CIRCOR (CIR) Tops Q4 EPS by 38c, Continues Strategic REview

CIRCOR (NYSE: CIR) reported Q4 EPS of $0.77, $0.38 better than the analyst estimate of $0.39. Revenue for the quarter came in at $215 million versus the consensus estimate of $204.2 million.

Related to the Company’s previously announced review of strategic alternatives, CIRCOR’s Board of Directors, supported by external advisors and the management team, continues to progress with the review. Through its external advisors, the Board is in dialogue with a number of parties that have expressed interest in acquiring all or parts of the Company. The Company has not set a timetable for completion of the review, may suspend or terminate the review at any time and does not intend to make further announcements regarding the process unless and until the Board of Directors approves a course of action for which further disclosure is required or appropriate. The exploration of strategic alternatives may not result in any transaction or strategic change.

For earnings history and earnings-related data on CIRCOR (CIR) click here.

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