Circor International

In a report released today, Gabelli & Company expressed a neutral outlook on Circor International (NYSE: CIR). Gabelli writes, “1Q11 adjusted EPS of $0.49 vs. $0.31 p.s. were in line with expectations. Sales increased 39%, YOY, to $203 mm and segment income rose 67% to $20 mm. Segment margin...

Gabelli has reported that Circor International's (NYSE: CIR) asbestos case has come to a resolution. According to Gabelli, “ In February, the U.S. District Court approved CIR's 524g trust to permanently resolve the company's asbestos liabilities. The company will make a one-time $75 mm payment to...