FINANCIAL FACT SHEET - PDF by JoeyVagana

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									NORDSON CORPORATION

FINANCIAL FACT SHEET
Second Quarter of Fiscal 2009
NASDAQ-NDSN


BUSINESS OVERVIEW                                                                                                 CORPORATE PURPOSE
Nordson Corporation is one of the world’s leading producers of                                                    Nordson Corporation strives to be a vital, self-renewing, worldwide
precision dispensing equipment. Nordson systems apply adhesives,                                                  organization which, within the framework of ethical behavior and
sealants and coatings to a broad range of consumer and industrial                                                 enlightened citizenship, grows and produces wealth for our
products during manufacturing operations, helping customers                                                       customers, employees, shareholders and communities.
meet quality, productivity and environmental targets. The company
                                                                                                                  Our corporate goal for growth is to double the value of the company
also manufactures equipment used in the testing and inspection
                                                                                                                  over a five-year period, with the primary measure of value set by
of electronic components as well as technology-based systems
                                                                                                                  the market for company shares.
for curing and surface-treatment processes.
                                                                                                                  Nordson is committed to contributing approximately 5 percent of
Headquartered in Westlake, Ohio, the company is supported by
                                                                                                                  domestic pretax earnings to support charitable activities particularly
a network of international subsidiaries and distributors. More
                                                                                                                  in communities where the company has major facilities.
than two-thirds of the company’s revenue is generated outside
of North America.




CONSOLIDATED STATEMENT OF INCOME
(Dollars in thousands)                                                                        Fiscal Year 2008                                                                    Fiscal Year 2009
                                                                       First             Second       Third                     Fourth                                           First      Second
                                                                      Quarter            Quarter     Quarter                    Quarter                      Year               Quarter     Quarter
Net sales                                                        $244,689              $294,116        $288,362               $297,662             $1,124,829                  $186,608           $188,840
Cost of sales                                                    $104,830              $128,243        $125,923               $135,398             $ 494,394                   $ 79,371           $ 85,957
Selling and administrative expenses                              $103,460              $111,650        $111,142               $113,845             $ 440,097                   $ 94,162           $ 84,304
Operating profit                                                 $ 36,399              $ 54,223        $ 51,297               $ 48,419             $ 190,338                   $ 13,075           $ 18,579
Interest income (expense) net                                    $ (5,130)             $ (4,013)       $ (3,225)              $ (3,096)            $         (15,464)          $ (2,591)          $ (1,579)
Other income (expense) net                                       $ 1,213               $ 1,008         $ 2,617                $     76             $           4,914           $ 6,679            $    521
Income before income taxes                                       $ 32,482              $ 51,218        $ 50,689               $ 45,399             $ 179,788                   $ 17,163           $ 17,521
Income taxes                                                     $ 11,143              $ 18,169        $ 18,319               $ 14,653             $ 62,284                    $ 6,007              $3,678

NET INCOME                                                       $ 21,339              $ 33,049        $ 32,370               $ 30,746             $ 117,504                   $ 11,156           $ 13,843
Diluted Earnings Per Share                                       $       0.62          $       0.97    $      0.93            $       0.90         $           3.43            $       0.33       $     0.41
Return on sales                                                         8.7%                 11.2%          11.2%                   10.3%                    10.4%                    6.0%             7.3%
Current ratio                                                            2.19                  1.82           1.91                    1.88                     1.88                    2.36             2.50
Debt to equity                                                           0.65                  0.52           0.45                    0.50                     0.50                    0.49             0.41




                                                                                                       DILUTED EARNINGS PER SHARE
SALES                                               O P E R AT I N G P R O F I T                                                                                                fiscal year 2008 $1.1 Billion
                                                                                                       F R O M C O N T I N U I N G O P E R AT I O N S
(in millions of dollars)                            (in millions of dollars)                                                                                                             in reVenUe
                                                                                                       (in dollars)


                   AV E R A G E A N N U A L                           AV E R A G E A N N U A L                              AV E R A G E A N N U A L
                   G R O W T H R AT E 1 0 %                           G R O W T H R AT E 1 2 %                              G R O W T H R AT E 1 6 %
$1,400                                               $200                                              $3.50                                                                                                    Asia Pacific

                                                                                                                                                                                                        17%
 1,200                                                180                                                  3.20                                                                         28%
                                                                                                                                                                      United States

 1,000                                                160                                                  2.90                                                                                               10%
                                                                                                                                                                                                                        Japan
   800                                                140                                                  2.60
                                                                                                                                                                                       7%
   600                                                120                                                  2.30                                                          Americas
                                                                                                                                                                                                      38%
   400                                                100                                                  2.00                                                                                                     Europe


   200                                                 80                                                  1.70
             ’04     ’05    ’06     ’07       ’08               ’04     ’05    ’06     ’07       ’08                  ’04     ’05    ’06     ’07       ’08

               United States
               International




FOR ADDITIONAL INFORMATION
                                                                                                                                                                                              Printed on recycled paper
James R. Jaye, Director, Communications and Investor Relations • 440.414.5639 • jjaye@nordson.com
SALES BY BUSINESS SEGMENT
Adhesive Dispensing Systems                                                                         Advanced Technology Systems
                                                                                                                 I N D U S T R I A L C O AT I N G A N D I N D U S T R I A L C O AT I N G A N D    Industrial Coating and Automotive Systems
                                                                                                                                                                                                  I N D U S T R I A L C O AT I N G A N D
                                                          A PENSI ED SYST NOLOGY                I V T DN C E D S I N G N O L O E Y S Y S T E M D
                                                                                                A D VA I S
A D H E S I V E D I S P E N S I N G S Y S T E M S I V E D I SD VA N CN G T E C H E M SA D H E S Y SE E MS P E N T EU T O M O T IG M SSY S T E M S VA NA U T O M O T IN O LS Y S T E M S T E M S
                                         ADHES                                                                   A CH SYST VE                   AS      CED TECH VE OGY SY                        AUTOMOTIVE SYSTEMS
(in millions of dollars)                                 (in millions of dollars)
                                      (in millions of dollars)                                       (in millions of (in millions of dollars)
                                                                                          (in millions of dollars) dollars)                     (in millions of dollars) dollars)
                                                                                                                                                          (in millions of                         (in millions of dollars)
                                      This segment delivers                                                                                   This segment integrates Nordson                                                       This segment provides
$600                                  Nordson proprietary $600
                                      $600$375                                                      $375          $185                        proprietary product technologies
                                                                                                                                            $375    $185                                          $185                              both standard and highly-
                                      precision dispensing                                                                                    found in progressive stages of a                                                      customized equipment
 550                          550           350                      550                              350           180                      350      180                                          180
                                      technology to diverse                                                                                   customer’s production process,                                                        used primarily for applying
 500                          500     markets for applications 500
                                            300                                                       300           175                       such as surface preparation,
                                                                                                                                             300      175                                          175                              coatings, paint, finishes,
                                      that commonly reduce 450                                                                                precision dispensing of material                                                      sealants and other
 450                          450           250                                                       250           170                      250      170                                          170
                                      material consumption,                                                                                   onto surfaces, curing of dispensed                                                    materials. This segment
 400                          400     increase line efficiency 400
                                            200                                                       200           165                       material, and bond testing to
                                                                                                                                             200      165                                          165                              primarily serves the con-
 350                          350
                                      and enhance product 350
                                            150                                                       150           160
                                                                                                                                              ensure quality. This segment
                                                                                                                                             150      160                                          160
                                                                                                                                                                                                                                    sumer durables market.
                                      brand and appearance.                                                                                   primarily serves the needs of                                                         Automotive – Automated
 300                          300           100
                                      Nonwovens – Equipment ’07
                                                                     300                              100           155                       electronic and related high-tech
                                                                                                                                             100      155                                          155
                                                                                                                                                                                                                                    and manual dispensing
         ’04  ’05 ’06   ’07  ’08    ’04   ’05   ’06’04 ’07’05 ’08’06                                ’08
                                                                                                     ’04    ’04 ’06
                                                                                                          ’05     ’05 ’07 ’04 ’07’05 ’08’06
                                                                                                                        ’06 ’08                ’07  ’08
                                      for applying adhesives,                                                                                 industries and includes key ’07 ’08
                                                                                                                                                                        ’06 ’08
                                                                                                                                                            ’04 ’06
                                                                                                                                                                  ’05 ’07
                                                                                                                                                     ’04  ’05                                             ’04  ’05  ’06   ’07  ’08
                                                                                                                                                                                                                                    systems used to apply
lotions, liquids and fibers to disposable products. Key                                             product brands such as Asymtek, Dage and EFD.                                                 materials in the automotive, heavy truck and recreational
strategic markets include adult incontinence products,                                              Surface Preparation — Automated gas plasma treatment systems                                  vehicle manufacturing industries. Key strategic markets
baby diapers and child-training pants, feminine hygiene                                             used to clean and condition surfaces for the semi-conductor,                                  include powertrain components, body assembly and final
products and surgical drapes, gowns, shoe covers and                                                medical and printed circuit board industries. Key strategic                                   trim applications.
face masks.                                                                                         markets include contact lenses, electronics, medical instruments                              Container Coating and Curing — Automated and
Packaging — Automated adhesive dispensing systems                                                   and devices, printed circuit boards and semiconductors.                                       manual dispensing and curing systems used to coat
used in the food and beverage and packaged goods                                                    Dispensing Systems — Controlled manual and automated                                          and cure containers. Key strategic markets include
industries. Key strategic markets include food packages                                             systems for applying materials in customer processes typically                                beverage containers and food cans.
and wrappers and drink containers.                                                                  requiring extreme precision and material conservation. Key                                    Liquid Finishing — Automated and manual dispensing
Paper and Paperboard Converting — Hot melt and                                                      strategic markets include aerospace, electronics (cell phones,                                systems used to apply liquid paints and coatings to
cold glue adhesive dispensing systems for the paper                                                 liquid crystal displays, micro hard drives, microprocessors,                                  consumer and industrial products. Key strategic markets
and paperboard converting industries. Key strategic                                                 Radio Frequency Identification (RFID) tags, CDs and DVDs),                                    include automotive components, construction, metal
markets include bag and sack manufacturing, bookbinding,                                            and life sciences (dental and medical devices, including                                      shelving and drums.
envelope manufacturing and folding carton manufacturing.                                            pacemakers and stents).
                                                                                                                                                                                                  Powder Coating — Automated and manual dispensing
Product Assembly — Adhesive and sealant dispensing                                                  Curing and Drying Systems — Ultraviolet equipment used                                        systems used to apply powder paints and coatings to a
systems for bonding or sealing plastic, metal and wood                                              primarily in curing and drying operations for specialty inks,                                 variety of metal, plastic and wood products. Key strategic
products. Key strategic markets include appliances,                                                 coatings, semiconductor materials and paints. Key strategic                                   markets include agriculture and construction equipment,
automotive components, building and construction                                                    markets include electronics, graphic arts, plastic containers,                                appliances, automotive components, home and office
materials, electronics and furniture.                                                               printed-paper and packaging and semiconductor equipment.                                      furniture, lawn and garden equipment and wood and
Web Coating — Laminating and coating systems used                                                   Bond Testing and Inspection Systems — Testing and automated                                   metal shelving.
to manufacture continuous-roll goods in the nonwovens,                                              optical and x-ray inspection systems used in the semiconductor
textile, paper and flexible-packaging industries. Key                                               and printed circuit board industries. Key strategic markets include
strategic markets include carpet, labels, tapes and textiles.                                       electronics (digital music players and cell phones), printed circuit
                                                                                                    board assemblies and semiconductor packages.


DIVIDEND INFORMATION AND
PRICE RANGE OF COMMON SHARES                                                                                                                            CONSOLIDATED BALANCE SHEET
All registered owners of Nordson Corporation common stock may automatically
                                                                                                                                                                                                                                         April 30          October 31
reinvest their dividends and voluntary cash contributions in additional shares by
enrolling in the company’s Dividend Reinvestment Program. Costs of the plan are                                                                                                                                                           2009               2008
paid by the Company.                                                                                                                                                                                                                       $19,636           $11,760
                                                                                                                                                       Cash and marketable securities
Nordson Corporation common shares are listed on the NASDAQ National Market                                                                             Receivables                                                                         152,253           224,813
System under the symbol NDSN. The range of market prices, dividends paid, and                                                                          Inventories                                                                         107,963           118,034
the average price-earnings ratio with respect to the company’s common shares                                                                           Other current assets                                                                 29,825            29,706
during each quarter of 2008 and the first quarter of 2009 are indicated as follows:                                                                       Total current assets                                                             309,679           384,313
                                                                                                                           Price-                      Property, plant & equipment - net                                               126,791                133,843
                                          Dividend                    Common Stock Price                                  Earnings                     Other assets                                                                    643,146                648,513
                                            Paid                       High       Low                                      Ratio                                                                                                    $1,079,616             $1,166,669
2009
Second Quarter                               $0.1825                   $39.41                      $24.40                     11.1                     Notes payable and debt due within one year                                           $6,867           $46,351
First Quarter                                $0.1825                   $39.95                      $24.04                     10.2                     Accounts payable and accrued liabilities                                            116,836           157,645
                                                                                                                                                         Total current liabilities                                                         123,703           203,996
2008
Fourth Quarter                               $0.1825                   $73.00                      $31.19                     15.2                     Long-term debt                                                                  230,350                238,550
Third Quarter                                $0.1825                   $78.98                      $58.35                     20.3                     Other liabilities                                                               147,701                150,011
Second Quarter                               $0.1825                   $59.66                      $47.16                     16.8                     Total shareholders’ equity                                                      577,862                574,112
First Quarter                                $0.1825                   $61.58                      $42.30                     18.5                                                                                                  $1,079,616             $1,166,669
The price-earnings ratios noted above reflect the average of the high and low market prices
in the quarter relative to the trailing four quarter total earnings.


PERFORMANCE GRAPH
 Performance Graph
 The following is a graph that compares the five-year cumulative return from investing $100 on November 1, 2003 in
  each of Nordson Common compares the 400 Index cumulative return from investing $100
The following graph thatShares, the MidCap five-year and the S&P MidCap 400 Industrial Machinery on                                                            NORDSON FIVE YEAR STOCkHistory
                                                                                                                                                                         Nordson Five Year Stock Price
                                                                                                                                                                                                       PRICE HISTORY
November 1, 2003 in each of Nordson Common Shares, the MidCap 400 Index and the S&P
MidCap 400 Industrial Machinery SHAREHOLDER RETURNS
                              TOTAL                                                                                                                            $90.00
                                                  INDEXED RETURNS
                                                 ToTal sHareHolDer reTUrn
                                                      inDeXeD reTUrns                                                                                          $80.00
               350
                             NORDSON CORPORATION
                                                                                                                                                               $70.00
               300
                             S&P MIDCAP 400
               250           S&P MIDCAP 400 INDUSTRIAL MACHINERY INDEX                                                                                         $60.00
    DOLLARS
     Dollars




               200                                                                                                                                             $50.00
                                                                                                                                                     Dollars




               150
                                                                                                                                                               $40.00

               100
                                                                                                                                                               $30.00
                50
                                                                                                                                                               $20.00
                 0
                           2003           2004               2005                 2006              2007               2008
                                                                                                                                                               $10.00

                                                               2003        2004          2005       2006       2007        2008
                                                                                                                                                                 $-
       NORDSON CORPORATION                                   100.00      128.62      139.57       174.81      206.01     144.03                                       4/30/2004     4/30/2005        4/30/2006               4/30/2007         4/30/2008        4/30/2009
       S&P MIDCAP 400                                        100.00      111.04      130.63       148.18      173.40     110.17
                                                                                                                                                                                                                   Year
       S&P MIDCAP 400
       INDUSTRIAL MACHINERY INDEX                            100.00      123.51      121.73       145.53      182.18     104.27
                                                                                                                                                    *Source: NASDAQ

								
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