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NORDSON CORPORATION REPORTS RECORD SALES FOR FISCAL 1993

 WESTLAKE, Ohio, Dec. 8 /PRNewswire/ -- Nordson Corporation (NASDAQ: NDSN) announced today record sales of $461.6 million for the fiscal year ended Oct. 31, 1993, an 8 percent increase over 1992 sales of $425.6 million.
 Earnings per share before the cumulative effect of accounting changes were $2.13, a 5 percent increase over 1992 earnings per share of $2.03. Excluding the current year effect of these accounting changes, 1993 earnings per share would have been $2.15.
 Effective as of the beginning of fiscal 1993, Nordson elected to adopt Financial Accounting Standards (FAS) 106, 109 and 112, "Employers' Accounting for Postretirement Benefits Other Than Pensions," "Accounting for Income Taxes," and "Accounting for Postemployment Costs," respectively. The resulting one-time, cumulative charge against earnings was $4.8 million, or $.25 per share. Earnings per share after these accounting changes were $1.88.
 Earnings per share for the fourth quarter of fiscal 1993 increased 15 percent to $.69, compared with $.60 for the same period of the previous year. Sales for the quarter increased 7 percent to $128.7 million, compared with $120.5 million for the same period last year. Volume gains over the prior year levels were achieved across all the company's geographic regions during the quarter.
 "Consistently strong sales gains in North America, the Pacific Rim and Latin America contributed significantly to our operating performance throughout the year," said William P. Madar, president and chief executive officer. "Improved economic activity in Europe during the second half of the year also influenced overall performance. Although the economy remains slow in Japan, Nordson realized gains in key industries we serve there."
 As previously announced, Nordson will pay a first quarter 1993 cash dividend of $.14 per share on Jan. 3, 1994, to shareholders of record on Dec. 3, 1993. This 17 percent increase in the quarterly dividend rate marks the 30th consecutive year of cash dividend increases.
 Nordson Corporation designs, manufactures and markets systems that apply adhesives, sealants and coatings to consumer and industrial products during manufacturing processes. Headquartered in Westlake, Ohio, Nordson has 25 subsidiaries and more than 3,000 employees worldwide.
 NORDSON CORPORATION
 FINANCIAL HIGHLIGHTS
 FOURTH QUARTER REPORT
 Period Ending Oct. 31, 1993
 (Unaudited)
 Fourth Quarter
 1993 1992
 Sales (000's) $128,666 $120,501
 Earnings Per Share
 Income before cumulative effect
 of accounting changes $ 0.69 $ 0.60
 Cumulative effect of accounting
 changes --- ---
 Net income $ 0.69 $ 0.60
 Dividends Paid Per Share $ 0.12 $ 0.11
 Common Shares and Common Share
 Equivalents (000's) 19,152 19,280
 Return (before cumulative effect of
 accounting changes) on:
 Sales (pct.) 10 10
 Average Shareholders' Equity (pct.) 28 27
 Fourth Quarter
 1993 1992
 Sales (000's) $461,557 $425,618
 Earnings Per Share
 Income before cumulative effect
 of accounting changes $ 2.13 $ 2.03
 Cumulative effect of accounting
 changes (0.25) ---
 Net income $ 1.88 $ 2.03
 Dividends Paid Per Share $ 0.48 $ 0.44
 Common Shares and Common Share
 Equivalents (000's) 19,184 19,471
 Return (before cumulative effect of
 accounting changes) on:
 Sales (pct.) 9 9
 Average Shareholders' Equity (pct.) 23 24
 NORDSON CORPORATION
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands)
 FOURTH QUARTER REPORT
 Period Ending Oct. 31, 1993
 (Unaudited)
 CONSOLIDATED STATEMENT OF INCOME
 Fourth Quarter
 1993 1992
 Net Sales $128,666 $120,501
 Cost of Sales 53,945 49,358
 Selling & Administrative Expenses 53,106 51,470
 Operating Profit 21,615 19,673
 Interest Income (Expense) - net (998) (1,693)
 Other Income (Expense) - net (346) (81)
 Income Before Income Taxes and
 Cumulative Effect of Accounting
 Changes 20,271 17,899
 Income Taxes 7,041 6,283
 Income Before Cumulative Effect
 of Accounting Changes 13,230 11,616
 Cumulative Effect of Accounting
 Changes --- ---
 Net Income $ 13,230 $ 11,616
 Year-to-Date
 1993 1992
 Net Sales $461,557 $425,618
 Cost of Sales 191,575 168,437
 Selling & Administrative Expenses 202,608 189,887
 Operating Profit 67,374 67,294
 Interest Income (Expense) - net (5,316) (5,968)
 Other Income (Expense) - net 190 (829)
 Income Before Income Taxes and
 Cumulative Effect of Accounting
 Changes 62,248 60,767
 Income Taxes 21,473 21,230
 Income Before Cumulative Effect
 of Accounting Changes 40,775 39,537
 Cumulative Effect of Accounting
 Changes 4,784 ---
 Net Income $ 35,991 $ 39,537
 CONSOLIDATED BALANCE SHEET
 Oct. 31, Nov. 1,
 1993 1992
 Cash and Marketable Securities $ 23,363 $ 13,009
 Receivables 107,395 106,489
 Inventories 84,661 87,674
 Prepaid Expenses 26,253 24,664
 Total Current Assets 241,672 231,836
 Property Plant and Equipment - net 78,689 77,372
 Other Assets 37,609 37,089
 Total $357,970 $346,297
 Notes Payable and Debt Due Within
 One Year $ 25,405 $ 46,335
 Accounts Payable and Accrued
 Liabilities 90,876 80,363
 Total Current Liabilities 116,281 126,698
 Long-term Debt 22,089 26,823
 Other Liabilities 23,195 15,056
 Total Shareholders' Equity 196,405 177,720
 Total $357,970 $346,297
 Other Information:
 Employees 3,085 3,005
 Common Shares Outstanding (000's) 18,726 18,752
 -0- 12/8/93
 /CONTACT: N.D. Pellecchia of Nordson Corporation, 216-892-1580/
 (NDSN)


CO: Nordson Corporation ST: Ohio IN: MAC SU: ERN

AR-BR -- CL016 -- 1950 12/08/93 17:20 EST
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Date:Dec 8, 1993
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