Brief: CIRCOR Announces Preliminary Financial Expectations For Q1 2022

CIRCOR International

23/05/2022 14:19

May 23 (Reuters) - Circor International Inc  CIR.N :
    * CIRCOR ANNOUNCES SELECTED PRELIMINARY FINANCIAL
EXPECTATIONS FOR
FIRST-QUARTER 2022, PROVIDES UPDATE ON ACCOUNTING REVIEW, AND
FILES FORM 12B-25 FOR 10-Q
    * CIRCOR INTERNATIONAL -REPORTED Q1 ORDERS  EXPECTED TO BE
DOWN
LOW-SINGLE DIGITS AND ORGANIC ORDERS ARE EXPECTED TO BE ROUGHLY
FLAT YEAR-OVER-YEAR
    * CIRCOR INTERNATIONAL-Q1 ADJUSTED OPERATING INCOME AND
ADJUSTED
OPERATING INCOME AS PERCENTAGE OF SALES EXPECTED TO IMPROVE
COMPARED WITH PRIOR YEAR PERIOD
    * CIRCOR INTERNATIONAL-Q1 REVENUE IS EXPECTED TO BE UP
MID-SINGLE
DIGITS WITH ORGANIC REVENUE UP HIGH-SINGLE DIGITS IN
AEROSPACE,DEFENSE, INDUSTRIAL
    * CIRCOR INTERNATIONAL INC SAYS TO DATE, REVIEW HAS NOT
IDENTIFIED
EVIDENCE OF ACCOUNTING IRREGULARITIES OUTSIDE OF PIPELINE
ENGINEERING BUSINESS UNIT
    * CIRCOR INTERNATIONAL- EXPECTS TO BOOK NON-CASH IMPAIRMENT
CHARGES IN AMOUNT OF $20 MILLION IN Q1 2020 AND $10 MILLION IN
Q4 2021

Source text for Eikon:  ID:nBw9P1QS6a 
Further company coverage:  CIR.N 

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