Circor: 4Q Earnings Snapshot

March 2, 2020 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIR at https://www.zacks.com/ap/CIR