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percent in the second quarter, compared to the same period ayear ago. Franklin-based Clarcor CLC) reported income of $25,582, or $0.50 centxs per diluted share, in the quarter ended May 30, comparerd to $40,783, or $0.80 cents per dilute share, in the year-ago period. Revenue came in at $229,395 for the down 14.1 percent from the previous year’sa quarter, when revenue came in at $267,137. on average, estimated earnings of 38 cents per share on revenue of $243.1 million, accordingf to Reuters Estimates.
“As we had expected, this year’w second quarter was difficult, though operatingt results were much stronger than in our firstfiscall quarter,” says Norm Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginnintg to see indications of increased producty demand in selected markets.” Clarcor makes industrial and environmental filtration products and consumee and industrial packaging products sold to domesticv and international markets.
Johnson notes that more than 80 percent of its filterr sales are generated from the replacementrfilter aftermarket, so even if new buildinbg and equipment continues to falter, maintenance of existing equipment and facilities will Shares of Clarcor closed up $1.08, or 3.66 percentt to $30.57 at the bell today. The 52-weekk range is $23.05 to $44.13.
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