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NORDSON REPORTS 15 PERCENT INCREASE IN EARNINGS PER SHARE FOR THE THIRD QUARTER FISCAL 1992

 NORDSON REPORTS 15 PERCENT INCREASE IN EARNINGS PER SHARE
 FOR THE THIRD QUARTER FISCAL 1992
 WESTLAKE, Ohio, Aug. 24 /PRNewswire/ -- Nordson Corporation (NASDAQ: NDSN) announced a 15 percent increase in earnings per share and a six percent increase in sales for the third quarter ended Aug. 2, 1992. Sales for the quarter were $105.6 million and earnings per share were $.53. This compares with third quarter 1991 sales and earnings per share of $99.2 million and $.46, respectively.
 Earnings for the first nine months of 1992 were $1.43 per share, up 20 percent over earnings of $1.19 per share for the same period in 1991. Year-to-date sales of $305.1 million were up 8 percent over 1991 sales of $281.9 million.
 "We continue to be pleased with our 1992 operating performance, which is traced largely to the gradual but slow improvement in the U.S. economy," said William P. Madar, president and chief executive officer. "During the third quarter, we realized sales growth in all of our U.S. markets, including large finishing systems. We remain cautious, however, given the continued economic slowdown in Europe and Japan, coupled with the slow rate of sustained economic recovery in the United States."
 Nordson Corporation engineers, manufactures and markets equipment and systems used to apply high-performeance adhesives, sealants and coatings during manufacturing operations. Headquartered in Westlake, Ohio, Nordson has 20 international subsidiaries and more than 2,900 employees worldwide.
 NORDSON CORPORATION
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands except for per share amounts)
 THIRD QUARTER REPORT
 Period Ending Aug. 2, 1992
 (Unaudited)
 CONSOLIDATED STATEMENT OF INCOME
 Third Quarter
 1992 1991
 Net Sales $105,559 $ 99,173
 Cost of Sales 41,523 40,132
 Selling and Administrative Expenses 46,704 43,577
 Operating Profit 17,332 15,464
 Interest Income (Expense) - Net (1,262) (1,763)
 Other Income (Expense) - Net (214) (291)
 Income Before Income Taxes 15,856 13,410
 Income Taxes 5,549 4,694
 Net Income $ 10,307 $ 8,716
 Return on Sales 10 pct. 9 pct.
 Return on Average Shareholders' Equity 25 pct. 26 pct.
 Common Shares and Common
 Share Equivalents (000s) 19,456 19,109
 Per Share:
 Primary Earnings $.53 $.46
 Dividends Paid $.11 $.10
 Year-to-Date
 1992 1991
 Net Sales $305,117 $281,868
 Cost of Sales 119,079 116,877
 Selling and Administrative Expenses 138,417 125,227
 Operating Profit 47,621 39,764
 Interest Income (Expense) - Net (4,005) (4,945)
 Other Income (Expense) - Net (748) 169
 Income Before Income Taxes 42,868 34,988
 Income Taxes 14,947 12,246
 Net Income $ 27,921 $ 22,742
 Return on Sales 9 pct. 8 pct.
 Return on Average Shareholders' Equity 23 pct. 23 pct.
 Common Shares and Common
 Share Equivalents (000s) 19,535 19,042
 Per Share:
 Primary Earnings $1.43 $1.19
 Dividends Paid $.33 $.30
 CONSOLIDATED BALANCE SHEET
 Aug. 2 Nov. 3
 1992 1991
 Cash and Marketable Securities $ 17,990 $ 10,481
 Receivables 94,461 84,779
 Inventories 84,436 78,471
 Prepaid Expenses 20,886 20,184
 Total Current Assets 217,773 193,915
 Property Plant and Equipment - net 76,035 74,440
 Other Assets 29,085 28,575
 Total $322,893 $296,930
 Notes Payable and Debt Due Within
 One Year $ 41,536 $ 39,049
 Accounts Payable and Accrued
 Liabilities 72,538 67,862
 Total Current Liabilities 114,074 106,911
 Long-term Debt 27,402 25,531
 Other Liabilities 13,829 11,774
 Total Shareholders' Equity 167,588 152,714
 Total $322,893 $296,930
 Other Information:
 Employees 2,909 2,827
 Common Shares Outstanding 18,816 18,755
 -0- 8/24/92
 /CONTACT: N.D. Pellecchia of Nordson Corporation, 216-892-1580/
 (NDSN) CO: Nordson Corporation ST: Ohio IN: MAC SU: ERN


KK -- CL012 -- 2655 08/24/92 14:48 EDT
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Date:Aug 24, 1992
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