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For 100 years, through both good times and bad, CLARCOR
has focused on profitable growth markets with above-average
opportunities and on continual improvement in each of our
businesses. This is our core strategy. It was put in place
many years ago and is still the foundation of CLARCOR. We
believe there is tremendous value in consistency – both
in strategy and in execution. These principles guide our
company today as they have in the past
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|
Financial Highlights (Dollars
in thousands except share data)
|
2008 |
2007 |
% Change |
| |
|
|
|
|
|
|
| Net Sales |
$
1,059,601 |
$
921,191 |
|
15.0 |
% |
| Operating Profit |
151,923 |
129,814 |
|
17.0 |
% |
| Net Earnings |
95,654 |
90,659 |
|
5.5 |
% |
|
Percent of Net Sales |
9.0 |
% |
9.8 |
% |
|
|
Percent of Beginning
Shareholders' Equity |
17.2 |
% |
16.9 |
% |
|
|
| Basic Earnings per Share |
1.88 |
1.80 |
|
4.4 |
% |
| Diluted Earnings per Average Share |
1.86 |
1.78 |
|
4.5 |
% |
| Cash Dividends Paid per Share |
0.3300 |
0.2975 |
|
10.9 |
|
| Working Capital |
289,068 |
257,749 |
|
12.2 |
% |
| Total Debt (Current and Long-term) |
83,950 |
17,423 |
|
381.8 |
% |
| Shareholders' Equity |
651,759 |
555,730 |
|
17.3 |
% |
| Per Share
at Year-End |
12.83 |
11.29 |
|
13.6 |
% |
| Debt as Percent of Total Capital |
11.4 |
% |
3.0 |
%
|
|
|
|
|
|
|
|
|
|
| Shares Outstanding at Year-End |
50,794,422 |
49,219,822 |
|
3.2 |
% |
| Employees at Year-End |
5,498 |
5,160 |
|
6.6 |
% |
|