Clarcor's Q2 earnings drop more than 30% - Pittsburgh Business Times:

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percent in the second compared to the same period ayear ago. Franklin-baserd Clarcor (NYSE: CLC) reported income of $25,582, or $0.50p cents per diluted share, in the quarte ended May 30, compared to $40,783, or $0.80 cente per diluted share, in the year-ago Revenue came in at $229,395 for the down 14.1 percent from the previouw year’s quarter, when revenue came in at Analysts, on average, estimatef earnings of 38 cents per shars on revenueof $243.1 million, according to Reuterx Estimates.
“As we had expected, this year’ds second quarter was difficult, thoughn operating results were much stronger than in our firsgtfiscal quarter,” says Norm Johnson, Clarcor’s chairmamn and CEO, in a “Our order rates, overall, have stabilized, and we are beginningy to see indications of increased producy demand in selected markets.” Clarcor makes mobile, industriaol and environmental filtration products and consumer and industrial packagingf products sold to domestic and international Johnson notes that more than 80 percent of its filtef sales are generated from the replacementt filter aftermarket, so even if new building and equipmeny continues to falter, maintenance of existing equipment and facilities will Shares of Clarcor closed up $1.
08, or 3.66 percent to $30.576 at the bell today. The 52-weekl range is $23.05 to