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clarcor inc (CKQ) Snapshot

Open
€59.06
Previous Close
€59.06
Day High
€59.06
Day Low
€59.06
52 Week High
02/20/15 - €59.59
52 Week Low
04/11/14 - €39.45
Market Cap
3.0B
Average Volume 10 Days
20.0
EPS TTM
--
Shares Outstanding
50.2M
EX-Date
12/30/14
P/E TM
--
Dividend
€0.73
Dividend Yield
0.97%
Current Stock Chart for CLARCOR INC (CKQ)

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clarcor inc (CKQ) Details

CLARCOR Inc. provides filtration products, filtration systems and services, and packaging products worldwide. Its Engine/Mobile Filtration segment offers filtration systems; and oil, air, fuel, coolant, transmission, and hydraulic filters for use in trucks, agricultural machinery, construction and mining equipment, power generation, marine, automobiles, transit buses, locomotives, and other industrial and specialty applications. The company’s Industrial/Environmental Filtration segment offers 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. It also offers air filters and systems for use in gas turbine power generation systems, heavy industrial manufacturing processes, thermal power plants, commercial buildings, hospitals, general factories, residential buildings, residences, paint spray booths, medical devices and facilities, motor vehicle systems, aircraft cabins, clean rooms, compressors, and compressor stations. The company’s 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 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, original equipment manufacturers and dealers, 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.

6,015 Employees
Last Reported Date: 01/26/15
Founded in 1904

clarcor inc (CKQ) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $689.6K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $394.8K
Group President of CLARCOR Engine Mobile
Total Annual Compensation: $400.8K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $322.4K
Chief Administrative Officer and Vice Preside...
Total Annual Compensation: $265.1K
Compensation as of Fiscal Year 2014.

clarcor inc (CKQ) Key Developments

CLARCOR Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 29, 2014; Provides Earnings Guidance Fiscal First Quarter and Full Year 2015

CLARCOR Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended November 29, 2014. For the quarter, GAAP and non-GAAP net sales were $413.4 million against $297.8 million last year. Operating profit was $65.8 million against $49.4 million last year. Earnings before income taxes were $65.2 million against $49.1 million last year. Net earnings attributable to CLARCOR Inc. were $43.5 million or $0.87 per basic share and $0.86 per diluted share against $32.9 million or $0.65 per basic and diluted share last year. Non-GAAP operating profit was $65.8 million against $52.2 million last year. Non-GAAP net earnings attributable to CLARCOR Inc. were $43.5 million or $0.86 per diluted share against $34.7 million or $0.69 per diluted share last year. Net sales increased $115.6 million, or 39%, from last year’s fourth quarter, primarily driven by $88.0 million of additional sales from three acquisitions completed in fiscal year 2014. Much of the earnings growth is attributable to three fiscal year 2014 acquisitions. For the year, GAAP and non-GAAP net sales were $1,512.9 million against $1,130.8 million last year. GAAP operating profit was $210.4 million against $174.6 million last year. GAAP earnings before income taxes were $211.6 million against $174.3 million last year. GAAP net earnings attributable to CLARCOR Inc. were $144.1 million or $2.86 per basic share and $2.83 per diluted share against $118.1 million or $2.36 per basic share and $2.34 per diluted share last year. Net cash provided by operating activities was $156.3 million against $135.2 million last year. Additions to plant assets were $69.7 million against $44.7 million last year. Non-GAAP operating profit was $224.3 million against $185.1 million last year. Non-GAAP earnings before income taxes were $222.6 million against $184.8 million last year. Non-GAAP net earnings attributable to CLARCOR Inc. were $151.1 million or $3.00 per basic share and $2.97 per diluted share against $124.9 million or $2.50 per basic share and $2.47 per diluted share last year. The company announced fiscal 2015 guidance for consolidated diluted earnings per share of $3.15 to $3.35. These expected fiscal 2015 results are based upon projected consolidated net sales between $1,620 million and $1,650 million and consolidated operating margin between 14.8% and 15.7%. This guidance assumes full year average fiscal 2015 foreign currency exchange rates consistent with current spot exchange rates. Accordingly, the company anticipates year-over-year changes in foreign currency exchange rates to negatively impact projected fiscal 2015 consolidated sales by approximately $30 million, or 2%, and projected fiscal 2015 consolidated diluted earnings per share by approximately $0.05. Estimated sales growth is between 7.0% and 9.0%. At the mid-point of 15.25%, the company expects fiscal 2015 consolidated operating margin to expand approximately 45 basis points from the full year of 2014 non-GAAP adjusted operating margin of 14.8%. The company estimates that 30 basis points of this improvement would be from the full year inclusion of sales and operating profit pursuant to the Stanadyne Filtration acquisition and 15 basis points would be driven primarily from a reduction in selling and administrative expenses as a percentage of net sales in comparison to 2014 non-GAAP adjusted selling and administrative expenses - despite estimated incremental expense of $4.0 million to $5.0 million pursuant to the further development of information technology infrastructure and ERP implementation. The company projects fiscal 2015 cash from operations to be between $190 million and $210 million, capital expenditures to be between $75 million and $95 million and effective tax rate to be between 31.25% and 31.75%. The company expects fiscal 2015 interest expense to be between $6.5 million and $7.5 million and assume 51.0 million average diluted shares outstanding. The company projects 2015 capex to be between $75 million and $95 million. The company anticipates first quarter 2015 diluted earnings per share to be approximately 10% to 15% higher than non-GAAP adjusted earnings per share of $0.46 from the first quarter of 2014. The company expects sales, operating margin and diluted earnings per share all to improve sequentially each quarter as the company progress through 2015.

CLARCOR Inc. Mulls Acquisition

CLARCOR Inc. (NYSE:CLC) is seeking acquisition. Chris Conway, CLARCOR's Chairman, President and Chief Executive Officer, said “Going-forward, we anticipate continuing our opportunistic acquisition strategy, as evidenced by our first quarter 2015 acquisition of Filter Resources which we believe will significantly augment our access to oil & gas filtration at domestic refineries and petrochemical facilities.”

CLARCOR Inc. to Report Q4, 2014 Results on Jan 14, 2015

CLARCOR Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 14, 2015

 

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Industry Analysis

CKQ

Industry Average

Valuation CKQ Industry Range
Price/Earnings 23.7x
Price/Sales 2.2x
Price/Book 3.0x
Price/Cash Flow 23.4x
TEV/Sales 1.9x
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