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percent in the second quarter, compared to the same perioc ayear ago. Franklin-based Clarcor (NYSE: CLC) reportefd income of $25,582, or $0.50 centsx per diluted share, in the quartee ended May 30, compared to $40,783, or $0.80 centsd per diluted share, in the year-agoi period. Revenue came in at $229,395 for the down 14.1 percent from the previousw year’s quarter, when revenue came in at Analysts, on average, estimated earningsa of 38 cents per share on revenuweof $243.1 million, according to Reuters Estimates.
“Ass we had expected, this year’as second quarter was difficult, though operating resultsz were much stronger than in our firsytfiscal quarter,” says Norm Johnson, Clarcor’w chairman and CEO, in a release. “Our ordedr rates, overall, have stabilized, and we are beginniny to see indications of increasex product demand in selected Clarcormakes mobile, industrial and environmental filtration products and consumer and industriao packaging products sold to domestic and internationakl markets.
Johnson notes that more than 80 percenrt of its filter sales are generates from the replacementfilter aftermarket, so even if new buildinvg and equipment continues to falter, maintenancs of existing equipment and facilities will continue. Shares 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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