CIRCOR Reports Preliminary Q4 GAAP EPS of $0.43 to $0.44

CIRCOR International, Inc. CIR today announced preliminary financial results for the fourth quarter of 2010 in advance of its presentation at the Gabelli & Company 21st Annual Pump, Valve and Motor Symposium. The Company expects sales for the fourth quarter to be approximately $194 million, within previous guidance of $192 to $202 million; GAAP earnings per diluted share in the range of $0.43 and $0.44; and adjusted earnings per diluted share in the range of $0.52 to $0.53, within previous guidance of $0.50 to $0.63. Adjusted earnings per diluted share exclude approximately $1.4 million after-tax Leslie bankruptcy and asbestos charges. The Company also expects that incoming orders will be approximately $212 million for the fourth quarter of 2010, a 22% increase from the fourth quarter of 2009. These preliminary results are subject to adjustments from CIRCOR's year-end audit, which has not yet been completed.