|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               | Three Months Ended | Full Year Ended |
|               | 11/29/14 |  | 11/30/13 |  | Change |  | 11/29/14 |  | 11/30/13 |  | Change |  |
| Net sales          | $ | 413.4 |  | $ | 297.8 |  | 39 | % | $ | 1,512.9 |  | $ | 1,130.8 |  | 34 | % |
| Operating profit   | 65.8 |  | 49.4 |  | 33 | % | 210.4 |  | 174.6 |  | 21 | % |
| Net earnings - CLC | 43.5 |  | 32.9 |  | 32 | % | 144.1 |  | 118.1 |  | 22 | % |
| Diluted EPS        | $ | 0.86 |  | $ | 0.65 |  | 32 | % | $ | 2.83 |  | $ | 2.34 |  | 21 | % |
| Operating margin   | 15.9 | % | 16.6 | % | -0.7 pts |  | 13.9 | % | 15.4 | % | -1.5 pts |  |

|                             |
|-----------------------------|
|                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                        | Three Months Ended | Full Year Ended |
|                        | 11/29/14 |  | 11/30/13 |  | Change |  | 11/29/14 |  | 11/30/13 |  | Change |
| Net sales                   | $ | 413.4 |  | $ | 297.8 |  | 39 | % | $ | 1,512.9 |  | $ | 1,130.8 |  | 34% |
| Adjusted operating profit   | 65.8 |  | 52.2 |  | 26 | % | 224.3 |  | 185.1 |  | 21% |
| Adjusted net earnings - CLC | 43.5 |  | 34.7 |  | 25 | % | 151.0 |  | 124.9 |  | 21% |
| Adjusted diluted EPS        | $ | 0.86 |  | $ | 0.69 |  | 25 | % | $ | 2.97 |  | $ | 2.47 |  | 20% |
| Adjusted operating margin   | 15.9% |  | 17.5% |  | -1.6 pts |  | 14.8% |  | 16.4% |  | -1.6 pts |

----

----

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |
|                                | 2015 Estimated Sales Growth |   | 2015 Estimated Operating Margin |
|                                |   |   |   |
| Engine/Mobile Filtration            | 12.0% to 14.0% |   | 20.5% to 21.5% |
| Industrial/Environmental Filtration | 4.0% to 6.0% |   | 11.0% to 12.0% |
| Packaging                           | 2.0% to 4.0% |   | 6.0% to 9.0% |
| CLARCOR                             | 7.0% to 9.0% |   | 14.8% to 15.7% |

----

----

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                             | Quarter Ended |   | Twelve Months Ended |
|                                                             | November 29, 2014 |   | November 30, 2013 |   | November 29, 2014 |   | November 30, 2013 |
| Net sales                                                        | $ | 413,375 |  |   | $ | 297,790 |  |   | $ | 1,512,854 |  |   | $ | 1,130,770 |  |
| Cost of sales                                                    | 273,622 |  |   | 199,181 |  |   | 1,015,819 |  |   | 760,561 |  |
|                                                             |   |   |   |   |   |   |   |
| Gross profit                                                     | 139,753 |  |   | 98,609 |  |   | 497,035 |  |   | 370,209 |  |
|                                                             |   |   |   |   |   |   |   |
| Selling and administrative expenses                              | 73,964 |  |   | 49,194 |  |   | 286,607 |  |   | 195,593 |  |
|                                                             |   |   |   |   |   |   |   |
| Operating profit                                                 | 65,789 |  |   | 49,415 |  |   | 210,428 |  |   | 174,616 |  |
|                                                             |   |   |   |   |   |   |   |
| Other income (expense):                                          |   |   |   |   |   |   |   |
| Interest expense                                                 | (1,294 | ) |   | (164 | ) |   | (3,700 | ) |   | (615 | ) |
| Interest income                                                  | 116 |  |   | 162 |  |   | 420 |  |   | 690 |  |
| Other, net                                                       | 549 |  |   | (321 | ) |   | 4,415 |  |   | (391 | ) |
|                                                             | (629 | ) |   | (323 | ) |   | 1,135 |  |   | (316 | ) |
|                                                             |   |   |   |   |   |   |   |
| Earnings before income taxes                                     | 65,160 |  |   | 49,092 |  |   | 211,563 |  |   | 174,300 |  |
|                                                             |   |   |   |   |   |   |   |
| Provision for income taxes                                       | 21,629 |  |   | 16,196 |  |   | 67,380 |  |   | 55,950 |  |
|                                                             |   |   |   |   |   |   |   |
| Net earnings                                                     | 43,531 |  |   | 32,896 |  |   | 144,183 |  |   | 118,350 |  |
|                                                             |   |   |   |   |   |   |   |
| Net earnings attributable tononcontrolling interests, net of tax | (23 | ) |   | (40 | ) |   | (99 | ) |   | (274 | ) |
|                                                             |   |   |   |   |   |   |   |
| Net earnings attributable to CLARCOR Inc.                        | $ | 43,508 |  |   | $ | 32,856 |  |   | $ | 144,084 |  |   | $ | 118,076 |  |
|                                                             |   |   |   |   |   |   |   |
| Net earnings per share attributable to CLARCOR Inc. - Basic      | $ | 0.87 |  |   | $ | 0.65 |  |   | $ | 2.86 |  |   | $ | 2.36 |  |
| Net earnings per share attributable to CLARCOR Inc. - Diluted    | $ | 0.86 |  |   | $ | 0.65 |  |   | $ | 2.83 |  |   | $ | 2.34 |  |
|                                                             |   |   |   |   |   |   |   |
| Weighted average number of shares outstanding - Basic            | 50,249,889 |  |   | 50,200,491 |  |   | 50,405,549 |  |   | 49,988,577 |  |
| Weighted average number of shares outstanding - Diluted          | 50,732,090 |  |   | 50,712,641 |  |   | 50,871,249 |  |   | 50,538,947 |  |
|                                                             |   |   |   |   |   |   |   |
| Dividends paid per share                                         | $ | 0.2000 |  |   | $ | 0.1700 |  |   | $ | 0.7100 |  |   | $ | 0.5750 |  |

----

|                                                                                             |
|---------------------------------------------------------------------------------------------|
|                                                                                             |  |  |  |  |  |  |  |
|                                                                                        | November 29, 2014 |   | November 30, 2013 |
| ASSETS                                                                                      |   |   |   |
| Current assets:                                                                             |   |   |   |
| Cash and cash equivalents                                                                   | $ | 94,064 |  |   | $ | 411,562 |  |
| Restricted cash                                                                             | — |  |   | 763 |  |
| Accounts receivable, less allowance for losses of $10,811 and $9,183, respectively          | 305,580 |  |   | 224,829 |  |
| Inventories                                                                                 | 274,718 |  |   | 218,786 |  |
| Deferred income taxes                                                                       | 37,749 |  |   | 25,313 |  |
| Income taxes receivable                                                                     | — |  |   | 1,000 |  |
| Prepaid expenses and other current assets                                                   | 16,796 |  |   | 9,868 |  |
| Total current assets                                                                        | 728,907 |  |   | 892,121 |  |
|                                                                                        |   |   |   |
| Plant assets, at cost, less accumulated depreciation of $357,564 and $332,787, respectively | 288,356 |  |   | 208,953 |  |
| Goodwill                                                                                    | 507,172 |  |   | 241,299 |  |
| Acquired intangible assets, less accumulated amortization                                   | 347,578 |  |   | 89,881 |  |
| Other noncurrent assets                                                                     | 16,756 |  |   | 16,589 |  |
| Total assets                                                                                | $ | 1,888,769 |  |   | $ | 1,448,843 |  |
| LIABILITIES                                                                                 |   |  |   |   |  |
| Current liabilities:                                                                        |   |  |   |   |  |
| Current portion of long-term debt                                                           | $ | 233 |  |   | $ | 50,223 |  |
| Accounts payable                                                                            | 97,885 |  |   | 79,164 |  |
| Accrued liabilities                                                                         | 120,036 |  |   | 78,374 |  |
| Income taxes payable                                                                        | 6,226 |  |   | — |  |
| Total current liabilities                                                                   | 224,380 |  |   | 207,761 |  |
|                                                                                        |   |   |   |
| Long-term debt, less current portion                                                        | 411,330 |  |   | 116,413 |  |
| Long-term pension and postretirement healthcare benefits liabilities                        | 33,266 |  |   | 19,792 |  |
| Deferred income taxes                                                                       | 104,250 |  |   | 64,415 |  |
| Other long-term liabilities                                                                 | 8,853 |  |   | 5,753 |  |
| Total liabilities                                                                           | 782,079 |  |   | 414,134 |  |
|                                                                                        |   |   |   |
| Contingencies                                                                               |   |   |   |
| Redeemable noncontrolling interests                                                         | 1,587 |  |   | 1,836 |  |
| SHAREHOLDERS' EQUITY                                                                        |   |  |   |   |  |
| Capital stock                                                                               | 50,204 |  |   | 50,371 |  |
| Capital in excess of par value                                                              | 10,644 |  |   | 22,278 |  |
| Accumulated other comprehensive loss                                                        | (54,080 | ) |   | (29,814 | ) |
| Retained earnings                                                                           | 1,097,292 |  |   | 989,013 |  |
| Total CLARCOR Inc. equity                                                                   | 1,104,060 |  |   | 1,031,848 |  |
| Noncontrolling interests                                                                    | 1,043 |  |   | 1,025 |  |
| Total shareholders' equity                                                                  | 1,105,103 |  |   | 1,032,873 |  |
| Total liabilities and shareholders' equity                                                  | $ | 1,888,769 |  |   | $ | 1,448,843 |  |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |
|                                                                                | Twelve Months Ended |
|                                                                                | November 29, 2014 |   | November 30, 2013 |
| Cash flows from operating activities:                                               |   |   |   |
| Net earnings                                                                        | $ | 144,183 |  |   | $ | 118,350 |  |
| Depreciation                                                                        | 30,065 |  |   | 26,329 |  |
| Amortization                                                                        | 20,362 |  |   | 5,904 |  |
| Other noncash items                                                                 | 995 |  |   | 1,754 |  |
| Net loss on disposition of plant assets                                             | 67 |  |   | 3,862 |  |
| Bargain purchase gain                                                               | (2,815 | ) |   | — |  |
| Stock-based compensation expense                                                    | 7,278 |  |   | 5,060 |  |
| Excess tax benefit from stock-based compensation                                    | (2,769 | ) |   | (8,528 | ) |
| Deferred income taxes                                                               | 911 |  |   | 1,216 |  |
| Changes in assets and liabilities, net of business acquisitions                     | (41,931 | ) |   | (18,706 | ) |
| Net cash provided by operating activities                                           | 156,346 |  |   | 135,241 |  |
|                                                                                |   |   |   |
| Cash flows from investing activities:                                               |   |  |   |   |  |
| Restricted cash                                                                     | 1,339 |  |   | (197 | ) |
| Business acquisitions, net of cash acquired                                         | (595,328 | ) |   | — |  |
| Additions to plant assets                                                           | (69,681 | ) |   | (44,651 | ) |
| Proceeds from disposition of plant assets                                           | 491 |  |   | 3,373 |  |
| Investment in affiliates                                                            | (1,073 | ) |   | (615 | ) |
| Net cash used in investing activities                                               | (664,252 | ) |   | (42,090 | ) |
|                                                                                |   |   |   |
| Cash flows from financing activities:                                               |   |  |   |   |  |
| Net (payments) borrowings under multicurrency revolving credit agreement            | (50,000 | ) |   | 50,000 |  |
| Borrowings under term loan facility                                                 | 315,000 |  |   | 100,000 |  |
| Payments on term loan facility                                                      | (20,000 | ) |   | — |  |
| Payments on long-term debt, including business acquisition-related seller financing | (1,620 | ) |   | (4,037 | ) |
| Payments of financing costs                                                         | (752 | ) |   | (298 | ) |
| Sale of capital stock under stock option and employee purchase plans                | 12,076 |  |   | 35,047 |  |
| Payments for repurchase of common stock                                             | (32,822 | ) |   | (27,708 | ) |
| Excess tax benefit from stock-based compensation                                    | 2,769 |  |   | 8,528 |  |
| Dividend paid to noncontrolling interests                                           | (166 | ) |   | (206 | ) |
| Cash dividends paid                                                                 | (35,805 | ) |   | (28,744 | ) |
| Net cash provided by financing activities                                           | 188,680 |  |   | 132,582 |  |
| Net effect of exchange rate changes on cash                                         | 1,728 |  |   | 333 |  |
| Net change in cash and cash equivalents                                             | (317,498 | ) |   | 226,066 |  |
| Cash and cash equivalents, beginning of period                                      | 411,562 |  |   | 185,496 |  |
| Cash and cash equivalents, end of period                                            | $ | 94,064 |  |   | $ | 411,562 |  |
|                                                                                |   |   |   |
| Cash paid during the period for:                                                    |   |   |   |
| Interest                                                                            | $ | 3,028 |  |   | $ | 374 |  |
| Income taxes, net of refunds                                                        | $ | 67,534 |  |   | $ | 42,602 |  |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | 2014 |
|                                | Quarter EndedMarch 1 |   | Quarter Ended May 31 |   | Quarter EndedAugust 30 |   | Quarter EndedNovember 29 |   | Twelve Months |
| Net sales by segment:               |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | $ | 122,497 |  |   | $ | 148,398 |  |   | $ | 165,910 |  |   | $ | 167,000 |  |   | $ | 603,805 |  |
| Industrial/Environmental Filtration | 174,863 |  |   | 219,592 |  |   | 213,752 |  |   | 224,893 |  |   | 833,100 |  |
| Packaging                           | 15,325 |  |   | 18,652 |  |   | 20,490 |  |   | 21,482 |  |   | 75,949 |  |
|                                | $ | 312,685 |  |   | $ | 386,642 |  |   | $ | 400,152 |  |   | $ | 413,375 |  |   | $ | 1,512,854 |  |
|                                |   |   |   |   |   |   |   |   |   |
| Operating profit by segment:        |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | $ | 22,874 |  |   | $ | 26,972 |  |   | $ | 36,741 |  |   | $ | 35,778 |  |   | $ | 122,365 |  |
| Industrial/Environmental Filtration | 8,146 |  |   | 23,005 |  |   | 23,873 |  |   | 28,327 |  |   | 83,351 |  |
| Packaging                           | 246 |  |   | 1,170 |  |   | 1,612 |  |   | 1,684 |  |   | 4,712 |  |
|                                | $ | 31,266 |  |   | $ | 51,147 |  |   | $ | 62,226 |  |   | $ | 65,789 |  |   | $ | 210,428 |  |
|                                |   |   |   |   |   |   |   |   |   |
| Operating margin by segment:        |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | 18.7 | % |   | 18.2 | % |   | 22.1 | % |   | 21.4 | % |   | 20.3 | % |
| Industrial/Environmental Filtration | 4.7 | % |   | 10.5 | % |   | 11.2 | % |   | 12.6 | % |   | 10.0 | % |
| Packaging                           | 1.6 | % |   | 6.3 | % |   | 7.9 | % |   | 7.8 | % |   | 6.2 | % |
|                                | 10.0 | % |   | 13.2 | % |   | 15.6 | % |   | 15.9 | % |   | 13.9 | % |
|                                |   |   |   |   |   |   |   |   |   |
|                                |   |   |   |   |   |   |   |   |   |
|                                | 2013 |
|                                | Quarter EndedMarch 2 |   | Quarter Ended June 1 |   | Quarter EndedAugust 31 |   | Quarter EndedNovember 30 |   | Twelve Months |
| Net sales by segment:               |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | $ | 117,675 |  |   | $ | 132,372 |  |   | $ | 129,148 |  |   | $ | 127,829 |  |   | $ | 507,024 |  |
| Industrial/Environmental Filtration | 122,626 |  |   | 136,660 |  |   | 139,659 |  |   | 150,801 |  |   | 549,746 |  |
| Packaging                           | 15,970 |  |   | 18,551 |  |   | 20,319 |  |   | 19,160 |  |   | 74,000 |  |
|                                | $ | 256,271 |  |   | $ | 287,583 |  |   | $ | 289,126 |  |   | $ | 297,790 |  |   | $ | 1,130,770 |  |
|                                |   |   |   |   |   |   |   |   |   |
| Operating profit by segment:        |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | $ | 23,449 |  |   | $ | 29,096 |  |   | $ | 28,611 |  |   | $ | 25,189 |  |   | $ | 106,345 |  |
| Industrial/Environmental Filtration | 9,678 |  |   | 18,411 |  |   | 11,315 |  |   | 22,592 |  |   | 61,996 |  |
| Packaging                           | 688 |  |   | 1,894 |  |   | 2,059 |  |   | 1,634 |  |   | 6,275 |  |
|                                | $ | 33,815 |  |   | $ | 49,401 |  |   | $ | 41,985 |  |   | $ | 49,415 |  |   | $ | 174,616 |  |
|                                |   |   |   |   |   |   |   |   |   |
| Operating margin by segment:        |   |   |   |   |   |   |   |   |   |
| Engine/Mobile Filtration            | 19.9 | % |   | 22.0 | % |   | 22.2 | % |   | 19.7 | % |   | 21.0 | % |
| Industrial/Environmental Filtration | 7.9 | % |   | 13.5 | % |   | 8.1 | % |   | 15.0 | % |   | 11.3 | % |
| Packaging                           | 4.3 | % |   | 10.2 | % |   | 10.1 | % |   | 8.5 | % |   | 8.5 | % |
|                                | 13.2 | % |   | 17.2 | % |   | 14.5 | % |   | 16.6 | % |   | 15.4 | % |
|                                |   |   |   |   |   |   |   |   |   |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |
| (Dollars in thousands, except per share data)                      |   | Fourth Quarter 2013              GAAP |   | Acquisition Related    Costs |   | Fourth Quarter 2013 Non-GAAP Adjusted |
|                                                               |   |   |   |   |   |   |
| Net sales                                                          |   | $ | 297,790 |  |   | $ | — |  |   | $ | 297,790 |  |
| Cost of sales                                                      |   | 199,181 |  |   | — |  |   | 199,181 |  |
| Gross profit                                                       |   | 98,609 |  |   | — |  |   | 98,609 |  |
| Selling and administrative expenses                                |   | 49,194 |  |   | (2,736 | ) |   | 46,458 |  |
| Operating profit                                                   |   | 49,415 |  |   | 2,736 |  |   | 52,151 |  |
| Other income (expense):                                            |   |   |   |   |   |   |
| Interest expense                                                   |   | (164 | ) |   | — |  |   | (164 | ) |
| Interest income                                                    |   | 162 |  |   | — |  |   | 162 |  |
| Other, net                                                         |   | (321 | ) |   | — |  |   | (321 | ) |
|                                                               |   | (323 | ) |   | — |  |   | (323 | ) |
| Earnings before income taxes                                       |   | 49,092 |  |   | 2,736 |  |   | 51,828 |  |
| Provision for income taxes                                         |   | 16,196 |  |   | 903 |  |   | 17,099 |  |
| Net earnings                                                       |   | 32,896 |  |   | 1,833 |  |   | 34,729 |  |
|    Net earnings attributable to                     |   |   |   |   |   |   |
|      noncontrolling interests, net of tax |   | (40 | ) |   | — |  |   | (40 | ) |
| Net earnings attributable to                                       |   |   |   |   |   |   |
|    CLARCOR Inc.                                     |   | $ | 32,856 |  |   | $ | 1,833 |  |   | $ | 34,689 |  |
| Net earnings per share attributable to CLARCOR Inc. - Basic        |   | $ | 0.65 |  |   | $ | 0.04 |  |   | $ | 0.69 |  |
| Net earnings per share attributable to CLARCOR Inc. - Diluted      |   | $ | 0.65 |  |   | $ | 0.04 |  |   | $ | 0.69 |  |
| Operating margin                                                   |   | 16.6 | % |   | 0.9 | % |   | 17.5 | % |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                               |   |   |   | Certain Acquisition Related Costs |   |   |
| (Dollars in thousands, except per share data)                      |   | Full Year 2014 GAAP |   | GE Air Filtration Acquisition |   | Bekaert Advanced Filtration Acquisition |   | Stanadyne Filtration Acquisition |   | Full Year 2014 Non-GAAP Adjusted |
|                                                               |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                          |   | $ | 1,512,854 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1,512,854 |  |
| Cost of sales                                                      |   | 1,015,819 |  |   | (4,342 | ) | 1  | (240 | ) | 1  | (1,368 | ) | 1  | 1,009,869 |  |
| Gross profit                                                       |   | 497,035 |  |   | 4,342 |  |   | 240 |  |   | 1,368 |  |   | 502,985 |  |
| Selling and administrative expenses                                |   | 286,607 |  |   | (4,715 | ) | 2  | (130 | ) | 2  | (3,035 | ) | 2  | 278,727 |  |
| Operating profit                                                   |   | 210,428 |  |   | 9,057 |  |   | 370 |  |   | 4,403 |  |   | 224,258 |  |
| Other income (expense):                                            |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                   |   | (3,700 | ) |   | — |  |   | — |  |   | — |  |   | (3,700 | ) |
| Interest income                                                    |   | 420 |  |   | — |  |   | — |  |   | — |  |   | 420 |  |
| Other, net                                                         |   | 4,415 |  |   | — |  |   | (2,814 | ) | 3  | — |  |   | 1,601 |  |
|                                                               |   | 1,135 |  |   | — |  |   | — |  |   | — |  |   | (1,679 | ) |
| Earnings before income taxes                                       |   | 211,563 |  |   | 9,057 |  |   | (2,444 | ) |   | 4,403 |  |   | 222,579 |  |
| Provision for income taxes                                         |   | 67,380 |  |   | 2,436 |  |   | 123 |  |   | 1,501 |  |   | 71,440 |  |
| Net earnings                                                       |   | 144,183 |  |   | 6,621 |  |   | (2,567 | ) |   | 2,902 |  |   | 151,139 |  |
|    Net earnings attributable to                     |   |   |   |   |   |   |   |   |   |   |
|      noncontrolling interests, net of tax |   | (99 | ) |   | — |  |   | — |  |   | — |  |   | (99 | ) |
| Net earnings attributable to                                       |   |   |   |   |   |   |   |   |   |   |
|    CLARCOR Inc.                                     |   | $ | 144,084 |  |   | $ | 6,621 |  |   | $ | (2,567 | ) |   | $ | 2,902 |  |   | $ | 151,040 |  |
| Net earnings per share attributable to CLARCOR Inc. - Basic        |   | $ | 2.86 |  |   | $ | 0.13 |  |   | $ | (0.05 | ) |   | $ | 0.06 |  |   | $ | 3.00 |  |
| Net earnings per share attributable to CLARCOR Inc. - Diluted      |   | $ | 2.83 |  |   | $ | 0.13 |  |   | $ | (0.05 | ) |   | $ | 0.06 |  |   | $ | 2.97 |  |
| Operating margin                                                   |   | 13.9 | % |   | 0.6 | % |   | 0.0 | % |   | 0.3 | % |   | 14.8 | % |

----

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                               |   |   |   |   |   |
| (Dollars in thousands, except per share data)                      |   | Full Year 2013 GAAP |   | Loss on Disposal of Equipment |   | Settlement of Final Pension Obligation |   | Acquisition Related Costs |   | Full Year 2013 Non-GAAP Adjusted |
|                                                               |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                          |   | $ | 1,130,770 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1,130,770 |  |
| Cost of sales                                                      |   | 760,561 |  |   | (4,631 | ) |   | — |  |   | — |  |   | 755,930 |  |
| Gross profit                                                       |   | 370,209 |  |   | 4,631 |  |   | — |  |   | — |  |   | 374,840 |  |
| Selling and administrative expenses                                |   | 195,593 |  |   | — |  |   | (3,111 | ) |   | (2,736 | ) |   | 189,746 |  |
| Operating profit                                                   |   | 174,616 |  |   | 4,631 |  |   | 3,111 |  |   | 2,736 |  |   | 185,094 |  |
| Other income (expense):                                            |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                   |   | (615 | ) |   | — |  |   | — |  |   | — |  |   | (615 | ) |
| Interest income                                                    |   | 690 |  |   | — |  |   | — |  |   | — |  |   | 690 |  |
| Other, net                                                         |   | (391 | ) |   | — |  |   | — |  |   | — |  |   | (391 | ) |
|                                                               |   | (316 | ) |   | — |  |   | — |  |   | — |  |   | (316 | ) |
| Earnings before income taxes                                       |   | 174,300 |  |   | 4,631 |  |   | 3,111 |  |   | 2,736 |  |   | 184,778 |  |
| Provision for income taxes                                         |   | 55,950 |  |   | 1,667 |  |   | 1,120 |  |   | 903 |  |   | 59,640 |  |
| Net earnings                                                       |   | 118,350 |  |   | 2,964 |  |   | 1,991 |  |   | 1,833 |  |   | 125,138 |  |
|    Net earnings attributable to                     |   |   |   |   |   |   |   |   |   |   |
|      noncontrolling interests, net of tax |   | (274 | ) |   | — |  |   | — |  |   | — |  |   | (274 | ) |
| Net earnings attributable to                                       |   |   |   |   |   |   |   |   |   |   |
|    CLARCOR Inc.                                     |   | $ | 118,076 |  |   | $ | 2,964 |  |   | $ | 1,991 |  |   | $ | 1,833 |  |   | $ | 124,864 |  |
| Net earnings per share attributable to CLARCOR Inc. - Basic        |   | $ | 2.36 |  |   | $ | 0.06 |  |   | $ | 0.04 |  |   | $ | 0.04 |  |   | $ | 2.50 |  |
| Net earnings per share attributable to CLARCOR Inc. - Diluted      |   | $ | 2.34 |  |   | $ | 0.06 |  |   | $ | 0.04 |  |   | $ | 0.03 |  |   | $ | 2.47 |  |
| Operating margin                                                   |   | 15.4 | % |   | 0.4 | % |   | 0.3 | % |   | 0.2 | % |   | 16.4 | % |