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CLARCOR INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 10-K, filed Jan 27, 2017. Its latest SEC filing is a SC 13G/A from Feb 14, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells filtration products and systems for vehicle and industrial equipment makers, distributors and end users.

How Did They Make Money?

Customers pay when product ownership and risk of loss pass to them, or after services are completed. For qualifying custom-made contracts, the company bills as work progresses.

FY2016 revenue

Who Were Their Customers?

Filtration products are sold through independent distributors, equipment makers and their dealer networks, and retail stores, as well as directly to fleet operators, manufacturers, contractors and large national accounts.

Did Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2016 and turned 18 cents into free cash flow.

Operating income, FY2016
13% of revenue
▼ −9% vs FY2015 ($197.9M, 13%)
Net income, FY2016
10% of revenue
▲ +3% vs FY2015 ($134.7M, 9%)
Free cash flow, FY2016
18% of revenue
▲ +185% vs FY2015 ($89.2M, 6%)

How Were They Changing?

Since the FY2016 annual report
  • Feb 28, 2017 Parker completed its acquisition of CLARCOR CLARCOR became Parker's wholly owned subsidiary, and its shares were converted into cash.

Grew. Revenue grew 24% in 4 years, from $1.1B in FY2012 to $1.4B in FY2016, about 5% a year.

Packaging business sold The earlier report includes a packaging business, while the latest report describes filtration as the company's two principal segments after the sale of J.L. Clark.

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