Pall Corp. quarterly earnings up
Pall Corp., Port Washington
filtration technology
Quarter: Ended April 30
Net income: Profit of $69.7 million compared with profit of $44.2 million in the same quarter last year.
Net sales: $616 million compared with $556 million in the same quarter last year.
Company statement: "The expected industrial recovery appears to now be firmly under way. Overall, orders grew 27 percent. Gross margins continued their upward trend with ongoing efficiency-enhancing and cost-reduction programs, along with favorable mix, contributing to these results," said chairman and chief executive Eric Krasnoff.
STOCK PRICE: Shares closed at $35.14 yesterday, up $2.91.
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