Last $65.21 USD
Change Today +0.51 / 0.79%
Volume 139.0K
CLC On Other Exchanges
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

clarcor inc (CLC) Key Developments

The CLARCOR Inc. Resolves to Increase Quarterly Dividend, Payable on October 17, 2014

The CLARCOR Inc.’s board of directors has resolved to increase the company's regular quarterly dividend by approximately 18%, from $0.17 per share of common stock to $0.20 per share of common stock. The Board further resolved to pay the new $0.20 per share dividend on October 17, 2014 to shareholders of record on October 10, 2014.

CLARCOR Inc. Presents at 38th Annual Automotive Aftermarket Symposium, Nov-04-2014 08:00 AM

CLARCOR Inc. Presents at 38th Annual Automotive Aftermarket Symposium, Nov-04-2014 08:00 AM. Venue: Mandarin Oriental, Las Vegas, Nevada, United States.

CLARCOR Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 30, 2014; Revises Earnings Guidance for 2014

CLARCOR Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended August 30, 2014. For the quarter, the company reported net sales of $400,152,000 against $289,126,000 a year ago. Operating profit was $62,226,000 against $41,985,000 a year ago. Earnings before income taxes were $60,712,000 against $42,220,000 a year ago. Net earnings attributable to the company were $41,703,000 against $28,707,000 a year ago. Diluted net earnings per share attributable to the company were $0.82 against $0.57 a year ago. Adjusted operating profit was $62.8 million against $49.7 million a year ago. Adjusted net earnings were $42.1 million against $33.7 million a year ago. Adjusted diluted EPS were $0.83 against $0.67 a year ago. For the nine months, the company reported net sales of $1,099,479,000 against $832,980,000 a year ago. Operating profit was $144,639,000 against $125,201,000 a year ago. Earnings before income taxes were $146,403,000 against $125,208,000 a year ago. Net earnings attributable to the company were $100,576,000 against $85,220,000 a year ago. Diluted net earnings per share attributable to the company were $1.98 against $1.69 a year ago. Adjusted operating profit was $158.5 million against $132.9 million a year ago. Adjusted net earnings were $107.5 million against $90.2 million a year ago. Adjusted diluted EPS were $2.12 against $1.79 a year ago. Net cash provided by operating activities was $98,849,000 against $71,196,000 a year ago. Additions to plant assets were $52,524,000 against $25,491,000 a year ago. For 2014, the company expects GAAP diluted earnings per share to be in the range of $2.79 and $2.85, a $0.05 increase at the mid-point from prior 2014 diluted earnings per share guidance of $2.72 to $2.82, in excess of $0.03 of this increase was driven by lower expected 2014 interest expense compared with prior guidance - which included the previously disclosed assumption that would complete a debt refinancing in the third quarter of 2014. The company anticipates 2014 consolidated operating margin to be in the range from 13.8% to 14.2% and 2014 consolidated net sales to be in the range from $1,500 million to $1,530 million. Non-GAAP adjusted diluted earnings per share to be in the range from $2.92 to $2.98 and non-GAAP adjusted operating margin to be in the range from 14.7% to 15.1%. For full year 2014 on a consolidated basis (inclusive of acquisitions), the company projects cash from operations between $170 million and $180 million, capital expenditures between $65 million and $75 million, an effective tax rate between 31.5% and 32.0%.

CLARCOR Inc. Presents at Baird 2014 Industrial Conference, Nov-11-2014 12:30 PM

CLARCOR Inc. Presents at Baird 2014 Industrial Conference, Nov-11-2014 12:30 PM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States.

CLARCOR Inc. to Report Q3, 2014 Results on Sep 17, 2014

CLARCOR Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Sep 17, 2014

 

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CLC

Industry Average

Valuation CLC Industry Range
Price/Earnings 24.9x
Price/Sales 2.4x
Price/Book 3.0x
Price/Cash Flow 24.5x
TEV/Sales 2.0x
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