Saturday, October 30, 2010

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

http://www.visitcharlottetown.com/guide/itineraries.cfm
percent in the second quarter, compared to the same periodd ayear ago. Franklin-based Clarcor (NYSE: CLC) reported incomes of $25,582, or $0.50 cents per dilutedc share, in the quarter ended May 30, comparex to $40,783, or $0.80 cents per dilutef share, in the year-ago period. Revenue came in at $229,39 for the quarter, down 14.1 percent from the previous year’sw quarter, when revenue came in at $267,137. on average, estimated earnings of 38 centw per share on revenueof $243.11 million, according to Reuters Estimates.
“As we had this year’s second quarter was though operating results were much strongedr than in our firstfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a release. “Ouf order rates, overall, have stabilized, and we are beginninv to see indications of increased product demanrd inselected markets.” Clarcor makes mobile, industrialp and environmental filtration products and consumer and industriakl packaging products sold to domestic and internationao markets.
Johnson notes that more than 80 percentg of its filter salee are generated from the replacementfilterf aftermarket, so even if new building and equipment continues to maintenance of existing equipment and facilitiesx will continue. Shares of Clarcore closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to

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