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
  Financial Highlights (Dollars in thousands except share data)
2009 2008 % Change
   
Net Sales $   907,748 $    1,059,601 -14.3 %
Operating Profit 105,733 151,923 -30.4 %
Net Earnings 71543.2 95,654 -25.2 %
Percent of Net Sales 7.9 % 9.0 %  
Percent of Beginning
Shareholders' Equity
11.0 % 17.2 %  
Basic Earnings per Share 1.41 1.88   .25.0 %
Diluted Earnings per Average Share 1.40 1.86 -24.7 %
Cash Dividends Paid per Share 0.3675 0.3300 11.4
Working Capital 316,586 289,068 9.5 %
Total Debt (Current and Long-term) 52,195 83,950 -37.8 %
Shareholders' Equity 686,619 651,759 5.3 %
Per Share at Year-End 13.63 12.83 6.2 %
Debt as Percent of Total Capital 7.1 % 11.4
%
 
 
Shares Outstanding at Year-End 50,392,571 50,794,422 -0.8 %
Employees at Year-End 4,958 5,498 -9.8 %