Circor Completes Restatement, Files 10-K for 2021

July 26, 2022, 8:53 PM UTC

Circor International completes restatement of financial statements for 2019, 2020, files annual report on 10-K for 2021.

  • Board remains focused on exploration of strategic alternatives
  • 4Q 2021 revenue $204.9m vs $205.3m y/y
  • 4Q 2021 GAAP EPS loss $1.40 vs loss 89c y/y
  • 4Q 2021 adj. EPS 46c vs 43c y/y
  • Reiterates previously disclosed selected preliminary, unaudited, unreviewed financial expectations for 1Q 2022
  • For 2Q 2022, expects low single-digit order growth (high single digits on an organic basis), excluding Pipeline Engineering, driven by strength in the Aerospace & Defense segment, offset by a decline in the Industrial segment on a difficult ...

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