EAST HILLS, N.Y.--(BUSINESS WIRE)--June 1, 2006--Pall Corporation (NYSE: PLL - News): Pall Corporation (NYSE: PLL - News) today reported sales and earnings results for the third quarter and nine months ended April 30, 2006. The Company also announced a facilities reduction and consolidation program expected to generate annualized savings of $40 million in costs and $10 million in tax by fiscal year end 2008.