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Circor International Inc (CIR) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Circor International Inc

CIK: 1091883 Ticker: CIR
EXHIBIT 99.1

CIRCOR Reports Fourth-Quarter and Year-End 2016 Financial Results

Burlington, MA - February 16, 2017
- CIRCOR International, Inc. (NYSE: CIR), a leading provider of flow control solutions and other highly engineered products for markets including oil & gas, aerospace, power, process and industrial solutions, today announced financial results for the fourth quarter and year ended December 31, 2016.

Fourth-Quarter 2016 Highlights

Revenue of $158 million, GAAP EPS of ($0.12) and Adjusted EPS of $0.48
Operating Cash Flow of $20 million and Free Cash Flow of $17 million
Critical Flow Solutions integration progressing well
Orders in short-cycle North America market strengthening
Cost control and restructuring actions continuing to drive bottom-line performance

“CIRCOR concluded 2016 with solid fourth-quarter performance delivering revenue of $158 million and adjusted earnings per share of $0.48,” said Scott Buckhout, President and Chief Executive Officer. “We were pleased with the quarter, especially the impact of our simplification program and the improvement in our North America short-cycle order trend. In addition, the integration of Critical Flow Solutions is progressing as planned.”

“During the fourth quarter, we formed the Advanced Flow Solutions group to drive better top-line growth by aligning our organization with end markets,” added Buckhout. “AFS serves as a diversified flow technology platform that will expand our penetration into the aerospace, power, process and industrial markets.”

“As we enter 2017, we are optimistic about the market outlook across the majority of our businesses and we anticipate that our simplification and operational excellence actions will continue to benefit the bottom line. We remain focused on building shareholder value through top-line growth, margin expansion, strong cash flow and disciplined capital deployment,” concluded Buckhout.

First-Quarter 2017 Guidance
The Company will provide its guidance for the first quarter of 2017 during the conference call later today.

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The following information was filed by Circor International Inc (CIR) on Thursday, February 16, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Statements Of Consolidated Comprehensive Income
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (accrued Expenses And Other Current Liabilities) (details)
Accrued Expenses And Other Current Liabilities (tables)
Business Acquisitions
Business Acquisitions (assets Acquired And Liabilities Assumed) (details)
Business Acquisitions (consideration) (details)
Business Acquisitions (intangible Assets Acquired As Part Of Business Combination) (details)
Business Acquisitions (narrative) (details)
Business Acquisitions (pro Forma Information) (details)
Business Acquisitions Business Acquisitions (tables)
Concentrations Of Risk
Concentrations Of Risk (details)
Contingencies, Commitments And Guarantees
Contingencies, Commitments And Guarantees (minimal Rental Commitments) (details)
Contingencies, Commitments And Guarantees (narrative) (details)
Contingencies, Commitments And Guarantees (standby Letters Of Credit Instruments) (details)
Contingencies, Commitments And Guarantees (tables)
Description Of Business
Description Of Business (details)
Employee Benefit Plans
Employee Benefit Plans (amounts Recognized In Accumulated Other Comprehensive Income) (details)
Employee Benefit Plans (change In Fair Value Of Plan Assets) (details)
Employee Benefit Plans (change In Projected Benefit Obligation) (details)
Employee Benefit Plans (components Of Net Benefit Expense) (details)
Employee Benefit Plans (estimated Pension Expense To Be Recognized In Other Comprehensive Income In The Next Year) (details)
Employee Benefit Plans (expected Benefit Payments) (details)
Employee Benefit Plans (fair Values Of Pension Plan Assets) (details)
Employee Benefit Plans (funded Status) (details)
Employee Benefit Plans (funded Status, End Of Year) (details)
Employee Benefit Plans (narrative) (details)
Employee Benefit Plans (pension Liability Recognized In The Balance Sheet) (details)
Employee Benefit Plans (tables)
Employee Benefit Plans (weighted Average Assumptions Used In Determining Net Periodic Benefit Cost And Benefit Obligations) (details)
Fair Value
Fair Value (details)
Fair Value (tables)
Fair Value Fair Value Of Pension Plan Assets (details)
Financing Arrangements
Financing Arrangements (narrative) (details)
Financing Arrangements (schedule Of Long-term Debt) (details)
Financing Arrangements (schedule Of Minimum Principal Payments) (details)
Financing Arrangements (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (estimated Future Amortization Expense) (details)
Goodwill And Other Intangible Assets (goodwill By Segment) (details)
Goodwill And Other Intangible Assets (gross Intangible Assets And Related Accumulated Amortization) (details)
Goodwill And Other Intangible Assets (narrative) (details)
Goodwill And Other Intangible Assets (tables)
Guarantees And Indemnification Obligations
Guarantees And Indemnification Obligations (product Warranty Reserves) (details)
Guarantees And Indemnification Obligations (tables)
Income Taxes
Income Taxes (components Of Deferred Income Tax Liabilities And Assets) (details)
Income Taxes (components Of Pre-tax Income (loss)) (details)
Income Taxes (deferred Income Taxes Classified In Balance Sheets) (details)
Income Taxes (narrative) (details)
Income Taxes (provision (benefit) For Income Taxes) (details)
Income Taxes (reconciliation Of Effective Income Tax Rate) (details)
Income Taxes (reconciliation Of Total Gross Unrecognized Tax Benefits) (details)
Income Taxes (summary Of Valuation Allowance) (details)
Income Taxes (tables)
Inventories
Inventories (components Of Inventory) (details)
Inventories (narrative) (details)
Inventories (tables)
Property, Plant And Equipment
Property, Plant And Equipment (components Of Property, Plant And Equipment) (details)
Property, Plant And Equipment (tables)
Quarterly Financial Information
Quarterly Financial Information (details)
Quarterly Financial Information (tables)
Segment Information
Segment Information (long-lived Assets By Geographic Area) (details)
Segment Information (net Revenues By Geographic Area) (details)
Segment Information (reportable Segment Information) (details)
Segment Information (tables)
Share-based Compensation
Share-based Compensation (narrative) (details)
Share-based Compensation (schedule Of Estimated Weighted-average Assumptions Of Stock Options) (details)
Share-based Compensation (summarized Information About Rsu Awards Outstanding) (details)
Share-based Compensation (summarized Information About Rsu Msps Outstanding) (details)
Share-based Compensation (summarized Information About Stock Options Outstanding) (details)
Share-based Compensation (summary Of All Rsu Awards Granted To Employees And Non-employee Directors) (details)
Share-based Compensation (summary Of All Rsu Msps Granted To Employees And Non-employee Directors) (details)
Share-based Compensation (summary Of Stock Options Granted To Employees And Non-employee Directors) (details)
Share-based Compensation (tables)
Share-based Compensation Share-based Compensation (ceo & Cfo Inducement Stock Award) (details)
Special Charges
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Special Charges (narrative) (details)
Special Charges (restructuring Programs Summary) (details)
Special Charges (special And Restructuring Charges, Net) (details)
Special Charges (special Charges, Net) (details)
Special Charges (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (property, Plant And Equipment) (narrative) (details)
Summary Of Significant Accounting Policies (reconciliation Of Earnings Per Share) (details)
Summary Of Significant Accounting Policies (tables)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (schedule Of Valuation And Qualifying Accounts) (details)
Ticker: CIR
CIK: 1091883
Form Type: 10-K Annual Report
Accession Number: 0001091883-17-000013
Submitted to the SEC: Tue Feb 21 2017 2:06:19 PM EST
Accepted by the SEC: Tue Feb 21 2017
Period: Saturday, December 31, 2016
Industry: Miscellaneous Fabricated Metal Products

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