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Circor International Inc (CIR) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Circor International Inc

CIK: 1091883 Ticker: CIR
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CIRCOR Announces Selected Preliminary Financial Expectations for First-Quarter 2022, Provides Update on Accounting Review, and Files Form 12b-25 for 10-Q
Burlington, MA, May 23, 2022
─ CIRCOR International, Inc. (NYSE: CIR) (“CIRCOR” or “the Company”), one of the world’s leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense (A&D) markets, today announced selected preliminary financial expectations for the first quarter ended April 3, 2022.
The selected preliminary financial expectations have not been reviewed by the Company’s independent registered public accounting firm. All preliminary, unreviewed financial expectations and comparisons to prior periods include the Pipeline Engineering business and account for the preliminary, unaudited changes to the Company’s 2019 to 2021 financials due to the financial restatement that is still in progress. The selected preliminary financial expectations should not be considered final until the Company files its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Annual Report”) and its first quarter 2022 Quarterly Report on Form 10-Q.
Selected Preliminary, Unaudited, Unreviewed Financial Expectations for First-Quarter 2022.
Reported orders are expected to be down low-single digits and organic orders are expected to be roughly flat year-over-year. Aerospace and Defense organic orders are expected to be up high-single digits while Industrial organic orders are expected to be down low-single digits reflecting the timing of large Downstream orders, partially offset by orders growth in the remaining Industrial business.
Reported revenue is expected to be up mid-single digits with organic revenue up high-single digits in both Aerospace and Defense and Industrial.
Reported orders and revenue growth are expected to be lower than organic growth measures due to the unfavorable impact of foreign exchange in the quarter.
Adjusted operating income and adjusted operating income as a percentage of sales are expected to improve compared with the prior year period driven by higher volume, improved pricing that more than offset inflation, and lower Corporate costs.
Cash flow from operations and free cash flow are expected to be negative for the first quarter of 2022 and roughly in line with results from the prior-year period.
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The following information was filed by Circor International Inc (CIR) on Monday, May 23, 2022 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 Circor International Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (Loss) Income
Consolidated Statements Of Comprehensive (Loss) Income (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
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)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Narrative (Details)
Accumulated Other Comprehensive Loss - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details)
Business Segment And Geographical Information
Business Segment And Geographical Information (Tables)
Business Segment And Geographical Information - Long-Lived Assets By Geographic Area (Details)
Business Segment And Geographical Information - Net Revenues By Geographic Area (Details)
Business Segment And Geographical Information - Reportable Segment Information (Details)
Concentrations Of Risk
Contingencies, Commitments And Guarantees
Contingencies, Commitments And Guarantees (Details)
Description Of Business
Description Of Business (Details)
Discontinued Operations And Assets Held For Sale
Discontinued Operations And Assets Held For Sale (Tables)
Discontinued Operations And Assets Held For Sale - Balance Sheet Information For Assets And Liabilities Related To Discontinued Operations (Details)
Discontinued Operations And Assets Held For Sale - Narrative (Details)
Discontinued Operations And Assets Held For Sale - Schedule Of (Loss) Income From Discontinued Operations (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)
Financing Arrangements - Schedule Of Interest Rate Swaps And Cross-Currency Swap (Details)
Financing Arrangements - Schedule Of Other Comprehensive Income (Details)
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 (Tables)
Guarantees And Indemnification Obligations - Product Warranty Reserves (Details)
Income Taxes
Income Taxes (Components Of Deferred Income Tax Liabilities And Assets) (Details)
Income Taxes (Components Of Pre-Tax Income (Loss)) (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 (Tables)
Inventories -Components (Details)
Leases
Leases (Tables)
Leases - Lease Costs (Details)
Leases - Lease Term And Discount Rate (Details)
Leases - Maturities Of Operating And Financing Lease Liabilities (Details)
Leases- Supplemental Balance Sheet (Details)
Leases-Supplemental Cash Flow Information Related To Leases (Details)
Other (Income) Expense, Net
Other (Income) Expense, Net (Details)
Other (Income) Expense, Net (Tables)
Property, Plant And Equipment
Property, Plant And Equipment (Components Of Property, Plant And Equipment) (Details)
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - Narrative (Details)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Tables)
Quarterly Financial Data (Unaudited) - Condensed Consolidated Balance Sheets (Details)
Quarterly Financial Data (Unaudited) - Condensed Consolidated Balance Sheets, Additional Information (Details)
Quarterly Financial Data (Unaudited) - Condensed Consolidated Statements Of Comprehensive (Loss) Income (Details)
Quarterly Financial Data (Unaudited) - Condensed Consolidated Statements Of Operations (Details)
Quarterly Financial Data (Unaudited) - Consolidated Statements Of Shareholders' Equity (Details)
Quarterly Financial Data (Unaudited)- Condensed Consolidated Statements Of Cash Flows (Details)
Restatement Of Previously Issued Consolidated Financial Statements
Restatement Of Previously Issued Consolidated Financial Statements (Tables)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Balance Sheet, Additional Information (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Balance Sheets (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Statements Of Cash Flows (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Statements Of Comprehensive (Loss) (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Statements Of Operations (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Consolidated Statements Of Shareholders' Equity (Details)
Restatement Of Previously Issued Consolidated Financial Statements - Narrative (Details)
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - Change In Fair Value Of Plan Assets (Details)
Retirement Plans - Change In Projected Benefit Obligation (Details)
Retirement Plans - Components Of Net Benefit Expense (Details)
Retirement Plans - Narrative (Details)
Retirement Plans - Schedule Of 401(K) Plan Costs (Details)
Retirement Plans - Weighted Average Assumptions Used In Determining Net Periodic Benefit Cost And Benefit Obligations (Details)
Retirement Plans -Expected Benefit Payments (Details)
Retirement Plans-Funded Status (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contract Asset And Liability (Details)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Performance Obligations (Details)
Revenue Recognition - Revenue By Geographic Market (Details)
Revenue Recognition - Revenue By Major Product Line (Details)
Share-Based Compensation
Share-Based Compensation (Narrative) (Details)
Share-Based Compensation (Schedule Of Equity Awards Outstanding And Exercisable) (Details)
Share-Based Compensation (Tables)
Share-Based Compensation - Schedule Of Estimated Weighted-Average Assumptions Of Stock Options (Details)
Share-Based Compensation - Summary Of Stock Options Granted (Details)
Special And Restructuring Charges (Recoveries), Net
Special And Restructuring Charges (Recoveries), Net (Tables)
Special And Restructuring Charges (Recoveries), Net - Narrative (Details)
Special And Restructuring Charges (Recoveries), Net - Schedule Of Restructuring Charges, Net (Details)
Special And Restructuring Charges (Recoveries), Net - Schedule Of Special And Restructuring Charges (Recoveries), Net (Details)
Special And Restructuring Charges (Recoveries), Net - Schedule Of Special Charges (Recoveries) (Details)
Subsequent Events
Subsequent Events (Details)
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)
Summary Of Significant Accounting Policies - Schedule Of Changes In Accounts Receivable Allowances For Doubtful Accounts (Details)
Ticker: CIR
CIK: 1091883
Form Type: 10-K Annual Report
Accession Number: 0001091883-22-000042
Submitted to the SEC: Tue Jul 26 2022 4:15:13 PM EST
Accepted by the SEC: Tue Jul 26 2022
Period: Friday, December 31, 2021
Industry: Miscellaneous Fabricated Metal Products

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