PORT WASHINGTON, N.Y., December 16, 2009 -
Pall Corporation (NYSE: PLL), a global leader in filtration, separation
and purification, is refreshing its five-year plan originally presented
to investors in October of 2008. The event will take place on December
17, 2009 from 9:00 a.m. to approximately 11:00 a.m. ET and is being
This Investor Day event will feature presentations by Eric Krasnoff,
chairman and CEO; Don Stevens, president; Lisa McDermott, CFO and other
members of the Pall senior management team. They will share broad
business and financial plans along with target expectations through the
end of fiscal 2013.
The Company will announce that by the end of fiscal year 2013, it is
targeting a four-year compounded annual sales growth rate (sales CAGR)
in the range of 5 1/2% to 8% in local currency. Using current exchange
rates for planning purposes only, the sales CAGR would approximate 7% to
9 1/2% for this four-year period. Earnings per share in fiscal year 2013
are targeted to range from $3.67 to $4.77.
The event will be broadcast live on the internet and available through
the Investor Relations section of Pall's website at http://www.pall.com/irevents.
Listening to the webcast requires audio speakers and Microsoft Windows
Media Player or Real Player audio software. The webcast will be archived
for 30 days.
About Pall Corporation
Pall Corporation (NYSE:PLL) is a filtration, separation and purification
leader providing Total Fluid ManagementSM solutions to meet
the critical needs of customers in biopharmaceutical, hospital and
transfusion medicine, energy and alternative energy, electronics,
municipal and industrial water, aerospace, transportation and broad
industrial markets. Together with our customers, we foster health,
safety and environmentally responsible technologies. The company’s
engineered solutions enable process and product innovation and minimize
emissions and waste. Pall Corporation, with total revenues of $2.3
billion for fiscal 2009, is an S&P 500 company with more than 10,000
employees servicing customers worldwide. Pall has been named a top
"green company" by Newsweek magazine. To see how Pall
is helping enable a greener and more sustainable future, visit Pall at http://www.pall.com.
The matters discussed in this release contain “forward-looking
statements” as defined in the Private Securities Litigation Reform Act
All statements regarding future performance, earnings projections,
earnings guidance, management’s expectations about its future cash needs
and effective tax rate, and other future events or developments are
forward-looking statements. Forward-looking statements are those that
use terms such as “anticipate”, “should”, “believe”, “estimate”,
“expect”, “intend”, “plan”, “predict”, “potential” or similar
expressions about matters that are not historical facts. Forward-looking
statements contained in this and other written and oral reports are
based on current Company expectations and are subject to risks and
uncertainties, which could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to, those
discussed in Part I, Item 1A, “Risk Factors” in the Company’s Annual
Report on Form 10-K for the fiscal year ended July 31, 2009, and other
reports the Company files with the Securities and Exchange Commission;
the impact of the current global recessionary environment and its likely
depth and duration; the current credit market constraints, volatility in
currency exchange rates and energy costs and other macro economic
challenges currently affecting the Company, our customers (including
their cash flow and payment practices) and vendors; the effectiveness of
our initiatives to mitigate the impact of the current economic
environment; and the Company’s ability to successfully complete its
business improvement initiatives that include integrating and upgrading
its information systems and the effect of a serious disruption in the
Company’s information systems on its business and results of operations.
The Company makes these statements as of the date of this disclosure and
undertakes no obligation to update them.