CIRCOR

CIRCOR International, Inc. engages in the provision of mission-critical flow control products and services for the Industrial and Aerospace & Defense markets. It operates through the following segments: Aerospace & Defense, and Industrial. The Aerospace and Defense segment is a diversified flow control technology platform. Its primary product focus areas are valves, pumps, actuation, motors, switches, and high pressure pneumatic systems. The Industrial segment is a portfolio of engineered and differentiated fluid handling and flow control products. Its products are positive displacement pumps, specialty centrifugal pumps, automatic recirculating valves, control valves, and harsh environment flow control products for steam and cryogenic applications. The company was founded in 1999 and is headquartered in Burlington, MA.

Earnings data Q2 2024

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Circor International Inc. creates, manufactures, and sells technology products and subsystems. It reports two business segments: aerospace and defense and industrial. Circor primarily serves original equipment manufacturers (OEMs) and engineering, procurement, and construction (EPC) firms worldwide with flow control devices and services. Positive displacement pumps, motors, speciality centrifugal pumps, metering pumps, automatic recirculating valves, control & actuator valves, and high-pressure pneumatic systems are among its products.

HOUSTON--(BUSINESS WIRE)--SCF Partners, Inc. (“SCF”) is pleased to announce its acquisition of DeltaValve and TapcoEnpro from CIRCOR International, Inc. (“CIRCOR”). DeltaValve and TapcoEnpro are long-standing, trusted brands, founded in 1982 and 1946 respectively, and are industry leading manufacturers of highly engineered, severe-service industrial valves supporting global energy infrastructure. Headquartered in Salt Lake City, Utah, DeltaValve provides differentiated patented solutions for de.

SCF Partners Acquires DeltaValve & TapcoEnpro, Leading Providers of Severe Service Industrial Valves, from CIRCOR International

NEW YORK & BURLINGTON, Mass.--(BUSINESS WIRE)--CIRCOR International, Inc. (“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 markets, today announced the successful completion of its acquisition by investment affiliates of KKR for $56.00 per share. As a result of the completion of the transaction, CIRCOR common stock has ceased trading and will no longer be listed on the New York.

CIRCOR International Announces Completion of Acquisition by KKR and Welcomes Dan Daniel as Board Chair

Circor (CIR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Circor (CIR) Surges 5.2%: Is This an Indication of Further Gains?

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NEW YORK , Oct. 17, 2023 /PRNewswire/ -- Floor & Decor Holdings Inc. (NYSE:FND) will replace Vicor Corp. (NASD:VICR) in the S&P MidCap 400, and Vicor will replace CIRCOR International Inc. (NYSE:CIR) in the S&P SmallCap 600. KKR & Co. Inc. (NYSE: KKR) is acquiring CIRCOR International in a transaction expected to close October 18.

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Private equity firm KKR is set to acquire global pump-and-valve manufacturer Circor International in a $1.7 billion deal. Circor's Q2 2023 revenue beat estimates and was up 9.11% YoY, indicating strong growth. KKR's offer of $56 per share, along with a ticking fee, was accepted over a rival bid from Arcline Investment firm.

Circor International, Inc.: Buyout Is Almost A Done Deal Awaiting Regulatory Approvals

Circor (CIR) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.32 per share a year ago.

Circor (CIR) Q2 Earnings and Revenues Beat Estimates

BURLINGTON, Mass.--(BUSINESS WIRE)--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 markets, today announced financial results for the second quarter ended July 2, 2023. Q2 2023 Overview (compared with Q2 2022): Revenue of $209 million up 9% both reported and organically Aerospace & Defense revenue of $74 million, up 9% both reported.

CIRCOR Reports Financial Results for Second Quarter Ended July 2, 2023

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CIRCOR International, Inc. (NYSE: CIR) to KKR & Co. Inc. (NYSE: KKR). Under the terms of the proposed transaction, shareholders of CIRCOR will receive $49.00 in cash for each share of CIRCOR that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, o.

CIRCOR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CIRCOR International, Inc. - CIR

Circor (CIR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Circor (CIR) Upgraded to Strong Buy: What Does It Mean for the Stock?

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NEW YORK , July 5, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased CIRCOR International, Inc. (NYSE: CIR) ("CIR" or the "Company") stock prior to June 4, 2023 . You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of CIR by KKR & Co. Inc. ("KKR").

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Acquisition of CIRCOR International, Inc. by KKR & Co. Inc.

Circor, which already has a deal in place to be acquired by KKR, got a fresh offer from Arcline Investment this week. Circor is sticking with KKR, but did get KKR to sweeten its offer.

Why Circor International Stock Soared Higher This Week

BURLINGTON, Mass.--(BUSINESS WIRE)--CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: CIR) today announced that it has amended its definitive merger agreement (the “Amended Agreement”) with affiliates of investment funds managed by KKR (such affiliates are referred to herein as “KKR”) to acquire the Company for $56.00 per share in cash, an increase of 9.8% over KKR's bid of $51.00 per share on June 26, 2023, and a 76.8% premium to the Company's unaffected stock price on June 2, 2023.

CIRCOR International Enters into Amended Definitive Merger Agreement with KKR at $56.00 Per Share in Cash

MILWAUKEE , June 29, 2023 /PRNewswire/ -- Ademi LLP is investigating CIRCOR (NYSE: CIR) for possible breaches of fiduciary duty and other violations of law in connection with the competing bids of KKR and Arcline .  Click here to learn how to join the action https://www.ademilaw.com/case/circor-international-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates CIRCOR International, Inc. and the Competing Bids from KKR and Arcline

Private equity firm Arcline Investment Management LP said Thursday it's fully committed to its $57-a-share offer for flow-control-products company Circor International Inc. CIR, +4.25% and that it expects to get regulatory approval for the deal. “Any potential overlap with portfolio companies of Arcline represents a negligible portion of CIRCOR's business, which operates in a highly competitive and fragmented sector,” New York-based Arcline said in a statement.

Arcline says fully expects to get regulatory approval for its $57-a-share offer for Circor

Arcline Proposal Has Low Execution Risk and Substantially Greater Value for Shareholders NEW YORK , June 29, 2023 /PRNewswire/ -- Arcline Investment Management LP ("Arcline"), a growth-oriented private equity firm, yesterday announced a binding proposal to acquire 100% of the shares of CIRCOR International, Inc. (NYSE: CIR) ("CIRCOR") for $57.00 per share. Arcline fully expects to receive the regulatory approvals needed to close its potential acquisition of CIRCOR.

Arcline Fully Stands Behind Its Superior Proposal to Acquire Circor International, Inc.

Shares of Circor International Inc. CIR, +4.60% rallied 4.9% toward a six-year high in morning trading Wednesday, but pared an earlier intraday gain of 6.7%, after KKR & Co. Inc. KKR, -1.14% affirmed its intention to buy the flow-control-products company. KKR's announcement comes after private-equity firm Arcline Investment Management LP submitted a $57-a-share cash bid to buy Circor, which is about 12% KKR's agreed-upon amended bid of $51 a share.

Circor's stock rises toward 6-year high after KKR affirms intention to buy company, after Arcline submits higher bid

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today reaffirmed its affiliates' (such affiliates referred to herein as “KKR”) intention to acquire CIRCOR International (“CIRCOR” or the “Company”) and issued the following statement: KKR is confident that its transaction to acquire CIRCOR maximizes shareholder value while minimizing regulatory, market, and industry risks. In sharp contrast to Arcline Investment Management, whose funds own a direct competitor of CIRCOR called Fa.

KKR Reaffirms Intention to Acquire CIRCOR International

Circor International Inc.'s stock CIR, +7.45% soared 9.5% premarket Wednesday, after private equity firm Arcline Investment Management LP submitted an offer for the flow-control-products company for $57 a share in cash, above the amended $51-a-share offer made by KKR & Co. Inc. KKR on Tuesday. The new offer is equal to a 12% premium over the KKR offer and a premium of about 80% over Circor's closing price on June 2, the last trading day before its announcement of a deal with KKR, Arcline said in a statement.

Circor's stock jumps premarket after PE firm Arcline submits $57-a-share cash offer for company that is above KKR's amended $52 offer

Represents 80 %  Premium to CIRCOR's Unaffected Share Price and 12% to the Implied Value of CIRCOR's Announced Transaction with KKR Fully Financed Transaction with Clear Path to Completion NEW YORK , June 28, 2023 /PRNewswire/ -- Arcline Investment Management LP ("Arcline"), a growth-oriented private equity firm, today announced that on June 28, 2023, it submitted a binding proposal to acquire 100% of the shares of CIRCOR International Inc. (NYSE: CIR) ("CIRCOR") for $57.00 per share, in an all-cash, fully financed transaction, to the CIRCOR Board of Directors (the "Board"). The proposal represents a premium of approximately 12% to the $51.00 per share price reflected in CIRCOR's revised merger agreement with affiliates of KKR & Co. Inc., and a premium of approximately 80% to CIRCOR's closing share price on June 2, 2023, the last trading day prior to CIRCOR's June 5, 2023 announcement of its original transaction with KKR.

Arcline Submits Proposal to Acquire Circor International Inc. for $57.00 Per Share

Shares of Circor International Inc. CIR, -0.04% surged 4.6% toward a five-year high in premarket trading Tuesday, after the flow-control-products company agreed to an amended merger deal with KKR & Co. KKR, -0.93% in which the per-share bid was raised to $51 from $49. KKR's stock slipped 0.4% ahead of the open.

Circor stock rallies toward 5-year high after merger deal with KKR was improved

BURLINGTON, Mass.--(BUSINESS WIRE)--CIRCOR International, Inc. (“CIRCOR” or the “Company”) (NYSE: CIR), one of the world's leading providers of mission critical flow control products and services for the Industrial and Aerospace & Defense markets, today announced that it has accepted a proposal from affiliates of investment funds managed by KKR (such affiliates referred to herein as “KKR”) to increase the price of its previously announced definitive merger agreement with CIRCOR from $49 to.

CIRCOR International Enters Into Amendment to Definitive Merger Agreement With KKR at $51 Per Share

Here is how Circor (CIR) and Ingersoll Rand (IR) have performed compared to their sector so far this year.

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