Circor International, Inc. | Investors

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Q1 2013 CIRCOR International Earnings Conference Call

Investor FAQ

1.	When was CIRCOR founded?
2.	Where is CIRCOR located?
3.	How are CIRCOR’s products sold?
4.	What is the Company’s growth strategy?
5.	What is management’s background and expertise?
6.	Who serves on CIRCOR’s Board of Directors?
7.	Describe CIRCOR’s experience with Lean.
8.	How many employees does CIRCOR currently have?
9.	What stock exchange is CIRCOR traded on and what is its stock symbol?
10.	When does CIRCOR’s fiscal year end?
11.	When is the next financial results release date?
12.	Which financial analysts cover CIRCOR?
13.	How can I obtain CIRCOR’s investor kit?
14.	How can I receive a copy of CIRCOR’s financial statements?
15.	Does CIRCOR pay a dividend on its common stock?
16.	Does CIRCOR have a direct stock repurchase program?
17.	Who should I contact with questions regarding my shares, transfer of my shares, replacement of a lost stock certificate, or change in my address?
18.	What is CIRCOR’s CUSIP number?

1.	When was CIRCOR founded?
CIRCOR was established in 1999 by its former parent company, Watts Water Technologies, Inc., to independently operate the former industrial, oil and gas businesses of Watts.

2.	Where is CIRCOR located?
CIRCOR’s corporate headquarters are located at 30 Corporate Drive, Suite 200, Burlington, MA 01803-4232.

3.	How are CIRCOR’s products sold?
CIRCOR sells its products to distributors, engineering, procurement and construction contractors (EPCs) and end-users primarily through commissioned representatives and through the Company’s direct sales force.

What is the Company’s growth strategy?

CIRCOR's growth strategy includes:

Growing organically by investing in new products, adding value to products, and increasing development of mission-critical subsystems;
Acquiring complementary businesses or technologies;
Leveraging Lean manufacturing to enhance margins as well as capture market share through better product performance and faster lead times; and
Enhancing global supply chain capability by expanding CIRCOR’s presence in China and India.

Overall, CIRCOR’s growth strategies are expected to continue increasing its market positions, building its product offerings, enhancing marketing and distribution channels and providing additional opportunities to realize integration cost savings.

5.	What is management’s background and expertise?
CIRCOR’s strong management team has proven experience in Lean and other continuous improvement methods, with tenure at companies such as Cameron, Danaher, Emerson, Honeywell, Ingersoll Rand, Parker Hannifin, Precision Castparts and United Technology Corporation. Please click here for management bios.

6.	Who serves on CIRCOR’s Board of Directors?
For detailed information about CIRCOR’s Board of Directors, click here.

Describe CIRCOR’s experience with Lean.

CIRCOR began building a culture of continuous improvement and operational excellence in 2005 through a large-scale program to implement Lean operations and Six Sigma. We initially focused on major North American sites and eventually expanded our Lean program across the entire CIRCOR enterprise. In the first few years, our goal was two-fold: First, develop a talented leadership engine to take CIRCOR to higher levels of operational performance; and, second, teach employees how to continually improve their work processes.

In 2008, we embarked on the next level of Lean by developing “model lines” at a few of our larger sites to become the Company’s benchmarks. The goal is to redesign the entire product stream, from suppliers to customers, for breakthrough performance and efficiency. We are training employees on these “model lines,” and demonstrating how the process works and how it can become a standard approach for highly efficient and systematic production. Moreover, through the “model line” concept, CIRCOR is applying the techniques to non-manufacturing processes as well, improving administrative and supply chain processes to significantly enhance our competitive advantage and take market share.

Although CIRCOR is early in its Lean journey, we already have shortened lead times and improved delivery performance to customers; enhanced the quality of our products; freed up factory space enabling facility consolidations and cost savings; and improved the work environment for our employees.

8.	How many employees does CIRCOR currently have?
As of January 27, 2013, CIRCOR’s worldwide operations directly employed approximately 3,000 people.

9.	What stock exchange is CIRCOR traded on and what is its stock symbol?
CIRCOR is traded on the New York Stock Exchange under the symbol CIR. Please check the "Webcasts & Presentations” section of our investor site for updates.

10.	When does CIRCOR’s fiscal year end?
CIRCOR’s fiscal year ends December 31.

11.	When is the next financial results release date?
Please check the “News and Events” section of our investor site for updates.

12.	Which financial analysts cover CIRCOR?
Please visit the “Analyst Coverage” page to view the list of analysts who cover CIRCOR.

13.	How can I obtain CIRCOR’s investor kit?
Please visit the “Virtual Investor Kit” page. To receive an investor kit by mail, please submit a request through the “Information Request" section of the site and complete the electronic form provided.

14.	How can I receive a copy of CIRCOR’s financial statements?
CIRCOR’s financial statements are available for viewing in the “SEC Filings” section of its investor relations website. To receive a hard copy of the Company’s financial statements, please visit the "Information Request" section of the site and complete the electronic form provided.

15.

Does CIRCOR pay a dividend on its common stock?

Yes, CIRCOR does pay a quarterly dividend. The Company has been paying a dividend since May 2000 and currently intends to continue paying a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors. Please see the “Dividends” page for a history of payments.

16.	Does CIRCOR have a direct stock repurchase program?
CIRCOR does not have a direct stock purchase program, and presently does not anticipate establishing one.

17.	Who should I contact with questions regarding my shares, transfer of my shares, replacement of a lost stock certificate, or change in my address?
CIRCOR’s transfer agent is American Stock Transfer & Trust Company located at 59 Maiden Lane, Plaza Level, New York, NY 10038. They may be reached at 718-921-8261.

18.	What is CIRCOR’s CUSIP number?
CIRCOR’s CUSIP number is 17273K109.

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Any statements contained herein that are not statements of historical fact are forward-looking statements. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of CIRCOR. Actual events, performance or results could differ materially from the anticipated events, performance or results expressed or implied by such forward-looking statements. Before making any investment decisions regarding our Company, we strongly advise you to read the section entitled “Risk Factors” in our most recent SEC filings on Forms 10-K and 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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Stock Information

CIR (Common Stock)
Exchange	NYSE (US Dollar)
Price	$51.30
Change (%)	0.86 (1.70%)
Volume	189,135
Data as of 05/21/13 4:04 p.m. ET Minimum 20 minute delay Refresh quote