CLARCOR Reports Record Second Quarter 2008 Results

CLARCOR Inc. (NYSE: CLC): Unaudited Fiscal Second Quarter and Six Months 2008 Highlights (Amounts in thousands, except per share data and percentages) Second Quarter and Six Months 2008 Operating Review CLARCOR Inc. (NYSE: CLC) reported today that second quarter 2008 net earnings increased by 18% and diluted earnings per share increased by 17% compared to the same quarter in 2007. Sales for the second quarter of 2008 increased by 14% and operating profit increased by 19% compared to the same period in 2007. Operating margins improved to 14.0% for the 2008 second quarter compared to 13.4% in last year’s second quarter. Norm Johnson, CLARCOR’s Chairman and Chief Executive Officer, said, “Overall, our second quarter 2008 results were very good, though certain product markets and geographies were better than others. It is clear... [read full story]