Clarcor's Q2 earnings drop more than 30% - Houston Business Journal:

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percent in the second quarter, compared to the same periodr ayear ago. Franklin-based Clarcor CLC) reported income of or $0.50 cents per diluted share, in the quarter ended May 30, compared to $40,783, or $0.8o cents per diluted share, in the year-agok period. Revenue came in at $229,395 for the down 14.1 percent from the previous year’x quarter, when revenue came in at Analysts, on average, estimated earningxs of 38 cents per share on revenuerof $243.
1 million, according to Reuters “As we had expected, this year’s second quarter was though operating results were much stronger than in our firsr fiscal quarter,” says Norm Johnson, Clarcor’es chairman and CEO, in a release. “Outr order rates, overall, have stabilized, and we are beginningt to see indications of increased product demandf inselected markets.” Clarcor makes mobile, industria and environmental filtration products and consumer and industrial packaging products sold to domestic and international markets.
Johnso n notes that more than 80 percent of its filteer sales are generated from the replacementfilter aftermarket, so even if new buildinv and equipment continues to falter, maintenancre of existing equipment and facilities will continue. Sharesz of Clarcor closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.