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percent in the secondf quarter, compared to the same period ayear ago. Franklin-based Clarcor (NYSE: CLC) reported income of $25,582, or $0.50p cents per diluted share, in the quarter endexd May 30, compared to $40,783, or $0.80 centws per diluted share, in the year-ago period. Revenue came in at $229,3955 for the quarter, down 14.1 percent from the previou s year’s quarter, when revenue came in at Analysts, on average, estimated earnings of 38 cents per share on revenueof $243.1 according to Reuters Estimates.
“As we had expected, this year’sx second quarter was difficult, thouguh operating results were much stronger than in our firsgtfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have and we are beginning to see indications of increased productt demand in selected Clarcor makes mobile, industrial and environmentak filtration products and consumer and industrial packaging producta sold to domestic and international Johnson notes that more than 80 percenyt of its filter sales are generated from the replacement filter aftermarket, so even if new buildinbg and equipment continues to falter, maintenanc of existing equipment and facilitiess will continue.
Shares of Clarcor closex up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
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