CLARCOR (CLC) Releases Earnings Results, Beats Expectations By $0.04 EPS

CLARCOR (CLC) announced its most recent quarterly financial results on Wednesday, Sep-14-2016. CLC said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.69. The company posted revenue of $331.40 million in the period, compared to analysts expectations of $338.95 million. CLC’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

CLARCOR opened for trading at $62.61 and hit $63.97 on the upside on Monday, eventually ending the session at $63.91, with a gain of 1.62% or 1.02 points. The heightened volatility saw the trading volume jump to 152,517 shares. Company has a market cap of $3,116 M.

In a different news, on Jul 13, 2016, Robert J Burgstahler (director) sold 7,500 shares at $62.00 per share price. According to the SEC, on Jul 13, 2016, Christopher Conway (President and CEO) sold 1,500 shares at $62.18 per share price. On Jul 12, 2016, David Joseph Fallon (VP-Chief Financial Officer) sold 25,000 shares at $62.14 per share price, according to the Form-4 filing with the securities and exchange commission.

CLARCOR Inc. is engaged in the marketing and manufacturing of mobile industrial and environmental filtration products. The Company’s segments are Engine/Mobile Filtration and Industrial/Environmental Filtration. The Company’s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications including trucks agricultural machinery construction and mining equipment marine automobiles transit buses and other industrial and specialty applications. The Company’s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes and in buildings and infrastructures of various types. The Company’s filters and filter systems are used in commercial and industrial buildings hospitals manufacturing processes pharmaceutical processes clean rooms airports shipyards and refineries other oil and natural gas facilities among others.


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