Last $69.04 USD
Change Today -1.32 / -1.88%
Volume 116.1K
CIR On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

circor international inc (CIR) Snapshot

Open
$70.32
Previous Close
$70.36
Day High
$70.36
Day Low
$68.78
52 Week High
12/24/13 - $83.37
52 Week Low
10/9/13 - $58.64
Market Cap
1.2B
Average Volume 10 Days
83.7K
EPS TTM
$3.56
Shares Outstanding
17.7M
EX-Date
08/13/14
P/E TM
19.4x
Dividend
$0.15
Dividend Yield
0.22%
Current Stock Chart for CIRCOR INTERNATIONAL INC (CIR)

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circor international inc (CIR) Details

CIRCOR International, Inc. designs, manufactures, and distributes valves and other engineered products, and sub-systems used in the oil and gas, power generation, aerospace, defense, and industrial markets worldwide. The company operates in two segments: Energy, and Aerospace and Defense. The Energy segment offers a range of flow control solutions and services, including valves, such as severe and general service control valves; engineered trunion and floating ball valves; and gate, globe, and check valves. It also provides instrumentation fittings and sampling systems comprising sight glasses and gauge valves; and pipeline systems, including pigging tools, flow control skids, and pressure control skids. In addition, this segment offers liquid level controllers, liquid level switches, needle valves, pilot operated relief valves, plugs and probes pressure controllers, pressure regulators, and safety relief valves. It offers its products and services to end-user customers, such as oil companies, power generation, and process industries, as well as engineering, procurement, and construction companies, through direct sales, sales representatives, distributors, and agents. The Aerospace and Defense segment manufactures fluid controls, actuation systems, landing gear systems, pneumatic controls, and electro-mechanical controls. Its products are primarily used in military aircraft, including single and twin-aisle air transport, business and regional jets, military transports and fighters, and commercial and military rotorcraft; and in other applications, such as unmanned aircraft, shipboard applications, military ground vehicles, and space. This segment provides its products under various brands, such as CIRCOR Aerospace, Circle Seal Controls, Aerodyne Controls, Cambridge Fluid Systems, CIRCOR Bodet, CIRCOR Industria, and Hale Hamilton. CIRCOR International, Inc. was founded in 1999 and is headquartered in Burlington, Massachusetts.

2,800 Employees
Last Reported Date: 02/27/14
Founded in 1999

circor international inc (CIR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $609.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $351.8K
Executive Vice President and Group President ...
Total Annual Compensation: $400.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $247.2K
Compensation as of Fiscal Year 2013.

circor international inc (CIR) Key Developments

CIRCOR International, Inc. Enters into New Five Year Unsecured Credit Agreement

On July 31, 2014, CIRCOR International, Inc. entered into a new five year unsecured credit agreement, dated as of July 31, 2014, among the company, as borrower, certain subsidiaries of the company, as guarantors, the lenders from time to time party thereto and SunTrust Bank, as administrative agent, swing line lender and a letter of credit issuer. The new credit agreement provides for a $400 million revolving line of credit. The new credit agreement includes a $200 million accordion feature for a maximum facility size of $600 million. The new credit agreement also allows for additional indebtedness not to exceed $110 million. The company may repay any borrowings under the new credit agreement at any time, subject to certain limited and customary restrictions stated in the new credit agreement. The new credit agreement replaced and terminated the company's prior credit agreement, dated as of May 2, 2011, among the company, as borrower, certain subsidiaries of the company, as guarantors, the lenders from time to time party thereto and SunTrust Bank, as administrative agent, swing line lender and a letter of credit issuer. The prior credit agreement, under which the company had approximately $36 million outstanding, was terminated, as of July 31, 2014, and replaced by the new credit agreement. As of the date of filing, the company had $36 million outstanding under the new credit agreement.

CIRCOR International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

CIRCOR International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company reported net revenues of $207,884,000 against $223,644,000 a year ago. Operating income was $15,834,000 against $20,256,000 a year ago. Income before income taxes was $15,328,000 against $18,792,000 a year ago. Net income was $11,926,000 against $12,667,000 a year ago. Earnings per share diluted were $0.67 against $0.72 per share a year ago. Adjusted operating income was $22.2 million against $22.3 million a year ago. Adjusted earnings per share diluted were $0.91 against $0.81 per share a year ago. Adjusted EBITDA was $14,744,000 against $26,419,000 a year ago. Capital expenditure was $2,933,000 against $4,100,000 a year ago. Adjusted net income was $16,090,000 against $14,044,000 a year ago. For the six months, the company reported net revenues of $419,070,000 against $429,042,000 a year ago. Operating income was $36,741,000 against $33,156,000 a year ago. Income before income taxes was $35,785,000 against $30,292,000 a year ago. Net income was $26,558,000 against $20,577,000 a year ago. Earnings per share diluted were $1.50 against $1.17 per share a year ago. Net cash provided by operating activities was $27,355,000 against $19,432,000 a year ago. Additions to property, plant and equipment was $5,603,000 against $8,808,000 a year ago. Adjusted operating income was $41,981,000. Adjusted earnings per share diluted were $1.70. Adjusted EBITDA was $42,131,000. Capital expenditure was $5,603,000. Adjusted net income was $30,006,000. During the first half of the year, the company generated $22 million of free cash flow or 82% in net income. For the third quarter, the company expected revenues in the range of $200 million to $215 million. Adjusted earnings per share, excluding restructuring and special charges, in the range of $0.87 to $0.94. Expected earnings per common share diluted of $0.79 to $0.88. The company expected adjusted tax rate to be between 26% and 27%.

CIRCOR International Mulls Acquisitions

CIRCOR International, Inc. (NYSE:CIR) is looking for acquisitions. President and Chief Executive Officer, Scott Buckhout said, “So, those would be I'd say the two biases that we have. We're not looking at companies that are outside of markets that we understand or with technology that we don't understand. We're looking more at bolt-on types of acquisitions that give us access to geographies or technologies that we don't have today.”

 

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Industry Analysis

CIR

Industry Average

Valuation CIR Industry Range
Price/Earnings 23.0x
Price/Sales 1.4x
Price/Book 2.4x
Price/Cash Flow 23.0x
TEV/Sales 1.3x
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