CIRCOR INTERNATIONAL Reports 9.1% YOY Increase in Revenue, Net Income Down from Previous Year
August 26, 2023
☀️Earnings Overview
CIRCOR INTERNATIONAL ($NYSE:CIR) on August 10 2023 reported total revenue of USD 208.8 million for the second quarter of FY2023 ending on June 30 2023, an increase of 9.1% year-over-year compared to the prior year’s amount. However, net income was USD -8.6 million, a decline from 4.0 million in the previous year.
Analysis
GoodWhale recently conducted an in-depth analysis of CIRCOR INTERNATIONAL‘s fundamentals. After evaluating their financial and business aspects, GoodWhale has determined that CIRCOR INTERNATIONAL is a medium risk investment. The company has a number of positive indicators that make it a viable option for investors, however, there are also some risk warnings present. GoodWhale has detected two risk warnings in both the income sheet and balance sheet. These warnings could potentially indicate issues with the company’s long-term viability. Investors should take this into account when considering investing in CIRCOR INTERNATIONAL. To find out more information about the risks associated with this company, register on goodwhale.com. This website provides comprehensive information about CIRCOR INTERNATIONAL’s financial health and risks associated with investing in it. 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 total revenue of USD 208.8 million for the second quarter of FY2023 ending on June 30 2023, indicating a 9.1% year-over-year increase. However, net income declined to USD -8.6 million from last year’s 4.0 million. This news could be seen as a mixed outlook for investors in CIRCOR International, who will need to analyze the company’s financial performance in more detail and take into account the competitive landscape before making any decisions.
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