CIRCOR reports preliminary Q4 orders of $248.8M
CIRCOR (NYSE:CIR) said Wednesday it anticipates fourth quarter orders of $248.8 million, up 13% on a reported basis and 19% higher on an organic basis.
For 2022, CIRCOR expects orders of $907.2 million, an increase of 7% as reported and 12% higher on an organic basis.
Q4 aerospace & defense orders are expected to be $70.8 million, down 4% as reported and down 1% on an organic basis.
For full year 2022, CIRCOR expects A&D orders of $308.2 million, up 21% as reported and 24% higher on an organic basis.
Q4 industrial segment orders are expected to be $178.1 million, up 22% on a reported basis and 29% higher on an organic basis, primarily driven by value pricing, pumps aftermarket and downstream.
For full year 2022, the company expects industrial orders of $599.0 million.