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Last $60.38 USD
Change Today +0.84 / 1.41%
Volume 136.4K
CLC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:33 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

clarcor inc (CLC) Snapshot

Open
$59.79
Previous Close
$59.54
Day High
$60.48
Day Low
$59.63
52 Week High
12/26/14 - $68.72
52 Week Low
07/28/15 - $57.34
Market Cap
3.0B
Average Volume 10 Days
231.6K
EPS TTM
$3.28
Shares Outstanding
50.1M
EX-Date
07/7/15
P/E TM
18.4x
Dividend
$0.80
Dividend Yield
1.33%
Current Stock Chart for CLARCOR INC (CLC)

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clarcor inc (CLC) Details

CLARCOR Inc. provides filtration products, filtration systems and services 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 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 (CLC) 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 (CLC) Key Developments

CLARCOR Inc. Adopts Second Amended and Restated By-Laws

On June 23, 2015, the Board of Directors of CLARCOR Inc., acting upon the recommendation of the Directors Affairs/Corporate Governance Committee of the company, adopted and approved the Second Amended and Restated By-Laws of the company effective immediately. The changes to the By-Laws are summarized as follows: Section 2.6 - Revised provisions with respect to making a shareholder list available to shareholders in connection with shareholders meetings to conform with applicable provisions of the Delaware General Corporation Law (the DGCL). Section 2.11 - Revised to modify or add certain provisions in connection with the nomination of directors by a shareholder proponent, including the revisions. Section 2.12 - Revised to modify or add certain provisions in connection with the proposal of business by a shareholder proponent, including the following revisions: Clarified that only business properly brought before a shareholders meeting in accordance with the By-Laws will be considered at the meeting, and that such business must otherwise be a proper matter for shareholder action. Distinguished the advance notice requirement in the By-Laws from the requirements of Rule 14a-8 promulgated under the Securities Exchange Act of 1934. Section 2.13 - Revised to modify or add the following provisions: Provided that information provided by a shareholder proponent in connection with director nominations or business to be proposed must be updated as of the record date and as of the date that is 10 business days prior the meeting. Section 2.14 - Revised to modify or add the following provisions: Clarified that the chairman of a shareholders meeting shall have the power to adjourn the meeting. Clarified that if a shareholder proponent (or a qualified representative) does not attend a shareholders meeting, the company may, if it elects, disregard the nomination of such proponent or not transact the business proposed by such proponent. Section 3.11(a) - Revised to provide that vacancies on committees of the Board of Directors will be filled by the Board of Directors rather than giving the committees the authority to fill vacancies under certain circumstances, as previously provided. Section 4.1 - Revised to clarify certain notice procedures set out in the By-Laws. Article V - Revised to clarify certain descriptions of the duties of the officers set out in the By-Laws. Section 9.4 - Added an exclusive forum provision to the By-Laws which provides that, unless the Company consents in writing to the selection of an alternative forum, and to the fullest extent permitted by law, the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Company, (b) any action asserting a claim of breach of a fiduciary duty owed by any current or former director, officer or other employee of the Company to the Company or the Company's current or former stockholders, (c) any action asserting a claim arising pursuant to any provision of the DGCL, or the Company's Certificate of incorporation or By-Laws, or (d) any action asserting a claim governed by the internal affairs doctrine, shall be the Court of Chancery of the State of Delaware (or, if the Court of Chancery does not have jurisdiction, another state court located within Delaware or, if no state court located within the State of Delaware has jurisdiction, the federal district court for the District of Delaware). Section 9.5 - Added a severability provision to the By-Laws. In addition, various technical and conforming changes were made to various sections of the By-Laws.

CLARCOR Inc. Declares Regular Quarterly Dividend, Payable on July 24, 2015

CLARCOR Inc.'s board of directors at its June board meeting declared a regular quarterly dividend of $0.20 per share of common stock. The dividend will be paid on July 24, 2015 to shareholders of record on July 9, 2015.

CLARCOR Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 30, 2015; Revises Earnings Guidance for the full Year 2015

CLARCOR Inc. announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2015. For the quarter, the company reported net sales of $399,799,000 against $386,642,000 a year ago. Operating profit was $58,943,000 against $51,147,000 a year ago. Earnings before income taxes were $57,055,000 against $50,747,000 a year ago. Net earnings attributable to company were $38,497,000 or $0.77 per diluted share against $34,552,000 or $0.68 per diluted share a year ago. Adjusted operating profit was $58.9 million against $58.5 million a year ago. Adjusted net earnings attributable to company were $38.5 million or $0.76 per diluted share against $38.9 million or $0.76 per diluted share a year ago. For the six months, the company reported net sales of $750,922,000 against $699,327,000 a year ago. Operating profit was $98,136,000 against $82,413,000 a year ago. Earnings before income taxes were $95,202,000 against $85,691,000 a year ago. Net earnings attributable to company were $65,206,000 or $1.28 per diluted share against $58,873,000 or $1.16 per diluted share a year ago. Net cash provided by operating activities was $67,230,000 against $42,750,000 a year ago. Additions to plant assets were $54,606,000 against $624,863,000 a year ago. Adjusted operating profit was $98.1 million against $95.7 million a year ago. Adjusted net earnings attributable to company were $65.2 million or $1.28 per diluted share against $65.4 million or $1.28 per diluted share a year ago. The company revised guidance for 2015, earnings per share from prior estimate of $3.15 to $3.35 to current estimate of $3.00 to $3.15. These revised expected 2015 results are based upon projected consolidated net sales between $1,590 million and $1,620 million and consolidated operating margin between 14.2% and 15.3%. Reduced estimated 2015 net sales for this reporting segment by approximately $30.0 million in comparison to prior full year 2015 estimate.

 

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Industry Analysis

CLC

Industry Average

Valuation CLC Industry Range
Price/Earnings 20.0x
Price/Sales 1.9x
Price/Book 2.6x
Price/Cash Flow 19.8x
TEV/Sales 1.6x
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