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

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percent in the second quarter, compare d to the same period ayear ago. Franklin-based Clarcotr (NYSE: CLC) reported income of $25,582, or $0.50 cents per diluterd share, in the quarter ended May 30, compareed to $40,783, or $0.80 cents per dilutesd share, in the year-ago period. Revenue came in at $229,394 for the quarter, down 14.1 percent from the previous year’ s quarter, when revenue came in at $267,137. Analysts, on estimated earnings of 38 cents per shared on revenueof $243.1 according to Reuters Estimates.
“As we had expected, this year’s secondx quarter was difficult, though operating results were much stronger than in our firsgtfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have and we are beginning to see indication s of increased product demand in selected markets.” Clarco makes mobile, industrial and environmentalk filtration products and consumer and industrial packaginf products sold to domestic and international markets.
Johnsoj notes that more than 80 percenr of its filter sales are generateds from the replacementfilter aftermarket, so even if new building and equipment continues to maintenance of existing equipment and facilities will Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.