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Business Description
Pall Corporation is a supplier of fine filters, principally made by the Company using its proprietary filter media, and other fluid clarification and separations equipment for the removal of solid, liquid and gaseous contaminants from a wide variety of liquids and gases. The Company serves customers in two principal markets: Life Sciences (formerly Health Care) and Industrial. The two principal markets are further divided into five sub-segments: Blood and Bio-Pharmaceuticals (which comprise the Life Sciences business) and General Industrial, Aerospace and Microelectronics (which comprise the Industrial business).

Financial Information
Pall Corporation is a specialty materials and engineering company that supplies filters for the removal of contaminants from liquids and gases. For the nine months ended 4/27/02, revenues fell 5% to $861.9 million. Net income fell 30% to $64.3 million. Revenues reflect challenging operating environment and unfavorable foreign exchange fluctuations. Earnings also suffered from the pricing of long-term blood filtration contracts in the last two quarters.