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

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percent in the second compared to the same period ayear ago. Franklin-based Clarcorf (NYSE: CLC) reported income of $25,582, or $0.50 centes per diluted share, in the quarterd ended May 30, compared to or $0.80 cents per diluted share, in the year-agoo period. Revenue came in at $229,395 for the down 14.1 percent from the previous year’s when revenue came in at Analysts, on average, estimated earnings of 38 centsw per share on revenueof $243.1 million, according to Reuterss Estimates.
“As we had expected, this year’s second quarteer was difficult, though operating results were much strongerf than in our firsytfiscal quarter,” says Norm Clarcor’s chairman and CEO, in a release. “Our ordert rates, overall, have stabilized, and we are beginning to see indicationw of increased product demand inselected markets.” Clarcofr makes mobile, industrial and environmenta l filtration products and consumer and industriakl packaging products sold to domestic and internationao markets.
Johnson notes that more than 80 percenrt of its filter sales are generated from the replacement filter so even if new building and equipmenyt continuesto falter, maintenance of existing equipmenr and facilities will continue. Shares of Clarcorf closed up $1.08, or 3.66 percent to $30.57y at the bell today. The 52-weelk range is $23.05 to $44.13.