CIRCOR Reports First-Quarter 2020 Financial Results

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Go back to CIRCOR Reports First-Quarter 2020 Financial Results

CIRCOR (CIR) Misses Q1 EPS by 25c, Revenues Beat

May 29, 2020 7:01 AM EDT

CIRCOR (NYSE: CIR) reported Q1 EPS of $0.20, $0.25 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $192.2 million versus the consensus estimate of $191.61 million.

First-Quarter 2020 Overview

Prioritizing health and safety while continuing our strategic transformation and managing business continuity during the COVID-19 pandemicOrders of $208 million produced a book-to-bill ratio of 1.09 and backlog increase of $16 millionRevenue of $192 million, down 20% reported, down 9% organicallyAerospace & Defense revenue of $65 million, up 7% reported, up 8% organicallyIndustrial revenue of $127 million, down 29% reported, down 16% organicallyGAAP loss per share of $(3.96) reflecting a... More