Circor Int'l (CIR) Misses Q1 EPS by 1c

Circor Int'l (NYSE: CIR) reported Q1 EPS of $0.60, $0.01 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $165.9 million versus the consensus estimate of $166.52 million.

“Our first-quarter revenues were in line with expectations overall at $166 million with adjusted EPS of $0.60 despite significant headwind from currencies,” said Scott Buckhout, President and Chief Executive Officer. “In our Energy segment, strong orders in our long-cycle large international projects business offset weaker orders in our short-cycle distributed valves business. Aerospace & Defense orders came in as expected. After adjusting for divestitures and currency, organic orders grew 9%.”

For earnings history and earnings-related data on Circor Int'l (CIR) click here.

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