Despite the increase in net sales, operating profit at our Industrial/Environmental Filtration segment declined 10%, or $1.0 million, primarily due to a 0.9 percentage point reduction in operating margin from the first quarter of 2012. Operating margin in this reporting segment was impacted by a higher mix of natural gas vessels as opposed to higher margin natural gas aftermarket elements and lower operational performance at TransWeb compared with last year’s first quarter.Packaging Segment
CLARCOR Reports Record First Quarter Diluted Earnings Per Share
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