PALL CORP (PLL) [Rocket]

In millions, except per share items	Jul-31-14	Jul-31-13	Jul-31-12	Jul-31-11	Jul-31-10	Jul-31-09	Jul-31-08	Jul-31-07
Revenues	2,789.1	2,648.1	2,671.7	2,517.2	2,185.7	2,329.2	2,571.6	2,249.9
Revenue growth	5.3%	-0.9%	6.1%	15.2%	-6.2%	-9.4%	14.3%	11.6%
Cost of goods sold	1,363.0	1,276.1	1,291.6	1,232.3	1,064.1	1,228.5	1,360.8	1,190.5
Gross profit	1,426.2	1,372.0	1,380.1	1,284.9	1,121.5	1,100.7	1,210.8	1,059.4
Gross margin	51.1%	51.8%	51.7%	51.0%	51.3%	47.3%	47.1%	47.1%
Selling, general and administrative	814.5	810.4	843.2	790.3	716.7	699.8	749.5	675.0
Research and development	102.6	94.2	82.9	80.5	68.8	71.2	71.6	62.4
EBITA	530.3	485.1	473.9	425.8	383.0	428.3	421.2	344.3
EBITA margin	19.0%	18.3%	17.7%	16.9%	17.5%	18.4%	16.4%	15.3%
Amortization of intangibles	21.2	19.9	20.5	13.4	11.5	9.8
EBIT	509.1	465.3	453.4	412.4	371.4	418.6	421.2	344.3
EBIT margin	18.3%	17.6%	17.0%	16.4%	17.0%	18.0%	16.4%	15.3%
Pre-tax income	451.4	411.6	366.9	368.7	272.6	270.8	325.6	260.5
Income taxes	87.5	81.7	86.0	89.5	70.1	75.2	108.3	133.0
Tax rate	19.4%	19.8%	23.4%	24.3%	25.7%	27.8%	33.3%	51.1%
Earnings from continuing ops	364.0	330.0	280.9	315.5	202.5	195.6	217.3	127.5
Earnings from discontinued ops					38.8
Net income	364.0	574.9	319.3	315.5	241.2	195.6	217.3	127.5
Net margin	13.0%	21.7%	12.0%	12.5%	11.0%	8.4%	8.4%	5.7%

Diluted EPS	$3.25	$2.89	$2.39	$2.67	$1.70	$1.64	$1.76	$1.02
Shares outstanding (diluted)	111.9	114.2	117.7	118.3	118.8	119.6	123.7	124.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.