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.