The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: I want to follow up on Jeff's question on Industrial orders. Can you quantify the impact of the downstream in blanket orders in the first quarter?
And then just talk about the pipeline for downstream motors. I know they can be lumpy, but I know you've been pretty bullish on the outlook for
that. So just any color you can give us on those things.
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Yes. Just the -- I guess, the front load, the order pipeline on the downstream business, I know you guys have been pretty confident on getting some
larger orders. Did we get all of those in the first quarter? Are there more of those in the pipeline that you think you can generate throughout the
next couple of quarters?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MAY 12, 2021 / 1:00PM, CIR.N - Q1 2021 Circor International Inc Earnings Call
Question: Nathan Hardie Jones - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Okay. And then I wanted to ask 1 or 2 about free cash flow. The free cash flow was $5 million, $6 million better in the first quarter, primarily the lack
of distributed valves being in there. You did have a $10 million headwind year-over-year to free cash flow on this prepaid and other assets line.
Can you talk about, if that's just timing, we should get some of that back through the rest of the year? And then what are the specific pieces of cash
flow that you expect to step up in the second half of the year, given we're going to be negative in the first half to get to that 85%, 95% conversion?
|
