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March 20, 2014
05:31 EDTCLCClarcor reports Q1 EPS 48c, consensus 41c
Reports Q1 revenue $312.7M, consensus $317.45M. Q1 EPS were positively impacted by 6c due to a $2.8M bargain purchase gain—included in other income—recognized from the acquisition of Bekaert Advanced Filtration and negatively impacted by 2c from a $1.3M restructuring charge related to the company’s HVAC air filtration business. Chris Conway, CLARCOR’s chairman, president and CEO, commented, “Our Q1 results were influenced by several items which make the comparison to our prior year results somewhat challenging, including the impact of the two acquisitions we completed in Q1, certain costs and benefits associated with these acquisitions and restructuring charges at our HVAC air filtration business. When the impact of the two Q1 acquisitions and the HVAC restructuring charges are removed from our financial results, net sales increased approximately 3%, operating profit increased slightly and operating margin declined slightly from 1Q13."
News For CLC From The Last 14 Days
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February 3, 2016
10:22 EDTCLCClarcor management to meet with BB&T
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February 1, 2016
09:13 EDTCLCClarcor acquires assets of TDC Filter for approximately $11M
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09:12 EDTCLCMFRI, Inc. exiting filtration segment, to focus on piping businesses
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