CIRCOR INTERNATIONAL Reports 9.1% Year-Over-Year Revenue Increase of USD 208.8 Million for Q2 2023
August 28, 2023
☀️Earnings Overview
For the quarter ended on June 30, 2023, CIRCOR INTERNATIONAL ($NYSE:CIR) reported a total revenue of USD 208.8 million, which is a 9.1% growth year-over-year. The reported net income was USD -8.6 million, compared to 4.0 million the year before.
Analysis
GoodWhale is the perfect tool to analyze CIRCOR INTERNATIONAL‘s financials. After careful assessment, GoodWhale has given CIRCOR INTERNATIONAL a Risk Rating of medium, meaning it is a safe investment in terms of financial and business aspects. However, GoodWhale has also detected two risk warnings in their income sheet and balance sheet. To get a better look at these risk warnings and other pertinent information, register with us at GoodWhale. We will provide you with all the necessary insights you need to make an informed investment decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Circor International. More…
| Total Revenues | Net Income | Net Margin |
| 821.79 | 27.93 | 1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Circor International. More…
| Operations | Investing | Financing |
| 6.88 | 12.4 | -13.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Circor International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.03k | 873.7 | 7.51 |
Key Ratios Snapshot
Some of the financial key ratios for Circor International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.4% | 24.0% | 12.1% |
| FCF Margin | ROE | ROA |
| -2.1% | 39.5% | 6.0% |
Peers
Its main competitors are Duerr AG, Curtiss-Wright Corp, Parker Hannifin Corp. All these companies compete against each other to provide the best products and services to their customers.
– Duerr AG ($OTCPK:DURYY)
Duerr AG is a diversified industrial company with a focus on the automotive industry, based in Stuttgart, Germany. The company’s core businesses include automotive components and systems, as well as agricultural and construction machinery. In recent years, Duerr has expanded its operations into new markets, such as e-mobility and digitalization. As of 2022, the company has a market capitalization of 1.85 billion euros and a return on equity of 11.65%.
– Curtiss-Wright Corp ($NYSE:CW)
Curtiss-Wright Corp is a diversified industrial company that provides engineered products and services to the aerospace, defense, and other industries. The company has a market cap of 6.49B as of 2022 and a return on equity of 12.64%. Curtiss-Wright has a long history of innovation and has been a leading supplier of technology and products for the aerospace and defense industries for over 100 years. The company’s products are used in a wide variety of applications, including aircraft, missiles, ground vehicles, and spacecraft.
– Parker Hannifin Corp ($NYSE:PH)
Parker Hannifin Corp is a diversified industrial manufacturer that specializes in the production of motion and control technologies. The company has a market cap of $37.47B and a ROE of 13.12%. Parker Hannifin is a global leader in the design, manufacture, and distribution of motion and control technologies, serving a wide variety of markets and applications. The company’s products include hydraulic and pneumatic components, pumps, valves, cylinders, motors, and controllers.
Summary
CIRCOR INTERNATIONAL reported strong revenue growth of 9.1% year-over-year for the quarter ended June 30, 2023 with total revenue of USD 208.8 million. Despite this, reported net income was negative at USD -8.6 million, a decrease from the prior year’s 4.0 million. The revenue growth may indicate a potential for investing in CIRCOR INTERNATIONAL as the company continues to expand its business and revenue stream. Investors should carefully evaluate the risk-reward balance of investing in this company as the negative net income could suggest greater risks associated with the company.
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