Last $58.83 USD
Change Today -0.48 / -0.81%
Volume 335.8K
CLC On Other Exchanges
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As of 6:40 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

clarcor inc (CLC) Snapshot

Open
$59.17
Previous Close
$59.31
Day High
$59.27
Day Low
$58.39
52 Week High
01/15/14 - $65.08
52 Week Low
09/3/13 - $52.29
Market Cap
3.0B
Average Volume 10 Days
287.8K
EPS TTM
$2.50
Shares Outstanding
50.5M
EX-Date
07/2/14
P/E TM
23.5x
Dividend
$0.68
Dividend Yield
1.16%
Current Stock Chart for CLARCOR INC (CLC)

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clarcor inc (CLC) Details

CLARCOR Inc. provides filtration products, filtration systems and services, and consumer and industrial packaging products worldwide. Its Engine/Mobile Filtration segment offers oil, air, fuel, coolant, transmission, and hydraulic fluid filters for engines used in stationary power generation and mobile equipment applications, as well as for marine, construction, industrial, mining, and agricultural equipment. This segment also provides dust collection cartridges for environmental filtration applications. The company’s Industrial/Environmental Filtration segment manufactures specialty industrial process liquid filters; filters for pharmaceutical processes and beverages; filtration systems, filters, and coalescers for the oil and natural gas industry; filtration systems for aircraft refueling, anti-pollution, sewage treatment, and water recycling; bilge water separators; sand control filters for oil and gas drilling; and woven wire and metallic products for filtration of plastics and polymer fibers. This segment also offers antimicrobial treated filters and electronic air cleaners for use in commercial and residential buildings, hospitals, factories, residences, paint spray booths, gas turbine and dust collector systems, medical facilities, motor vehicle and aircraft cabins, clean rooms, and compressors. Its Packaging segment provides metal, plastic, and a combination of metal/plastic containers and closures for packing dry and paste form products, smokeless tobacco products, lip balms, ointments, and consumer healthcare products. This segment also offers shells for dry batteries; canisters for films and candles; spools for insulated and fine wire; and custom decorated flat metal sheets. The company distributes its products through independent distributors, dealers for original equipment manufacturers, retail stores, and internal sales force, as well as directly to end-use customers. CLARCOR Inc. was founded in 1904 and is headquartered in Franklin, Tennessee.

5,267 Employees
Last Reported Date: 01/24/14
Founded in 1904

clarcor inc (CLC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $588.5K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $344.2K
Executive Officer and President of Baldwin Fi...
Total Annual Compensation: $389.1K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $297.9K
Chief Administrative Officer and Vice Preside...
Total Annual Compensation: $256.6K
Compensation as of Fiscal Year 2013.

clarcor inc (CLC) Key Developments

CLARCOR Inc. Declares Quarterly Dividend, Payable on July 18, 2014

The CLARCOR Inc. board of directors at its June board meeting declared a regular quarterly dividend of $0.17 per share of common stock. The dividend will be paid on July 18, 2014 to shareholders of record on July 7, 2014.

CLARCOR Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014; Provides Consolidated Earnings Guidance for 2014

CLARCOR Inc. announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, the company reported net sales of $386,642,000 against $287,583,000 a year ago. Operating profit was $51,147,000 against $49,401,000 a year ago. Earnings before income taxes were $50,747,000 against $49,184,000 a year ago. Net earnings attributable to CLARCOR Inc. were $34,552,000 or $0.68 per diluted share against $33,051,000 or $0.66 per diluted share a year ago. Adjusted operating profit was $57.5 million against $49.4 million a year ago. Adjusted net earnings attributable to CLARCOR Inc. were $38.9 million or $0.76 per diluted share against $33.1 million or $0.66 per diluted share a year ago. For the six months, the company reported net sales of $699,327,000 against $543,854,000 a year ago. Operating profit was $82,413,000 against $83,216,000 a year ago. Earnings before income taxes were $85,691,000 against $82,988,000 a year ago. Net earnings attributable to CLARCOR Inc. were $58,873,000 or $1.16 per diluted share against $56,513,000 or $1.12 per diluted share a year ago. Net cash provided by operating activities was $42,750,000 against $43,210,000 a year ago. Additions to plant assets were $624,863,000 against $14,304,000 a year ago. Adjusted operating profit was $95.7 million against $83.2 million a year ago. Adjusted net earnings attributable to CLARCOR Inc. were $65.4 million or $1.28 per diluted share against $56.5 million or $1.12 per diluted share a year ago. The company projected 2014 GAAP diluted earnings per share to be in the range of $2.72 and $2.82 compared with its previous 2014 diluted earnings per share guidance of $2.60 to $2.75. The increase in this guidance range at the mid-point was primarily driven by the Stanadyne acquisition which it expects to be accretive for the full year 2014. The company anticipates 2014 consolidated operating margin to be in the range from 13.6% to 14.2% and 2014 consolidated net sales to be in the range of $1,485 million to $1,535 million. The company expects 2014 non-GAAP adjusted diluted earnings per share to be in the range of $2.85 to $2.95 and 2014 non-GAAP adjusted operating margin to be in the range of 14.5% to 15.1%. For full year 2014 on a consolidated basis (inclusive of acquisitions), the company projects cash from operations between $170 million and $190 million, capital expenditures between $70 million and $85 million, an effective tax rate between 31.75% and 32.25% and diluted shares outstanding of approximately 51.0 million.

CLARCOR Inc. to Establish Innovation Center in Columbia

Tennessee Department of Economic and Community Development Commissioner Bill Hagerty along with CLARCOR Inc. officials announced the company will acquire a 62,250 square foot structure to create a global research and product development resource to be known as the CLARCOR Innovation Center. CLARCOR will invest in excess of $10 million and create 35 new jobs across its two Middle Tennessee locations over the next five years. CLARCOR will immediately begin renovation of a two-story commercial building at 2203 Oakland Parkway. The CLARCOR Innovation Center will include research laboratories, pilot and semi-works lines, a Center of Excellence for nanofiber production and a Learning Center to educate and showcase CLARCOR to customers, new employees and shareholders.

 

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Industry Analysis

CLC

Industry Average

Valuation CLC Industry Range
Price/Earnings 25.0x
Price/Sales 2.3x
Price/Book 2.8x
Price/Cash Flow 24.8x
TEV/Sales 1.9x
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