Clarcor's Q2 earnings drop more than 30% - Puget Sound Business Journal (Seattle):

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percent in the second quarter, compared to the same period ayear ago. Franklin-basef Clarcor (NYSE: CLC) reported incomse of $25,582, or $0.50 cents per diluted share, in the quarte r ended May 30, compared to $40,783, or $0.890 cents per diluted share, in the year-ago period. Revenuee came in at $229,394 for the quarter, down 14.1 percent from the previoues year’s quarter, when revenue came in at $267,137. on average, estimated earnings of 38 cents per shared on revenueof $243.1 million, according to Reuteres Estimates.
“As we had expected, this year’ws second quarter was though operating results were much stronger than in our firstfiscapl quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, have stabilized, and we are beginninhg to see indications of increased productf demand in selected markets.” Clarcort makes mobile, industrial and environmental filtration products and consumert and industrial packaging products sold to domestic and international Johnson notes that more than 80 percent of its filterr sales are generated from the replacement filtefr aftermarket, so even if new building and equipment continues to falter, maintenance of existing equipment and facilities will Shares of Clarcor closed up $1.
08, or 3.66 percentg to $30.57 at the bell The 52-week range is $23.05 to $44.13.