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New words:
airline, array, assumed, assumption, ASU, attract, attrition, broader, clarify, clarity, collection, commodity, commonly, computed, congressional, content, cryogenic, cyclical, decline, demonstrate, digit, document, duration, enable, enhance, enhanced, exploit, flat, flight, forma, GD, guidance, heavily, heightened, hydrogen, inability, infrastructure, innovation, instability, insulated, introduction, isolated, January, leading, lieu, life, low, lubrication, main, mid, milestone, modification, modified, multiplying, North, OEM, OTS, outline, ownership, pattern, percent, PGA, pharmaceutical, political, pretax, primary, pro, project, projected, prospective, quantitative, reconciliation, reconciling, recovery, reduction, reinjection, relevant, restoration, retention, retrospective, scheme, seller, significantly, single, slightly, social, spending, Standard, submission, successful, supplier, system, targeted, terminate, terrorism, threshold, tied, travel, undergone, unpredictable, upgrade, vacuum, Vian, volatile, warrant
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accrual, acquire, adversely, announced, competition, consolidate, consolidation, CR, cumulative, declared, defend, develop, divestiture, dollar, Eastern, Europe, file, gain, harm, hire, implied, inadequate, Index, ineffective, introduce, larger, lesser, limit, listed, macroeconomic, maintain, manner, modestly, month, Moody, negotiation, notwithstanding, oil, pandemic, pending, planned, previously, pursue, Rating, registration, removed, repayment, replacing, Repositioning, reputation, retained, revise, separated, spinnor, strength, successor, supporting, sustain, symbol, tangible, unable, variable, weakened, York
Financial report summary
?Competition
Circor InternationalRisks
- Macroeconomic fluctuations may harm our business, results of operations and stock price.
- The prices of our components and raw materials could fluctuate dramatically, which may adversely affect our profitability.
- Our ability to source components and raw materials from our suppliers could be disrupted or delayed in our supply chain, which could adversely affect our results of operations.
- Demand for our products is variable and subject to factors beyond our control, which could result in unanticipated events significantly impacting our results of operations.
- We compete with other manufacturing businesses for highly qualified employees in the countries in which we operate, and we may not be able to retain our personnel or hire and retain additional personnel needed for us to sustain and grow our business as planned.
- Our businesses are subject to extensive governmental regulation; failure to comply with those regulations could adversely affect our financial condition, results of operations, cash flows and reputation.
- Information systems and technology networks failures and breaches in data security, personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information, or a violation of our privacy and security policies with respect to such information, could adversely affect us.
- We conduct a substantial portion of our business outside the U.S. and face risks inherent in non-domestic operations.
- Our business could be harmed if we are unable to protect our intellectual property.
- We may be unable to identify or to complete acquisitions, or to successfully integrate the businesses we acquire.
- Net periodic pension cost and pension contributions associated with our retirement benefit plans may fluctuate significantly depending upon changes in actuarial assumptions and future market performance of plan assets.
- Our future results of operations and financial condition could be adversely impacted by intangible asset impairment charges.
- Our operations expose us to the risk of environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation.
- We may be unable to improve productivity, reduce costs and align manufacturing capacity with customer demand.
- We could face potential product liability or warranty claims, we may not accurately estimate costs related to such claims, and we may not have sufficient insurance coverage available to cover such claims.
- We may be unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow.
- We face significant competition which may adversely impact our financial condition, results of operations, and cash flows in the future.
- Fluctuations in interest rates could affect our financial results.
- Additional tax expense or exposures could affect our financial condition, results of operations and cash flows.
- If our internal controls are found to be ineffective, our financial results or our stock price may be adversely affected.
- Process Flow Technologies
Management Discussion
- Sales increased by $51.4 million, or 2.5%, to $2,086.4 million in 2023. The year-over-year higher sales included:
- •an increase in core sales of $141.3 million, or 6.9%, which was driven primarily by higher pricing;
- •an increase in sales related to the October 2023 acquisition of BAUM of $15.4 million, or 0.8%;