Pall Corp. Q4 Profit Beats Estimates - Quick Facts

(RTTNews) - Pall Corp. (PLL) reported fourth-quarter net earnings from continuing operations of $120.09 million or $1.08 per share, compared to $86.21 million or $0.76 per share, previous year. Pro forma earnings per share was $1.11, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 12% to $799.95 million from $716.82 million, a year ago. Sales in local currency were up about 10%, and about 5% excluding acquisitions. Analysts expected revenue of $769.43 million for the quarter.

Larry Kingsley, Pall Chairman and CEO, said, "The company performed well for the full year and delivered a strong fourth quarter. I'm particularly pleased with the very strong incremental margins and solid free cash flow despite the challenging economic backdrop."

In fiscal 2015, the company expects total revenue growth in the mid-to-high single-digits, with pro forma earnings per share of $3.75 to $3.95, which represents 9% to 15% growth over fiscal 2014 performance. Analysts expect the company to report fiscal 2015 earnings per share of $3.86.