Circor: 4Q Earnings Snapshot
BURLINGTON, Mass. (AP) _ Circor International Inc. (CIR) on Monday reported fourth-quarter net income of $1.6 million, after reporting a loss in the same period a year earlier.
The Burlington, Massachusetts-based company said it had profit of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to 82 cents per share.
The maker of valves and other engineered products posted revenue of $242.6 million in the period.
For the year, the company reported that its loss widened to $133.9 million, or $6.73 per share. Revenue was reported as $964.3 million.
For the current quarter ending in April, Circor expects its per-share earnings to range from 50 cents to 60 cents.
The company said it expects revenue in the range of $190 million to $205 million for the fiscal first quarter.
Circor shares have decreased 23% since the beginning of the year. The stock has risen slightly more than 6% in the last 12 months.