CLARCOR Bid Higher on Q2 Earnings Results

Shares of CLARCOR Inc. CLC are bid higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid $42.01, at $43.00; they ended the regular session higher by 3.35%, at $41.38. CLARCOR Inc. reported Q2 EPS of $0.64 on revenues of $288.5 million. EPS grew 36% year over year, while net sales increased 12%. Norm Johnson, CLARCOR's Chairman and Chief Executive Officer, said, "The second quarter continued a string of successful quarters at CLARCOR. Our second quarter diluted earnings per share of $0.64 were not only a record high for a CLARCOR second quarter but were a record high for any quarter -- exceeding the previous high of $0.57 in the fourth quarter of 2010." "I am particularly proud of our continuing success because it is driven by strong, consistent growth and improving margins across all of our reporting segments. Of special note, improvement at our Industrial/Environmental Filtration segment continued in the second quarter as it generated a 12.1% operating margin, keeping us solidly on track to exceed the 10% operating margin target for the full year." CLARCOR Inc. is a global provider of filtration products, filtration systems and services, and consumer and industrial packaging products. It conducted business in three principal industry segments: Engine/Mobile Filtration, Industrial/Environmental Filtration and Packaging.