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CLARCOR Reported Mixed Quarterly Results

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CLARCOR’s price movement

CLARCOR (CLC) has a market cap of $2.79 billion. Its YTD (year-to-date) performance was going down. After the 3Q15 earnings report, it rose by 0.58% to close at $55.64 per share. The price movement on a weekly basis is 0.40%. However, on a monthly and YTD basis it’s on the negative side with -7.74% and -15.98%. Its price movement is 1.02% on a trailing five-day basis.

Technically, it has broken support. Now, it’s trading below the three major moving average benchmarks. Currently, it’s trading at -0.16% below the 20-day moving average, -4.40% below the 50-day moving average, and -18.28% below the 200-day moving average.

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The VanEck Vectors Environmental Services ETF (EVX) invests 3.37% of its holdings in CLARCOR. The ETF tracks a tiered equal-weighted index of companies that stand to benefit from increased demand for waste management. The YTD price movement of EVX is -10.18%. The iShares Morningstar Small Core ETF (JKJ) invests 0.65% of its holdings in CLARCOR.

CLARCOR’s competitors and their market caps are:

  • Donaldson Company (DCI) – $4.16 billion
  • Entegris (ENTG) – $1.93 billion
  • Cummins (CMI) – $21.75 billion
  • ESCO Technologies (ESE) – $941.91 million

CLARCOR’ performance in 3Q15

According to CLARCOR’s 3Q15 earnings report, the net revenue was reported of $357.557 million in 3Q15—a fall of 10.56% on a quarterly basis. The company reported net income and EPS (earnings per share) of $36.509 million and $0.73 per share in 3Q15.

The cash and cash equivalents rose by 37% with a fall in accounts receivables and inventories by 7.10% and 4.60%. The debt-to-equity ratio fell by 5.70% in 3Q15.

On June 24, 2015, the company announced a quarterly dividend of $0.20 per share of common stock. On June 29, 2015, the company sold its packaging subsidiary J.L. Clark to CC Industries (CCI)—an affiliate of Chicago-based Henry Crown and Company.

About CLARCOR 

CLARCOR  is the most diverse filter company. Its filters clean the air, water, and liquids used in engines including trucks, airplanes, and locomotives. The company filters the air and fluids used in manufacturing plants to decrease pollution, remove odors, reduce energy requirements, and improve efficiency. The company markets and manufactures mobile, industrial, and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.

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