Circor International (CIR) 8-K Summary Report by Segment

Exhibit 99.1

CIRCOR INTERNATIONAL, INC. SUMMARY REPORT BY SEGMENT (in thousands) UNAUDITED
	2011															2012															2013
	Q1			Q2			Q3			Q4			TOTAL			Q1			Q2			Q3			Q4			TOTAL			Q1			Q2			Q3			TOTAL
NET REVENUES
Energy	$	153,515		$	137,195		$	161,243		$	168,729		$	620,682		$	164,885		$	171,386		$	166,918		$	156,193		$	659,382		$	157,104		$	173,557		$	167,660		$	498,321
Aerospace and Defense	49,855			54,713			48,718			48,381			201,667			49,395			48,476			42,886			45,413			186,170			48,294			50,087			47,071			145,452
Total	$	203,370		$	191,908		$	209,961		$	217,110		$	822,349		$	214,280		$	219,862		$	209,804		$	201,606		$	845,552		$	205,398		$	223,644		$	214,731		$	643,773
* ADJUSTED OPERATING MARGIN
Energy	8.1		%	7.0		%	9.1		%	9.2		%	8.4		%	8.7		%	10.8		%	12.9		%	11.9		%	11.1		%	10.8		%	13.3		%	15.2		%	13.1		%
Aerospace and Defense	13.2		%	13.1		%	8.5		%	10.1		%	11.3		%	11.5		%	11.7		%	7.1		%	5.1		%	9.0		%	5.9		%	11.4		%	12.1		%	9.8		%
Segment operating margin	9.3		%	8.7		%	9.0		%	9.4		%	9.1		%	9.3		%	11.0		%	11.7		%	10.4		%	10.6		%	9.6		%	12.9		%	14.5		%	12.4		%
Corporate expenses	(2.6		)%	(2.3		)%	(1.5		)%	(2.4		)%	(2.2		)%	(2.9		)%	(2.6		)%	(2.9		)%	(2.6		)%	(2.8		)%	(2.6		)%	(2.9		)%	(3.4		)%	(3.0		)%
* Adjusted operating margin	6.8		%	6.5		%	7.5		%	6.9		%	6.9		%	6.4		%	8.4		%	8.8		%	7.8		%	7.8		%	7.1		%	10.0		%	11.1		%	9.4		%
Leslie asbestos and bankruptcy charges (recoveries)	0.5		%	(0.1		)%	(0.1		)%	—		%	0.1		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%
Restructuring inventory charges	—		%	—		%	—		%	—		%	—		%	—		%	—		%	2.0		%	—		%	0.5		%	0.1		%	(0.1		)%	—		%	—		%
Impairment charges	—		%	—		%	—		%	—		%	—		%	—		%	—		%	4.9		%	—		%	1.2		%	—		%	—		%	—		%	—		%
Special (Recoveries)	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	—		%	(1.5		)%	(0.5		)%
Special charges	—		%	—		%	—		%	—		%	—		%	—		%	—		%	0.7		%	1.9		%	0.6		%	0.7		%	1.0		%	1.4		%	1.0		%
Total GAAP operating margin	6.3		%	6.5		%	7.6		%	6.9		%	6.8		%	6.4		%	8.4		%	1.3		%	5.8		%	5.5		%	6.3		%	9.1		%	11.1		%	8.9		%
Notes:
- The information above represents financial information adjusted to reflect the impact of our October 31, 2013 announced segment realignment including a reallocation of certain corporate expenses.
- This document is supplemental to related information previously included in (i) the Company’s financial statements set forth in its annual and quarterly periodic reports filed by the Company with the Securities and Exchange Commission ("SEC") for periods commencing and subsequent to January 1, 2011; (ii) prior earnings releases issued for periods commencing and subsequent to January 1, 2011 (and which were included in the Company’s Current Reports on Form 8-K); and (iii) the Company’s 2011 and 2012 Forms 10-K and the 2011, 2012, and 2013 Forms 10-Q filed with the SEC.
* Adjusted Operating Income & Margin exclude Leslie asbestos and bankruptcy charges (recoveries), inventory restructuring, impairment and special charges (recoveries).

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CIRCOR INTERNATIONAL, INC. SUMMARY REPORT BY SEGMENT (in thousands) UNAUDITED
	2011															2012															2013
	Q1			Q2			Q3			Q4			TOTAL			Q1			Q2			Q3			Q4			TOTAL			Q1			Q2			Q3			TOTAL
* ADJUSTED OPERATING INCOME
Energy	12,416			9,601			14,643			15,457			52,117			14,282			18,445			21,575			18,591			72,893			16,940			23,114			25,441			65,495
Aerospace and Defense	6,581			7,187			4,158			4,890			22,816			5,672			5,671			3,026			2,332			16,701			2,864			5,724			5,705			14,293
Segment operating income	18,997			16,788			18,801			20,347			74,933			19,954			24,116			24,601			20,923			89,594			19,804			28,838			31,146			79,788
Corporate expenses	(5,224		)	(4,361		)	(3,062		)	(5,311		)	(17,958		)	(6,254		)	(5,637		)	(6,096		)	(5,286		)	(23,272		)	(5,277		)	(6,570		)	(7,400		)	(19,246		)
* Adjusted operating income	13,773			12,427			15,739			15,036			56,975			13,700			18,479			18,505			15,637			66,322			14,528			22,268			23,746			60,542
Leslie asbestos and bankruptcy charges (recoveries)	1,001			(124		)	(201		)	—			676			—			—			—			—			—			—			—			—			—
Restructuring inventory charges	—			—			—			—			—			—			—			4,124			37			4,161			250			(242		)	—			8
Impairment charges	—			—			—			—			—			—			—			10,348			—			10,348			—			—			—			—
Special (Recoveries)	—			—			—			—			—			—			—			—			—			—			—			—			(3,151		)	(3,151		)
Special charges	—			—			—			—			—			—			—			1,377			3,905			5,282			1,378			2,254			2,961			6,592
Total GAAP operating income	12,772			12,551			15,940			15,036			56,299			13,700			18,479			2,656			11,695			46,531			12,900			20,256			23,936			57,093
INTEREST EXPENSE, NET	(773		)	(1,232		)	(887		)	(1,039		)	(3,930		)	(1,081		)	(1,017		)	(1,122		)	(1,038		)	(4,258		)	(787		)	(838		)	(745		)	(2,370		)
OTHER (EXPENSE) / INCOME, NET	(915		)	(560		)	(354		)	(342		)	(2,171		)	(138		)	(184		)	(564		)	373			(514		)	(612		)	(626		)	(568		)	(1,807		)
PRETAX INCOME	11,084			10,759			14,699			13,655			50,197			12,481			17,278			970			11,030			41,759			11,501			18,792			22,623			52,915
(PROVISION) BENEFIT FOR INCOME TAXES	(3,178		)	(3,261		)	(3,752		)	(3,370		)	(13,562		)	(3,896		)	(6,142		)	899			(1,822		)	(10,960		)	(3,592		)	(6,124		)	(4,903		)	(14,618		)
EFFECTIVE TAX RATE	28.7		%	30.3		%	25.5		%	24.7		%	27.0		%	31.2		%	35.5		%	(92.8		)%	16.5		%	26.2		%	31.2		%	32.6		%	21.7		%	27.6		%
NET INCOME	$	7,906		$	7,497		$	10,947		$	10,285		$	36,635		$	8,585		$	11,136		$	1,869		$	9,208		$	30,799		$	7,908		$	12,668		$	17,720		$	38,296
Notes:
- The information above represents financial information adjusted to reflect the impact of our October 31, 2013 announced segment realignment including a reallocation of certain corporate expenses.
- This document is supplemental to related information previously included in (i) the Company’s financial statements set forth in its annual and quarterly periodic reports filed by the Company with the Securities and Exchange Commission ("SEC") for periods commencing and subsequent to January 1, 2011; (ii) prior earnings releases issued for periods commencing and subsequent to January 1, 2011 (and which were included in the Company’s Current Reports on Form 8-K); and (iii) the Company’s 2011 and 2012 Forms 10-K and the 2011, 2012, and 2013 Forms 10-Q filed with the SEC.
* Adjusted Operating Income & Margin exclude Leslie asbestos and bankruptcy charges (recoveries), inventory restructuring, impairment and special charges (recoveries).

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