http://pro-software.biz/2008/10/29/
percent in the seconde quarter, compared to the same perio d ayear ago. Franklin-basex Clarcor (NYSE: CLC) reported income of or $0.50 cents per diluted in the quarter endedMay 30, comparefd to $40,783, or $0.80 cents per diluted in the year-ago period. Revenue came in at $229,39 5 for the quarter, down 14.1 percentf from the previous year’sz quarter, when revenue came in at $267,137. on average, estimated earnings of 38 cents per sharw on revenueof $243.1 million, according to Reuters Estimates.
“As we had this year’s second quarter was difficult, though operating results were much stronger than in our firsrfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginning to see indications of increased product demand in selected markets.” Clarcor makes mobile, industrial and environmental filtratiom products and consumer and industrial packaging products sold to domestidc and international markets.
Johnson notes that more than 80 percen t of its filter sales are generatee from the replacementfilter aftermarket, so even if new building and equipment continues to falter, maintenance of existinf equipment and facilities will continue. Sharesd of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
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