOR`s Executive Vice President and Chief Operating Officer. Full Article
Circor International Inc Issues Q1 2013 Guidance Below Analysts' Estimates; Issues Q1 2013 Charge Guidance
Circor International Inc announced that for the first quarter of 2013, it expects revenues to be in the range of $199-$206 million. During the first quarter, the Company expects to incur pre-tax repositioning related charges of between $3.0 and $3.7 million. Excluding those charges, adjusted earnings are expected to be in the range of $0.43 to $0.53 per diluted share. The Company expects lower year-over-year profitability in the first quarter due primarily to lower Energy volume and Aerospace margins. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.56 and revenue of $208 million for the first quarter of 2013. Full Article
Circor International Inc Declares Regular Quarterly Dividend
Circor International Inc announced that it has declared a regular quarterly dividend of $0.0375 per share on CIRCOR`s Common Stock payable on March 29, 2013 to shareholders of record as of the close of business on March 15, 2013. Full Article
Circor International Inc Reaffirms Q4 2012 EPS Guidance; Sees Q4 2012 Revenue Guidance At Low End Of Prior Guidance
Circor International Inc announced that for the fourth quarter of 2012, it expects adjusted earnings in the range of $0.50-$0.62 per diluted share (EPS), excluding repositioning charges and revenues at the low end of the previously announced range of $203-$212 million, due primarily to softness in the Company's short cycle energy business. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.57 and revenue of $208 million for the fourth quarter of 2012. Full Article
Circor International Inc Announces Executive Leadership Changes
Circor International Inc announced that effective immediately, Bill Higgins has stepped down as the President, Chairman and Chief Executive Officer in order to pursue other interests. The Board of Directors has appointed Wayne Robbins, currently President, CIRCOR Flow Technologies Group, as Executive Vice President and Chief Operating Officer, and Acting President and Chief Executive Officer, effective immediately. David Dietz, who has served on the CIRCOR Board of Directors since 1999 and recently as Lead Independent Director, has been appointed Chairman of the Board. The CIRCOR Board has initiated a search process and is in the process of retaining a leading executive search firm to identify a permanent President and CEO, and is conducting a separate search process to identify a permanent President of CIRCOR Flow Technologies Group. Full Article

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