Industrial filtration is one of those "stealth growth" markets that gets little attention, but offers investors a good play on diverse themes like pollution control, energy efficiency and OEM equipment growth. Recently, though, it has started to look as though this sector has some issues to resolve. Like Donaldson (NYSE:DCI), Clarcor (NYSE:CLC) is not looking at a disastrous operating environment, but it looks like investors have to lower their expectations a little for the time being.
Disappointing Third Quarter Results
Bucking the "beat and raise" trend that is still prevalent in the industrial sector, Clarcor actually missed its estimates for the quarter. Sales rose 8%, with double-digit growth in the industrial/environmental segment and solid results in engine/mobile filtration offsetting a decline in the packaging business.
To read the full piece, click below:
http://stocks.investopedia.com/stock-analysis/2011/Clarcors-Growth-Story-A-Little-Gummed-Up-CLC-DCI-CMI-HON-CYD-PH-CAT0915.aspx
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