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Exhibit 13

CLARCOR Inc.

11-Year Financial Review (C)

(Dollars in Thousands except Per Share Data)

	2015				2014				2013				2012				2011				2010				2009				2008				2007				2006				2005
PER COMMON SHARE
Equity attributable to CLARCOR	$	22.59			$	21.99			$	20.78			$	18.14			$	16.65			$	15.03			$	13.63			$	12.83			$	11.29			$	10.52			$	9.36
Diluted Net Earnings attributable to CLARCOR	2.67				2.83				2.34				2.42				2.42				1.88				1.40				1.86				1.78				1.59				1.46
Dividends	0.8200				0.7100				0.5750				0.4950				0.4350				0.3975				0.3675				0.3300				0.2975				0.2750				0.2588
Price - High	68.72				67.60				61.34				54.22				49.60				42.20				34.64				44.25				44.01				36.72				31.98
Price - Low	46.05				52.70				45.02				42.75				39.13				30.41				23.05				25.03				29.57				26.87				24.60
EARNINGS DATA
Net Sales	$	1,481,026			$	1,512,854			$	1,130,770			$	1,121,765			$	1,126,601			$	1,011,429			$	907,748			$	1,059,601			$	921,191			$	904,347			$	873,974
Operating Profit	197,947				210,428				174,616				182,714				181,267				144,649				105,733				151,923				129,814				126,328				118,492
Interest Expense	5,629				3,700				615				527				469				546				2,120				6,532				1,010				814				636
Pretax Income	197,965				211,563				174,300				182,997				181,308				143,423				105,649				145,371				130,509				126,941				117,922
Income Taxes	63,052				67,380				55,950				59,657				56,947				47,072				33,819				49,310				39,675				43,795				40,968
Net Earnings	134,913				144,183				118,350				123,340				124,361				96,351				71,830				96,061				90,834				83,146				76,954
Diluted Average Shares Outstanding	50,429				50,871				50,539				50,882				51,191				51,156				51,120				51,466				50,885				52,177				52,216
EARNINGS ANALYSIS
Operating Margin	13.4		%		13.9		%		15.4		%		16.3		%		16.1		%		14.3		%		11.6		%		14.3		%		14.1		%		14.0		%		13.6		%
Pretax Margin	13.4		%		14.0		%		15.4		%		16.3		%		16.1		%		14.2		%		11.6		%		13.7		%		14.2		%		14.0		%		13.5		%
Effective Tax Rate	31.9		%		31.8		%		32.1		%		32.6		%		31.4		%		32.8		%		32.0		%		33.9		%		30.4		%		34.5		%		34.7		%
Net Margin	9.1		%		9.5		%		10.5		%		11.0		%		11.0		%		9.5		%		7.9		%		9.1		%		9.9		%		9.2		%		8.8		%
Return on Beginning Assets	7.1		%		10.0		%		9.8		%		10.9		%		11.9		%		9.9		%		7.5		%		13.0		%		12.5		%		12.3		%		12.3		%
Return on Beginning Shareholders' Equity	12.2		%		14.0		%		13.1		%		14.8		%		16.4		%		14.0		%		11.0		%		17.2		%		16.8		%		17.2		%		17.9		%
Dividend Payout to Net Earnings	30.4		%		24.8		%		24.3		%		20.3		%		17.7		%		21.0		%		26.1		%		17.6		%		16.6		%		17.2		%		17.5		%
BALANCE SHEET
Cash and Short-Term Investments (A)	$	101,529			$	94,064			$	412,325			$	186,062			$	157,104			$	117,730			$	91,448			$	47,984			$	40,943			$	61,246			$	28,902
Current Assets	664,795				728,907				892,121				654,594				600,899				526,273				448,528				432,571				371,920				380,340				324,933
Plant Assets, Net	301,019				288,356				208,953				195,101				184,992				181,175				188,091				192,599				169,212				146,529				149,505
Total Assets	1,818,456				1,888,769				1,448,843				1,205,502				1,134,933				1,042,411				973,890				957,882				739,135				727,516				675,272
Current Liabilities	203,700				224,380				207,761				174,891				160,050				163,457				131,942				143,503				114,171				118,428				121,470
Long-Term Debt	397,368				411,330				116,413				16,391				15,981				17,331				52,096				83,822				17,329				15,946				16,009
Redeemable Noncontrolling Interests	—				1,587				1,836				1,754				1,557				1,568				1,412				1,179				2,386				(47		)		602
Shareholders' Equity	1,110,465				1,105,103				1,032,873				901,830				835,558				757,527				688,475				654,752				557,921				539,212				484,214
BALANCE SHEET ANALYSIS
Debt to Capitalization (B)	26.7		%		27.1		%		13.9		%		1.8		%		2.0		%		2.3		%		7.0		%		11.4		%		3.0		%		2.9		%		3.2		%
Working Capital	$	461,095			$	504,527			$	684,360			$	479,703			$	440,849			$	362,816			$	316,586			$	289,068			$	257,749			$	261,912			$	203,463
Current Ratio	3.3				3.2				4.3				3.7				3.8				3.2				3.4				3.0				3.3				3.2				2.7
CASH FLOW DATA
From Operations	$	153,745			$	156,346			$	135,241			$	135,849			$	119,549			$	143,402			$	113,693			$	107,136			$	137,324			$	63,581			$	89,346
For Investment	(33,241		)		(664,252		)		(42,090		)		(42,128		)		(33,527		)		(21,836		)		(29,899		)		(108,900		)		(47,867		)		(21,342		)		(51,512		)
From/(For) Financing	(110,557		)		188,680				132,582				(64,873		)		(45,540		)		(62,526		)		(69,999		)		16,155				(85,522		)		(33,641		)		(35,699		)
Change in Cash & Equivalents	7,465				(317,498		)		226,066				29,497				38,977				57,745				18,562				4,656				7,008				10,549				1,082
Capital Expenditures	64,535				69,681				44,651				36,468				22,486				23,371				21,740				34,908				37,024				17,588				24,032
Depreciation & Amortization	56,603				50,427				32,233				31,815				32,435				30,921				30,962				30,388				23,389				23,079				21,087
Dividends Paid	40,972				35,805				28,744				24,912				21,961				20,143				18,682				16,845				15,024				14,203				13,385
Net Interest Expense (Income)	5,186				3,280				(75		)		(73		)		(180		)		258				1,842				5,159				(609		)		(913		)		(292		)
Income Taxes Paid	70,146				67,534				42,602				43,821				37,959				54,560				32,208				42,346				41,517				44,446				29,483

^(A) Cash and cash equivalents plus Short-term investments per the Consolidated Balance Sheets.

^(B) Total Debt (current and long-term) divided by Total Debt plus Shareholders' Equity.

^(C) The financial information set forth in this Exhibit is not necessarily indicative of results of future operations and should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the accompanying Consolidated Financial Statements and related notes included elsewhere in the Form 10-K.