Pall Corporation Reports Third Quarter Results

PORT WASHINGTON, N.Y., May 21, 2015 - Pall Corporation (NYSE:PLL) today reported financial results for the third quarter of fiscal year 2015 which ended April 30, 2015.

• Sales in the quarter were flat; up 11% in local currency
• Diluted EPS in the quarter of $0.89 up 11%; pro forma diluted EPS of $0.92, up 14%
• Free cash flow in the nine months of $321 million, up 10%

Third Quarter and Nine Months Sales and Earnings Overview

Third quarter sales were $681.1 million compared to $682.4 million last year. Sales in local currency (“LC”) were up 11%, and about 9% excluding acquisitions. Diluted EPS were $0.89 in the quarter, compared to $0.80 last year. Pro forma diluted EPS⁽¹⁾ were $0.92, a 14% increase compared to $0.81 a year earlier, including a headwind of approximately $0.15 from foreign currency translation. Excluding the impact of foreign currency translation, pro forma diluted EPS increased by 32%.

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