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

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percent in the second quarter, compared to the same perio d ayear ago. Franklin-based Clarcor (NYSE: CLC) reportef income of $25,582, or $0.50 cents per dilutedc share, in the quarter ended May 30, compared to or $0.80 cents per diluted share, in the year-ago Revenue came in at $229,395 for the quarter, down 14.1 percent from the previous year’s quarter, when revenue came in at Analysts, on average, estimated earnings of 38 cents per share on revenueof $243.
1 million, according to Reuters “As we had this year’s second quarter was though operating results were much stronger than in our firstr fiscal quarter,” says Norm Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginnint to see indications of increased product deman d in selected markets.” Clarco r makes mobile, industrial and environmental filtration products and consumedr and industrial packaging products sold to domesticc and international markets.
Johnson notes that more than 80 percent of its filter sales are generated from the replacement filter so even if new building and equipmen t continuesto falter, maintenance of existing equipment and facilities will Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell today. The 52-wee range is $23.05 to $44.13.