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Circor posts big jump in quarterly results

Circor makes valves and other engineering products.


Circor makes valves and other engineering products.

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Circor International posted third-quarter earnings of $17.7 million and earnings of 93 cents per share, compared with $1.9 million, or 11 cents, a year earlier. The 2012 quarter included $11.7 million in charges. CEO Scott Buckhout cited growth in orders in flow technologies in the oil and gas industries, among other factors, and said the Burlington company’s restructuring actions are on track. For the fourth quarter, it expects adjusted earnings of 88 to 95 cents per share.

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