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percent in the second quarter, comparef to the same periodd ayear ago. Franklin-based Clarcor (NYSE: CLC) reported income of or $0.50 cents per diluted share, in the quarted ended May 30, compared to $40,783, or $0.80 centsx per diluted share, in the year-ago period. Revenue came in at $229,395 for the quarter, down 14.1 percen from the previous year’s quarter, when revenude came in at Analysts, on average, estimated earnings of 38 cents per share on revenuweof $243.1 million, according to Reuters Estimates.
“Az we had expected, this year’s second quarter was difficult, thougjh operating results were much stronger than in our firstyfiscal quarter,” says Norm Johnson, Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginninhg to see indications of increased product demand in selecterd markets.” Clarcor makes mobile, industriap and environmental filtration products and consumere and industrial packaging products sold to domestic and internationalp markets.
Johnson notes that more than 80 percengt of its filter sales are generated from the replacement filter so even if new building and equipment continueto falter, maintenance of existing equipment and facilitiea will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.04 to $44.13.
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