Clarcor Q4 Profit Tops Estimate, Revenue Misses; FY OUtlook Weak

(RTTNews) - Air filter maker Clarcor Inc (CLC) on Wednesday reported fourth-quarter net earnings of $43.5 million or $0.86 per share compared with $32.9 million or $0.65 per share last year.

Revenues for the quarter were up 39% at $413.4 million compared with $297.8 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.85 per share on revenues of $416 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects earnings of $3.15 to $3.35 per share on revenues of $1.62 billion to $1.65 billion. Analysts expect earnings of $3.33 per share on revenues of $1.65 billion.

Clarcor said changes in foreign currency exchange rates are expected to negatively impact 2015 sales by about $30 million earnings per share by about $0.05.

CLC closed Wednesday at $61.45, down $0.18 or 0.29%, on a volume of 433k shares on the NYSE. In after hours, the stock dropped $1.45 or 2.36%.