CIRCOR INTERNATIONAL Reports Earnings for FY2023 Q2 as of June 30 2023 on August 10 2023
August 15, 2023
🌥️Earnings Overview
CIRCOR INTERNATIONAL ($NYSE:CIR) reported their FY2023 Q2 earnings results on August 10 2023, which showed total revenue of USD 208.8 million, a 9.1% year-over-year increase. Net income for the quarter was USD -8.6 million, a decline from the 4.0 million reported the previous year.
Stock Price
On Thursday, August 10 2023, CIRCOR INTERNATIONAL reported its earnings for the second quarter of the financial year 2023, ending June 30 2023. At the open of trading, CIRCOR INTERNATIONAL stock opened at $55.8 and closed at the same price. The company’s earnings release included financial reports and other related information. CIRCOR INTERNATIONAL has a strong track record of financial success and consistent profitability.
This increase was driven by strong demand for CIRCOR INTERNATIONAL’s products and services. CIRCOR INTERNATIONAL is focused on continuing to build long-term shareholder value through efficient operations and strategic investments. The company is well-positioned for future success and remains confident in achieving its long-term goals. Live Quote…
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% |
Analysis
GoodWhale conducted an analysis on the financial performance of CIRCOR INTERNATIONAL and found that, according to the Star Chart, CIRCOR INTERNATIONAL has an intermediate health score of 4/10 in terms of cashflows and debt. This suggests that CIRCOR INTERNATIONAL is likely to be able to pay off debt and fund its future operations. Furthermore, GoodWhale found that CIRCOR INTERNATIONAL is strong in terms of asset value and profitability, but weak in terms of dividend and growth. Investors who are interested in a company with moderate growth, strong assets, and profitability may be attracted to CIRCOR INTERNATIONAL. However, investors who prioritize companies with high dividend and growth may want to look elsewhere. More…
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, released their financial results for the second quarter of FY2023, reporting a total revenue of USD 208.8 million, up 9.1% from last year. Their net income was at USD -8.6 million, a decrease from the previous year’s profit of 4.0 million. Investors should take note that while revenue is increasing, the company is still operating at a net loss, and should do further research before investing in the company. Additionally, investors should consider the company’s long-term goals and its competitive landscape in order to make an informed decision.
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