CIRCOR International Announces Availability of Historical Segment Information Reflecting Previously Announced Organizational ...
April 25 2018 - 6:30AM
Business Wire
End Market Alignment Optimizes Company’s
Organizational Structure to Drive Growth
CIRCOR International, Inc. (NYSE: CIR) today announced the
availability of certain historical segment information reflecting
its previously announced organizational realignment. On February
28, 2018, the Company announced a realignment of its organizational
structure from Energy, Advanced Flow Solutions and Fluid Handling
to the following reportable business segments: Energy, Aerospace
& Defense and Industrial.
- The Energy segment includes all
of the businesses from the existing Energy segment and the
Reliability Services business from the recently acquired Fluid
Handling business.
- The Aerospace & Defense
business includes the Aerospace & Defense businesses previously
included in the Advanced Flow Solutions segment and the defense
business from the recently acquired Fluid Handling business.
- The Industrial business includes
the Pumps businesses previously included in the Fluid Handling
segment as well as the Power & Process and Industrial Solutions
businesses, previously included in the Advanced Flow Solutions
segment.
In addition, a number of smaller product lines were realigned as
part of this change to better manage and serve our customers.
CIRCOR will begin reporting the three new segments for the
period beginning January 1, 2018. All previously reported segment
information will be adjusted on a retrospective basis to reflect
this change beginning in the first quarter of 2018 reporting
period.
To facilitate comparability, CIRCOR will provide this historical
segment information to reflect the three new reportable segments
for each of the prior quarterly reporting periods from the first
quarter of 2016 through the fourth quarter of 2017 in a Form 8-K to
be furnished with the Securities and Exchange Commission on April
25, 2018. In addition, the Form 8-K includes combined information
reflecting the Fluid Handling acquisition as though it occurred on
January 1, 2016. This information can be accessed under the “SEC
Filings” section in the “Investors” portion of CIRCOR’s
website.
About CIRCOR International, Inc.CIRCOR International,
Inc. designs, manufactures and markets differentiated technology
products and sub-systems for markets including oil & gas,
industrial, aerospace & defense and commercial marine. CIRCOR
has a diversified flow and motion control product portfolio with
recognized, market-leading brands that fulfill its customers’
mission critical needs. The Company’s strategy is to grow
organically and through complementary acquisitions; simplify
CIRCOR’s operations; achieve world class operational excellence;
and attract and retain top talent. For more information, visit the
Company’s investor relations website at
http://investors.circor.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180425005341/en/
CIRCOR International, Inc.Rajeev Bhalla, 781-270-1210Executive
Vice President and Chief Financial Officer
CIRCOR (NYSE:CIR)
Historical Stock Chart
From Jun 2024 to Jul 2024
CIRCOR (NYSE:CIR)
Historical Stock Chart
From Jul 2023 to Jul 2024