CLARCOR Inc. (CLC) Earnings: An Early Look – General Electric Company (GE), 3M Co (MMM)

Clarcor’s brightest spot is almost certainly its energy-filtration segment, which has shown huge capacity for growth. With so much energy-production activity going on, the filters Clarcor makes have seen greater demand, with sales rising 7% in 2012 compared to the previous year. 3M Co (NYSE:MMM)‘s decision to buy Ceradyne was motivated in part by its expectations of growth in its ceramic filter sales to the energy industry. General Electric Company (NYSE:GE) has also incorporated energy-related filtration into its larger-scale push into energy services, complementing its air filtration systems. The presence of these giants shows just how much competition Clarcor faces in the space, but the growth prospects are worth the challenge.

In CLARCOR Inc. (NYSE:CLC)’s quarterly report, look for more information about the company’s decision to invest $40 million in a new distribution center to support its aftermarket engine filter business. Although the facility won’t be up and running until 2015, the decision indicates Clarcor’s optimism about its future business.

The article Clarcor Earnings: An Early Look originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends 3M. The Motley Fool owns shares of General Electric

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