EXHIBIT 99.1

PRESS RELEASE

Contact:	Frederic M. Burditt
	Chief Financial Officer
	CIRCOR International
	(781) 270-1200

CIRCOR Announces Fourth Quarter Earnings of $0.60 per share

• Fourth quarter earnings excluding net charges total $0.66 per share, up 3% over prior year

• Company establishes reserve for existing asbestos claims and records gain on sale of land in China

• Outlook for 2008 continues to show growth as Energy, Aerospace and Industrial markets and backlog remain strong

Burlington, MA, February 20, 2008

CIRCOR International, Inc. (NYSE: CIR), a leading provider of valves and other fluid control devices for the instrumentation, aerospace, thermal fluid and energy markets, today announced results for the fourth quarter and 12 months ended December 31, 2007.

Revenues for the 2007 fourth quarter were $174.5 million, an increase of 3% from $169.6 million for the fourth quarter 2006 period. Net income for the fourth quarter of 2007 was $10.1 million, or $0.60 per diluted share, compared to $10.4 million, or $0.63 per diluted share, for the fourth quarter of 2006. Net income for the fourth quarter of 2007 includes net pre-tax charges of $1.6 million, or $0.06 per diluted share: (i) a $0.10 per share charge to accrue estimated indemnity costs associated with open asbestos claims affecting the Company’s Leslie Controls subsidiary; (ii) $0.01 per diluted share for a charge related to accelerated vesting of equity awards for retiring executives; and (iii) $0.05 per share from a gain on sale of the Company’s former location in China.

For the 12 months ended December 31, 2007, revenues were $665.7 million, an increase of 13% from $591.7 million for 2006. Net income for the 12 months of 2007 was $37.9 million, or $2.27 per diluted share, an increase of 26% from $29.3 million, or $1.80 per diluted share, in the same period last year. Results for the 12 months of 2007 include net pre-tax charges of $3.3 million, or $0.15 per diluted share: (i) $0.11 per diluted share for charge from accelerated vesting of equity awards for the Company’s retiring executives; (ii) $0.10 per diluted share for charge to accrue estimated indemnity costs associated with open asbestos claims affecting the Company’s Leslie Controls subsidiary; (iii) $0.05 per diluted share for charges related to facility

consolidation; (iv) $0.06 per diluted share from gain on sale of an unrelated business; and (v) $0.05 per diluted share from gain on sale of a former Chinese manufacturing site.

The Company received orders totaling $170.4 million during the fourth quarter of 2007, increasing 1% over the fourth quarter of 2006, and an 8% decrease from the third quarter of 2007. For the 12 months of 2007, orders totaled $771.7 million with year-end backlog remaining at a near record level of $391.6 million, representing increases of 9% and 37%, respectively, over 2006.

During the fourth quarter of 2007, the Company generated $28.0 million of free cash flow (defined as net cash from operating activities, less capital expenditures and dividends paid) and, for the 12 months of 2007, the Company had positive free cash flow of $42.5 million despite higher working capital needed to support the Company’s record orders and its 37% increase in backlog. This compares favorably to the 12 months of 2006 during which the Company generated $17.5 million of free cash flow. The improvement in 2007 largely resulted from reduced working capital and an increase in profitability as compared to 2006.

Circor’s Instrumentation and Thermal Fluid Controls Products segment revenues increased 12% to $91.5 million from $81.6 million in the fourth quarter of 2006. Incoming orders for this segment were $93.1 million, up 26%, while this segment’s backlog at December 31, 2007, reached a record $136.7 million, a 21% increase from one year ago, and a 1% increase from the end of the third quarter of 2007. This segment’s operating margin for the fourth quarter was 8.3% compared to the 8.2% operating margin achieved in the fourth quarter of 2006. Excluding special charges and the accrual for estimated indemnity costs associated with open asbestos claims affecting the Company’s Leslie Controls subsidiary, the fourth quarter 2007 operating margin was 11.2% which represented a 300 basis point increase from the third quarter of 2007, reflecting improved manufacturing efficiencies and lower inventory costs from foreign-sourcing.

During the fourth quarter of 2007, the Company’s Leslie Controls subsidiary, whose results are reported in Circor’s Instrumentation and Thermal Fluid Controls Segment, recorded an additional liability of $9.0 million for the estimated indemnity cost associated with resolution of its current open claims for asbestos-related litigation. The recording of this liability resulted in a pre-tax charge of $2.6 million, or $0.10 per share, net of insurance recoveries.

Circor’s Energy Products segment revenues decreased 6% to $83.1 million from its record level of $88.0 million in the fourth quarter of 2006. Incoming orders for the quarter were $77.3 million and ending backlog totaled another record at $254.8 million compared to incoming orders of $95.4 million and ending backlog of $172.2 million in the same periods last year. This segment’s operating margin was 16.7% during the fourth quarter of 2007 compared to 15.4% for the fourth quarter of 2006.

Bill Higgins, Circor’s Chief Executive Officer-elect, said, “As expected, our Energy Products business experienced some softening in market activities this quarter from record levels, as distributor inventories in North America caught up with demand and, globally, project awards returned to more normal levels. Prospects in 2008 remain healthy as this segment’s backlog remains at near record levels.”

Mr. Higgins continued, “Results for our Instrumentation and Thermal Fluid Control Products segment were encouraging. Incoming order rates improved in all primary markets including steam, instrumentation and general aerospace. We continue to make progress with lean manufacturing and global outsourcing initiatives to drive profit improvement within this segment, and expect to more fully realize cost reduction benefits throughout 2008. Some selective pricing increases have been successfully instituted as well. These improvements have been partially offset by higher legal costs associated with Leslie Controls’ asbestos claims.”

Circor provided guidance for its first quarter 2008 results, indicating it expects earnings to be in the range of $0.54 to $0.58 per diluted share, including an expected $0.02 special charge related to facility closures. The guidance compares to earnings in the first quarter of 2007 of $0.45 per diluted share, which included $0.03 per share for a facility consolidation.

CIRCOR International has scheduled a conference call to review its results for the fourth quarter of 2007 tomorrow, February 21, 2008, at 10:30 am ET. Interested parties may access the call by dialing (888) 256-9119 from the US and Canada and (913) 312-6693 from international locations. A replay of the call will be available from 1:30 pm ET on February 21, 2008, through 1:30 pm ET on February 28, 2008. To access the replay, interested parties should dial (888) 203-1112 or (719) 457-0820 and enter confirmation code # 2840279 when prompted. The presentation slides that will be discussed in the conference call are expected to be available on Wednesday, February 20, 2008, by 6:00 pm ET. The presentation slides may be downloaded from the quarterly earnings page of the investor section on the CIRCOR website: http://www.circor.com/quarterlyearnings/. An audio recording of the conference call also is expected to be posted on the company’s website by February 25, 2008.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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 ANNUAL REPORT ON FORM 10-K, WHICH CAN BE ACCESSED UNDER THE “INVESTORS” LINK OF OUR WEBSITE AT WWW.CIRCOR.COM. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

CIRCOR INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

UNAUDITED

	Three Months Ended						Year Ended
	Dec 31, 2007			Dec 31, 2006			Dec 31, 2007			Dec 31, 2006
Net revenues	$	174,523		$	169,615		$	665,740		$	591,711
Cost of revenues		121,320			120,643			470,373			418,803
GROSS PROFIT		53,203			48,972			195,367			172,908
Selling, general and administrative expenses		37,951			32,641			136,086			124,720
Special charges (income), net		(922	)		200			2,514			678
OPERATING INCOME		16,174			16,131			56,767			47,510
Other (income) expense:
Interest income		(134	)		(97	)		(393	)		(429	)
Interest expense		289			1,342			3,394			5,546
Other (income) expense, net		133			487			(1,257	)		134
Total other expense		288			1,732			1,744			5,251
INCOME BEFORE INCOME TAXES		15,886			14,399			55,023			42,259
Provision for income taxes		5,765			4,016			17,112			12,931
NET INCOME	$	10,121		$	10,383		$	37,911		$	29,328
Earnings per common share:
Basic	$	0.61		$	0.65		$	2.31		$	1.84
Diluted	$	0.60		$	0.63		$	2.27		$	1.80
Weighted average common shares outstanding:
Basic		16,646			16,076			16,442			15,976
Diluted		16,925			16,438			16,730			16,291

CIRCOR INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

UNAUDITED

	Year Ended
	Dec 31, 2007			Dec 31, 2006
OPERATING ACTIVITIES
Net income	$	37,911		$	29,328
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		10,870			11,206
Amortization		2,579			2,394
Compensation expense of stock-based plans		5,704			3,252
Tax effect of share based compensation		(3,623	)		—
Deferred income taxes		(3,574	)		(4,708	)
(Gain) Loss on sale of assets held for sale		(1,229	)		—
(Gain) Loss on sale of property, plant and equipment		102			91
Gain on sale of affiliate		(1,605	)		(11	)
Equity earnings and paid dividends of affiliate, net		452			—
Changes in operating assets and liabilities, net of effects from business acquisitions:
Trade accounts receivable		(12,532	)		(20,857	)
Inventories		(15,672	)		(29,804	)
Prepaid expenses and other assets		(13,187	)		4,966
Accounts payable, accrued expenses and other liabilities		50,720			34,001
Net cash provided by operating activities		56,916			29,858
INVESTING ACTIVITIES
Additions to property, plant and equipment		(11,983	)		(9,933	)
Proceeds from disposal or sale of property, plant and equipment		939			371
Proceeds from sale of assets held for sale		4,072			100
Business acquisitions, net of cash acquired		(2,704	)		(61,103	)
Proceeds from sale of affiliate		1,605			2,309
Purchase of investments		(8,760	)		(12,194	)
Proceeds from sale of investments		—			12,211
Net cash used in investing activities		(16,831	)		(68,239	)
FINANCING ACTIVITIES
Proceeds from debt borrowings		87,641			100,561
Payments of debt		(130,709	)		(70,204	)
Dividends paid		(2,464	)		(2,395	)
Proceeds from the exercise of stock options		6,380			3,627
Tax effect of share based compensation		3,623			2,559
Net cash (used in) provided by financing activities		(35,529	)		34,148
Effect of exchange rate changes on cash and cash equivalents		1,454			1,773
INCREASE IN CASH AND CASH EQUIVALENTS		6,010			(2,460	)
Cash and cash equivalents at beginning of year		28,652			31,112
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	34,662		$	28,652

CIRCOR INTERNATIONAL, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

UNAUDITED

	Dec 31, 2007		Dec 31, 2006
ASSETS
Current Assets:
Cash & cash equivalents	$	34,662	$	28,652
Investments		8,861		86
Trade accounts receivable, less allowance for doubtful accounts of $ 2,264 and $2,523, respectively		125,663		108,689
Inventories		171,661		150,160
Prepaid expenses and other current assets		3,990		2,926
Insurance receivable		6,885		—
Deferred income taxes		8,220		7,305
Assets held for sale		312		3,132
Total Current Assets		360,254		300,950
Property, Plant and Equipment, net		82,465		79,039
Other Assets:
Goodwill		169,110		163,720
Intangibles, net		47,373		49,226
Non current insurance receivable		5,014		—
Other assets		12,253		12,740
Total Assets	$	676,469	$	605,675
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	82,038	$	71,788
Accrued expenses and other current liabilities		72,481		53,333
Accrued compensation and benefits		21,498		15,325
Asbestos liability		9,697		1,026
Income taxes payable		7,900		6,027
Notes payable and current portion of long-term debt		201		415
Total Current Liabilities		193,815		147,914
Long-Term Debt, net of current portion		21,901		64,411
Deferred Income Taxes		19,106		21,674
Long term asbestos liability		7,062		—
Other Non-Current Liabilities		14,201		14,375
Shareholders’ Equity:
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares issued and outstanding		—		—
Common stock, $.01 par value; 29,000,000 shares authorized; and 16,650,407 and 16,181,070 issued and outstanding, respectively		167		162
Additional paid-in capital		240,000		224,508
Retained earnings		144,644		109,251
Accumulated other comprehensive income		35,573		23,380
Total Shareholders’ Equity		420,384		357,301
Total Liabilities and Shareholders’ Equity	$	676,469	$	605,675

CIRCOR INTERNATIONAL, INC.

SUMMARY OF ORDERS AND BACKLOG

(in thousands)

UNAUDITED

	Three Months Ended					Year Ended
	Dec 31, 2007		Dec 31, 2006			Dec 31, 2007		Dec 31, 2006
ORDERS
Instrumentation & Thermal Fluid Controls	$	93,071	$	74,111	*	$	366,913	$	323,214	*
Energy Products		77,348		95,368			404,752		381,762
Total orders	$	170,419	$	169,479		$	771,665	$	704,976
	Dec 31, 2007		Dec 31, 2006
BACKLOG
Instrumentation & Thermal Fluid Controls	$	136,749	$	113,434
Energy Products		254,841		172,235
Total backlog	$	391,590	$	285,669

Note: Backlog includes all unshipped customer orders.

* - Orders for the Instrumentation & Thermal Fluid Controls Products segment have been reduced by $1,851 and $8,281 for the three and twelve months ended December 31, 2006, respectively, for the sale in December 2006 of the small, French business, Societe Alsacienne Regulaves Thermiques von Rohr (“Sart”),

CIRCOR INTERNATIONAL, INC.

SUMMARY REPORT BY SEGMENT

(in thousands, except earnings per share)

UNAUDITED

	2006															2007
	1ST QTR			2ND QTR			3RD QTR			4TH QTR			Full Year			1ST QTR			2ND QTR			3RD QTR			4TH QTR			Full Year
NET REVENUES
Instrumentation & Thermal Fluid Controls (TFC)	$	72,434		$	79,470		$	79,205		$	81,591		$	312,700		$	81,296		$	85,740		$	85,094		$	91,466		$	343,596
Energy Products		54,861			64,919			71,207			88,024			279,011			79,967			80,197			78,923			83,057			322,144
Total		127,295			144,389			150,412			169,615			591,711			161,263			165,937			164,017			174,523			665,740
OPERATING MARGIN
Instrumentation & TFC		9.1	%		8.6	%		9.5	%		8.2	%		8.8	%		7.9	%		8.7	%		7.1	%		8.3	%		8.0	%
Energy Products		10.4	%		11.4	%		13.2	%		15.7	%		13.0	%		12.7	%		16.3	%		17.4	%		15.3	%		15.4	%
Segment operating margin		9.7	%		9.9	%		11.3	%		12.1	%		10.8	%		10.3	%		12.4	%		12.1	%		11.6	%		11.6	%
Corporate expenses		-3.0	%		-2.5	%		-2.8	%		-2.4	%		-2.7	%		-2.4	%		-2.4	%		-3.0	%		-2.9	%		-2.7	%
Special charges		0.0	%		0.0	%		-0.3	%		-0.1	%		-0.1	%		-0.4	%		-0.4	%		-1.3	%		0.5	%		-0.4	%
Total operating margin		6.7	%		7.4	%		8.1	%		9.5	%		8.0	%		7.4	%		9.5	%		7.8	%		9.3	%		8.5	%
OPERATING INCOME
Instrumentation & TFC (excl. special & unusual charges)		6,595			6,861			7,522			6,680			27,658			6,433			7,438			6,076			7,589			27,536
Energy Products (excl. special & unusual charges)		5,702			7,429			9,420			13,797			36,348			10,125			13,063			13,745			12,675			49,608
Segment operating income (excl. special & unusual charges)		12,297			14,290			16,942			20,477			64,006			16,558			20,501			19,821			20,264			77,144
Corporate expenses (excl. special & unusual charges)		(3,809	)		(3,578	)		(4,284	)		(4,146	)		(15,817	)		(3,853	)		(4,056	)		(4,942	)		(5,012	)		(17,863	)
Special (charges) income, net		—						(479	)		(200	)		(679	)		(691	)		(615	)		(2,130	)		922			(2,514	)
Total operating income		8,488			10,712			12,179			16,131			47,510			12,014			15,830			12,749			16,174			56,767
INTEREST EXPENSE, NET		(1,024	)		(1,464	)		(1,383	)		(1,246	)		(5,117	)		(1,218	)		(884	)		(744	)		(155	)		(3,001	)
OTHER (EXPENSE) INCOME, NET		131			248			(27	)		(486	)		(134	)		97			(215	)		1,508			(133	)		1,257
PRETAX INCOME		7,595			9,496			10,769			14,399			42,259			10,893			14,731			13,513			15,886			55,023
PROVISION FOR INCOME TAXES		(2,431	)		(3,038	)		(3,446	)		(4,016	)		(12,931	)		(3,486	)		(4,713	)		(3,148	)		(5,765	)		(17,112	)
EFFECTIVE TAX RATE		32.0	%		32.0	%		32.0	%		27.9	%		30.6	%		32.0	%		32.0	%		23.3	%		36.3	%		31.1	%
NET INCOME	$	5,164		$	6,458		$	7,323		$	10,383		$	29,328		$	7,407		$	10,018		$	10,365		$	10,121		$	37,911
Weighted Average Common Shares Outstanding (Diluted)		16,197			16,332			16,368			16,438			16,291			16,533			16,679			16,768			16,925			16,730
EARNINGS PER COMMON SHARE (Diluted)	$	0.32		$	0.40		$	0.45		$	0.63		$	1.80		$	0.45		$	0.60		$	0.62		$	0.60		$	2.27
EBIT	$	8,619		$	10,960		$	12,152		$	15,645		$	47,376		$	12,111		$	15,615		$	14,257		$	16,041		$	58,024
Depreciation		2,619			3,169			2,901			2,517			11,206			2,808			2,812			2,662			2,588			10,870
Amortization of intangibles		515			567			709			603			2,394			626			632			659			662			2,579
EBITDA	$	11,753		$	14,696		$	15,762		$	18,765		$	60,976		$	15,545		$	19,059		$	17,578		$	19,291		$	71,473
EBITDA AS A PERCENT OF SALES		9.2	%		10.2	%		10.5	%		11.1	%		10.3	%		9.6	%		11.5	%		10.7	%		11.1	%		10.7	%
CAPITAL EXPENDITURES	$	1,578		$	1,742		$	3,823		$	2,790		$	9,933		$	1,776		$	2,266		$	2,844		$	5,097		$	11,983

CIRCOR INTERNATIONAL, INC.

RECONCILIATION OF KEY PERFORMANCE MEASURES TO COMMONLY USED

GENERALLY ACCEPTED ACCOUNTING PRINCIPLE TERMS

(in thousands)

UNAUDITED

		2006															2007
		1ST QTR			2ND QTR			3RD QTR			4TH QTR			Full Year			1ST QTR			2ND QTR			3RD QTR			4TH QTR			Full Year
FREE CASH FLOW [NET CASH FLOW FROM OPERATING ACTIVITIES LESS CAPITAL EXPENDITURES LESS DIVIDENDS PAID]		$	(5,213	)	$	402		$	8,865		$	13,476		$	17,530		$	(5,429	)	$	5,439		$	11,470		$	30,989		$	42,469
ADD:	Capital expenditures		1,578			1,742			3,823			2,790			9,933			1,776			2,266			2,844			5,097			11,983
	Dividends paid		595			600			600			600			2,395			609			614			617			624			2,464
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		$	(3,040	)	$	2,744		$	13,288		$	16,866		$	29,858		$	(3,044	)	$	8,319		$	14,931		$	36,710		$	56,916
NET (CASH) DEBT [TOTAL DEBT LESS CASH & CASH EQUIVALENTS LESS INVESTMENTS]		$	68,271		$	64,336		$	55,157		$	36,088		$	36,088		$	39,366		$	29,848		$	11,815		$	(21,421	)	$	(21,421	)
ADD:	Cash & cash equivalents		27,069			25,966			33,265			28,652			28,652			27,050			25,281			30,174			34,662			34,662
	Investments		—			2,639			90			86			86			87			94			100			8,861			8,861
TOTAL DEBT		$	95,340		$	92,941		$	88,512		$	64,826		$	64,826		$	66,503		$	55,223		$	42,089		$	22,102		$	22,102
NET DEBT AS % OF NET CAPITALIZATION			18	%		16	%		14	%		9	%		9	%		10	%		7	%		3	%		-5	%		-5	%
NET CAPITALIZATION [TOTAL DEBT PLUS SHAREHOLDERS’ EQUITY LESS CASH & CASH EQUIVALENTS, LESS INVESTMENTS]		$	385,659		$	397,814		$	397,012		$	393,389		$	393,389		$	408,944		$	415,386		$	420,951		$	398,963		$	398,963
LESS:	Total debt		(95,340	)		(92,941	)		(88,512	)		(64,826	)		(64,826	)		(66,503	)		(55,223	)		(42,089	)		(22,102	)		(22,102	)
ADD:	Cash & cash equivalents		27,069			25,966			33,265			28,652			28,652			27,050			25,281			30,174			34,662			34,662
	Investments		—			2,639			90			86			86			87			94			100			8,861			8,861
TOTAL SHAREHOLDERS’ EQUITY			317,388			333,478			341,855			357,301			357,301			369,578			385,538			409,136			420,384			420,384
ADD:	Total debt		95,340			92,941			88,512			64,826			64,826			66,503			55,223			42,089			22,102			22,102
TOTAL CAPITAL		$	412,728		$	426,419		$	430,367		$	422,127		$	422,127		$	436,081		$	440,761		$	451,225		$	442,486		$	442,486
TOTAL DEBT / TOTAL CAPITAL			23	%		22	%		21	%		15	%		15	%		15	%		13	%		9	%		5	%		5	%
EBIT [NET INCOME LESS INTEREST EXPENSE, NET LESS TAXES]		$	8,619		$	10,960		$	12,152		$	15,645		$	47,376		$	12,111		$	15,615		$	14,257		$	16,041		$	58,024
LESS:	Interest expense, net		(1,024	)		(1,464	)		(1,383	)		(1,246	)		(5,117	)		(1,218	)		(884	)		(744	)		(155	)		(3,001	)
	Provision for income taxes		(2,431	)		(3,038	)		(3,446	)		(4,016	)		(12,931	)		(3,486	)		(4,713	)		(3,148	)		(5,765	)		(17,112	)
NET INCOME		$	5,164		$	6,458		$	7,323		$	10,383		$	29,328		$	7,407		$	10,018		$	10,365		$	10,121		$	37,911
EBITDA [NET INCOME LESS INTEREST EXPENSE, NET LESS DEPRECIATION LESS AMORTIZATION LESS TAXES]		$	11,753		$	14,696		$	15,762		$	18,765		$	60,976		$	15,545		$	19,059		$	17,578		$	19,291		$	71,473
LESS:
	Interest expense, net		(1,024	)		(1,464	)		(1,383	)		(1,246	)		(5,117	)		(1,218	)		(884	)		(744	)		(155	)		(3,001	)
	Depreciation		(2,619	)		(3,169	)		(2,901	)		(2,517	)		(11,206	)		(2,808	)		(2,812	)		(2,662	)		(2,588	)		(10,870	)
	Amortization of intangibles		(515	)		(567	)		(709	)		(603	)		(2,394	)		(626	)		(632	)		(659	)		(662	)		(2,579	)
	Provision for income taxes		(2,431	)		(3,038	)		(3,446	)		(4,016	)		(12,931	)		(3,486	)		(4,713	)		(3,148	)		(5,765	)		(17,112	)
NET INCOME		$	5,164		$	6,458		$	7,323		$	10,383		$	29,328		$	7,407		$	10,018		$	10,365		$	10,121		$	37,911