<SEC-DOCUMENT>0001157523-15-004020.txt : 20151210
<SEC-HEADER>0001157523-15-004020.hdr.sgml : 20151210
<ACCEPTANCE-DATETIME>20151210163025
ACCESSION NUMBER:		0001157523-15-004020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151210
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151210
DATE AS OF CHANGE:		20151210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NORDSON CORP
		CENTRAL INDEX KEY:			0000072331
		STANDARD INDUSTRIAL CLASSIFICATION:	GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
		IRS NUMBER:				340590250
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07977
		FILM NUMBER:		151281184

	BUSINESS ADDRESS:	
		STREET 1:		28601 CLEMENS RD
		CITY:			WESTLAKE
		STATE:			OH
		ZIP:			44145
		BUSINESS PHONE:		4408921580

	MAIL ADDRESS:	
		STREET 1:		28601 CLEMENS ROAD
		CITY:			WESTLAKE
		STATE:			OH
		ZIP:			44145
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51241558.htm
<DESCRIPTION>NORDSON CORPORATION 8-K
<TEXT>
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      <font style="font-size: 12pt; font-family: Times New Roman">UNITED
      STATES SECURITIES AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">Washington,
      D.C. 20549</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">FORM
      8-K</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font><br><br><br><font style="font-size: 12pt; font-family: Times New Roman">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
    </p>
    <p style="text-align: center">
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman">Date of
      Report (Date of earliest event reported): &#160;December 10, 2015</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br>
    </p>
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          NORDSON CORPORATION
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          (Exact name of registrant as specified in its charter)
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        <td style="width: 10%">

        </td>
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          &#160;
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        <td style="border-bottom-color: black; width: 90%; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top">
          OHIO
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        <td style="width: 90%; text-align: center; padding-left: 0.0px" valign="top">
          (State or other jurisdiction of incorporation or organization)
        </td>
        <td style="width: 5%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            0-7977
          </p>
        </td>
        <td style="width: 30%">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; width: 37%; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            34-0590250
          </p>
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission file number)
          </p>
        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 37%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
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    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
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          &#160;
        </td>
        <td style="border-bottom-color: black; width: 50%; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top">
          28601 Clemens Road, Westlake, Ohio
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          (Address of principal executive offices)
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        <td style="width: 25%">

        </td>
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    </table>
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          &#160;
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          44145
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          (Zip Code)
        </td>
        <td style="width: 40%">

        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto; font-size: 10pt" cellspacing="0">
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          &#160;
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          (440) 892-1580
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        <td style="width: 15%">

        </td>
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        <td style="width: 70%; text-align: center; padding-left: 0.0px" valign="top">
          (Registrant's telephone number, including area code)
        </td>
        <td style="width: 15%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2 below):
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
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        <div style="text-align: left">

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          Page 1
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      </div>
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        <div style="text-align: right">

        </div>
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    </div>
    <p>

    </p>
    <p>
      Item 2.02. Results of Operations and Financial Condition
    </p>
    <p>
      On December 10, 2015, Nordson Corporation issued a press release
      relating to its results of operations for the fourth quarter of fiscal
      2015.&#160;&#160;A copy is attached as Exhibit 99.1.
    </p>
    <p>
      Item 9.01.&#160;Financial Statements and Exhibits
    </p>
    <p style="margin-left: 30.0px; font-family: Times New Roman; font-size: 10pt">
      c.)&#160;&#160;&#160;&#160;&#160;Exhibits
    </p>
    <p style="margin-left: 60.0px; font-family: Times New Roman; font-size: 10pt">
      99.1 Press release of Nordson Corporation dated December 10, 2015.
    </p>
    <p style="text-align: justify; text-indent: 90.0px">
      <br>
      <br>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">SIGNATURE</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <p>

    </p>
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            Date:
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        <td style="width: 44%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            December 10, 2015
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Nordson Corporation
          </p>
        </td>
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        <td style="width: 44%">

        </td>
        <td style="width: 5%">

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          &#160;
        </td>
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        <td style="width: 6%; text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="width: 44%">

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        <td style="width: 5%">

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        <td style="width: 45%">
          &#160;
        </td>
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            &#160;
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            &#160;
          </p>
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        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          By:
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>/s/ Gregory A. Thaxton</u>
          </p>
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        <td style="width: 44%">

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        <td style="width: 5%">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            Gregory A. Thaxton
          </p>
        </td>
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        <td style="width: 6%">

        </td>
        <td style="width: 44%">

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        <td style="width: 5%">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President, Chief
          </p>
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        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 5%">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            Financial Officer
          </p>
        </td>
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          Page 2
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    <p>

    </p>
    <p style="text-align: center">
      Form 8-K<br>Exhibit Index<br><br>
    </p>
    <div style="text-align:center">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit<br><u>Number</u>
          </p>
        </td>
        <td style="width: 86%">

        </td>
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        </td>
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          &#160;
        </td>
      </tr>
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        <td style="padding-right: 0.0px; white-space: nowrap; width: 14%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td style="width: 86%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press release of Nordson Corporation dated as of December 10, 2015.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      Page 3
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51241558ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Nordson
      Corporation Reports Fiscal Year 2015 Fourth Quarter and Full Year Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Sales
        in the fourth quarter are $446 million; full year sales are $1.69
        billion, inclusive of more than 3 percent organic growth compared to
        the prior year</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>GAAP
        diluted EPS in the fourth quarter and full year is $0.84 and $3.45,
        respectively; or $0.95 and $3.57 excluding one-time items, primarily
        related to short-term purchase accounting adjustments and previously
        announced margin improvement initiatives</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Unfavorable
        currency translation negatively impacts fourth quarter sales and
        diluted EPS as compared to the prior year by $32 million and
        approximately $0.15, respectively; full year impact compared to prior
        year is $115 million and approximately $0.54, respectively</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>$210
        million returned to shareholders through dividends and share
        repurchases in the quarter; $436 million for the full year</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Pro-forma
        12 week order rates decrease 5 percent from same period a year ago</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>First
        quarter fiscal 2016 guidance: sales volume expected in the range of
        flat to up 4 percent compared to the prior year, offset by 5 percent
        unfavorable currency translation at current rates; GAAP diluted EPS in
        the range of $0.47 to $0.57, inclusive of a $0.03 per share charge for
        non-recurring items</b></font></i>
      </li>
    </ul>
    <p>
      WESTLAKE, Ohio--(BUSINESS WIRE)--December 10, 2015--Nordson Corporation<b>
      </b>(Nasdaq: NDSN) today reported results for the fourth quarter of
      fiscal year 2015. For the quarter ending October 31, 2015, sales were
      $446 million, a 5 percent decrease as compared to the prior year&#8217;s
      fourth quarter. This change in sales included organic volume that was
      flat, a 2 percent increase related to the first year effect of
      acquisitions, and a 7 percent decrease related to the unfavorable
      effects of currency translation. Operating profit was $76 million, net
      income was $50 million, and GAAP diluted earnings per share were $0.84,
      inclusive of an $0.11 per share charge related to one-time items. Prior
      year fourth quarter sales, operating profit, net income and GAAP diluted
      earnings per share were $469 million, $106 million, $72 million and
      $1.13, respectively. A reconciliation of GAAP diluted EPS to normalized
      amounts and a calculation of free cash flow are included in the attached
      tables.
    </p>
    <p>
      &#8220;Nordson delivered fourth quarter sales within our range of guidance,
      resulting in full year organic growth of more than three percent
      compared to the prior year,&#8221; said Nordson President and Chief Executive
      Officer Michael F. Hilton. &#8220;Fourth quarter sales were impacted by
      negative currency translation and very challenging comparisons to the
      same period a year ago, where we delivered organic volume growth of 13
      percent. We did generate strong organic growth during the quarter in our
      Adhesive Dispensing segment and solid organic growth in the Industrial
      Coating segment, which was offset by softness in selected electronics
      end markets in the Advanced Technology segment that are cyclical in
      nature.&#8221;
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Reported operating margin in the quarter was 17 percent. One-time items
      in the quarter impacted operating margin by more than two percentage
      points compared to the prior year, and included charges for short-term
      purchase accounting adjustments related to acquired inventory and for
      restructuring related to previously announced margin improvement
      initiatives. Negative currency translation compared to the prior also
      impacted operating margin by approximately two percentage points in the
      quarter. Excluding the one-time items and the effects of currency,
      operating margin in the quarter was approximately 21 percent, a solid
      level given flat organic volume and this quarter&#8217;s product mix. Diluted
      earnings per share as reported included a charge of $0.11 related to
      one-time items and were also negatively impacted by approximately $0.15
      due to unfavorable currency translation as compared to the prior year.
      We generated free cash flow in the quarter before dividends of $80
      million, representing strong cash conversion. We also continued to
      execute in all phases of our capital deployment strategy during the
      quarter, closing on the MatriX Technologies and WAFO acquisitions,
      distributing approximately $14 million in dividends and investing $196
      million for the repurchase of shares.&#8221;
    </p>
    <p>
      <u><b>Fourth Quarter Segment Results</b></u>
    </p>
    <p>
      Sales volume in the Adhesive Dispensing Systems segment improved 8
      percent compared to the fourth quarter a year ago, inclusive of 7
      percent organic growth and 1 percent growth from the first year effect
      of the WAFO acquisition. The sales volume growth was offset by a 10
      percent decrease related to unfavorable currency translation. &#8220;Organic
      growth was strong in nonwoven, rigid packaging, injection molding and
      pelletizing product lines and in most geographies, reflecting the
      resilience of the consumer non-durable end markets served by this
      segment,&#8221; said Hilton. Reported operating margin in this segment was 21
      percent in the fourth quarter, or 24 percent on a normalized basis to
      exclude one-time items related to restructuring activities and purchase
      accounting charges for acquired inventory. Excluding these one-time
      items and the approximate effects of negative currency translation
      compared to the prior year, segment operating margin was 27 percent in
      the quarter.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Sales volume in the Advanced Technology Systems segment decreased 7
      percent compared to the fourth quarter a year ago, inclusive of an 11
      percent decrease in organic volume offset by a 4 percent increase
      related to the first year effect of the Liquidyn and MatriX
      acquisitions. Sales were also negatively impacted by approximately 3
      percent related to unfavorable currency translation. &#8220;Organic growth in
      fluid management product lines, driven by strong demand in medical end
      markets, was offset by lower demand for electronic systems product
      lines,&#8221; said Hilton. &#8220;Results also were impacted by very challenging
      comparisons to the prior year fourth quarter, where we delivered organic
      volume growth of 21 percent in the prior year&#8217;s fourth quarter.
      Geographically, positive organic growth in the U.S. and Europe was
      offset by slower demand in other regions.&#8221; Reported operating margin in
      this segment was 17 percent in the fourth quarter, or 18 percent on a
      normalized basis to exclude one-time items related to restructuring
      activities and purchase accounting charges for acquired inventory. The
      effects of currency on operating margin as compared to the prior year
      were negligible.
    </p>
    <p>
      Organic sales volume in the Industrial Coating Systems segment improved
      2 percent compared to the fourth quarter a year ago, offset by a 6
      percent decrease related to unfavorable currency translation. &#8220;Growth
      was driven by demand for our powder coating, liquid coating, and cold
      material dispensing product lines in durable goods end markets,&#8221; said
      Hilton. Solid demand in the Americas, Asia Pacific and Europe was offset
      by softness in other regions. Reported operating margin in this segment
      was 19 percent in the fourth quarter, or 20 percent on a normalized
      basis to exclude one-time items related to restructuring activities.
      Excluding these one-time items and the approximate effects of negative
      currency translation compared to the prior year, segment operating
      margin was 22 percent in the quarter.
    </p>
    <p>
      Detailed results by operating segment and geography are included in the
      attached tables.
    </p>
    <p>
      <u><b>Fiscal 2015 Full Year Results</b></u>
    </p>
    <p>
      Sales for the fiscal year ended October 31, 2015 were $1.69 billion,
      down approximately 1 percent from the same period a year ago. Sales
      volume increased by 6 percent, consisting of more than 3 percent organic
      volume growth and more than 2 percent growth related to the first year
      effect of acquisitions, offset by negative currency translation effects
      of 7 percent. Full year operating profit was $318 million, net income
      was $211 million and GAAP diluted earnings per share were $3.45,
      inclusive of a $0.12 per share charge related to one-time items. Prior
      year sales, operating profit, net income and GAAP diluted earnings per
      share were $1.70 billion, $367 million, $247 million and $3.84,
      respectively.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Unfavorable currency translation negatively impacted full year sales by
      $115 million and diluted earnings per share by approximately $0.54,&#8221;
      said Hilton. &#8220;Given the weak macroeconomic environment, we are pleased
      with our full year organic growth of more than three percent. This
      reflects Nordson&#8217;s continued focus on providing customers with
      best-in-class technology, application expertise and global support.
      Reported operating margin for the year was 19 percent. Excluding
      one-time items and the approximate effects of unfavorable currency
      translation compared to the prior year, total company operating margin
      for the year was 21 percent. We also continued to generate strong cash
      flow which enabled us to execute on our multi-pronged approach to
      capital deployment. In addition to funding organic growth initiatives,
      we completed three acquisitions during the year within our targeted
      spaces. We also returned $436 million directly to shareholders during
      the year through dividends, which we raised for the 52<sup>nd</sup>
      consecutive year, and share repurchases.&#8221;
    </p>
    <p>
      <u><b>Order Rates and Backlog</b></u>
    </p>
    <p>
      Order rates for the 12-week period ending December 6, 2015, measured in
      constant currency, decreased by 5 percent over the same period a year
      ago. Order rates by segment and geography are provided in the
      accompanying financial tables, with pro-forma growth in order rates
      calculated as though fiscal year 2015 acquisitions were owned in both
      years.
    </p>
    <p>
      Backlog for the quarter ended October 31, 2015 was approximately $229
      million, an increase of 8 percent compared to the same period a year
      ago, and inclusive of 5 percent organic growth and 3 percent growth due
      to the WAFO, Liquidyn and MatriX acquisitions. Backlog amounts are
      calculated at October 31, 2015 exchange rates.
    </p>
    <p>
      <u><b>Outlook</b></u>
    </p>
    <p>
      For the first quarter of fiscal 2016, sales are expected to be in the
      range of down 1 percent to down 5 percent as compared to the first
      quarter a year ago. This range is inclusive of organic volume down 3
      percent to up 1 percent, 3 percent growth from the first year effect of
      acquisitions, and a negative 5 percent impact related to the unfavorable
      effects of currency translation based on the current exchange rate
      environment. GAAP diluted earnings per share are expected to be in the
      range of $0.47 to $0.57, inclusive of a $0.03 per share charge related
      to non-recurring items. This outlook is also inclusive of an unfavorable
      currency translation effect of approximately $0.08 per share at current
      exchange rates<i>.</i>
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      &#8220;Our first quarter forecast reflects our backlog, current 12 week order
      rates, typical seasonality, and challenging comparisons to the same
      period a year ago,&#8221; said Hilton. &#8220;As we begin 2016, we will continue to
      target organic growth that exceeds global GDP, driven by our ongoing
      initiatives around new products, new applications, penetration of
      emerging markets, and recapitalization of our installed base. The
      diverse set of end markets we serve are expected to grow over the long
      term and we are well positioned to meet customer needs with global
      direct sales and service. As we noted in our previous quarter&#8217;s earnings
      call, given the weak macroeconomic backdrop, we have initiated actions
      across the portfolio that will improve our normalized margins, with some
      of the benefit to be realized during fiscal 2016. These benefits are
      independent of additional margin benefits we may realize related to
      sales volume leverage.&#8221;
    </p>
    <p>
      Nordson will broadcast its fourth quarter conference call on its web
      site at <u>www.nordson.com/investors</u> on Friday, December 11, 2015 at
      8:30 a.m. eastern time. For persons unable to listen to the live
      broadcast, a replay will be available for 14 days after the event.
      Information about Nordson&#8217;s investor relations and shareholder services
      is available from James R. Jaye, Director of Communications &amp; Investor
      Relations at (440) 414-5639 or <u>jim.jaye@nordson.com</u>.
    </p>
    <p>
      Except for historical information and comparisons contained herein,
      statements included in this release may constitute &#8220;forward-looking
      statements,&#8221; as defined by the Private Securities Litigation Reform Act
      of 1995. These statements involve a number of risks, uncertainties and
      other factors, as discussed in the company&#8217;s filing with the Securities
      and Exchange Commission that could cause actual results to differ.
    </p>
    <p>
      Nordson Corporation engineers, manufactures and markets differentiated
      products and systems used to dispense, apply and control adhesives,
      coatings, polymers, sealants, biomaterials, and other fluids, to test
      and inspect for quality, and to treat and cure surfaces. These products
      are supported by application expertise and direct global sales and
      service. Nordson serves a wide variety of consumer non-durable, durable
      and technology end markets including packaging, nonwovens, electronics,
      medical, appliances, energy, transportation, construction, and general
      product assembly and finishing. Founded in 1954 and headquartered in
      Westlake, Ohio, the company has operations and support offices in more
      than 30 countries. Visit Nordson on the web at <u>www.nordson.com</u>, <u>www.twitter.com/Nordson_Corp</u>
      or <u>www.facebook.com/nordson</u>.
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="17">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Dollars in thousands except for per-share amounts)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FOURTH QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Period Ending October 31, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>CONSOLIDATED STATEMENT OF INCOME</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          Year-to-Date
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net sales
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          446,200
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          468,590
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,688,666
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,704,021
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          211,339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          211,337
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          774,702
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          758,923
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Selling &amp; administrative expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          159,213
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          151,296
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          596,234
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          577,993
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Operating profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          75,648
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          105,957
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          317,730
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          367,105
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Interest expense - net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,988
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (4,003
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (17,546
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (14,454
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other income (expense) - net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          1,465
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          713
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          678
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (138
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          72,125
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          102,667
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          300,862
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          352,513
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22,501
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          30,587
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          89,751
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          105,740
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Net Income
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          49,624
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          72,080
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          211,111
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          246,773
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Return on sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          11
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          15
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          13
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          14
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Return on average shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          27
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          31
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          26
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          27
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Average common shares outstanding (000's)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          58,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          62,954
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          60,652
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          63,656
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Average common shares and common share equivalents (000's)
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          59,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          63,561
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          61,151
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          64,281
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Per share:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Basic earnings
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .84
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.14
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.48
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.88
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Diluted earnings
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .84
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.84
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Dividends paid
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .24
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .90
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          .76
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total dividends
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          14,383
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          13,866
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          54,849
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          48,391
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Dollars in thousands except for per-share amounts)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FOURTH QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Period Ending October 31, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>CONSOLIDATED BALANCE SHEET</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          October 31
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          October 31
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Cash and marketable securities
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          50,268
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          42,314
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          389,550
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          365,844
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          225,672
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          210,871
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          46,101
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          53,654
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          711,591
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          672,683
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Property, plant &amp; equipment - net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          249,940
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          224,439
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          1,398,913
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          1,383,008
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2,360,444
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2,280,130
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Notes payable and debt due within one year
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          23,950
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          116,932
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Accounts payable and accrued liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          266,826
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          253,936
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 25.0px" valign="top">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          290,776
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          370,868
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Long-term debt
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1,092,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          682,868
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          317,009
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          321,597
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Total shareholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          660,016
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          904,797
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2,360,444
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2,280,130
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other information:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Employees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6,232
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5,966
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Common shares outstanding (000's)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          57,358
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          62,435
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="33">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="35">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="35">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="35">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Dollars in thousands)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="33">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="35">
          FOURTH QUARTER PERIOD
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="35">
          Period Ending October 31, 2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="35">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="7">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          % Growth over 2014
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          Year-to-Date
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          % Growth over 2014
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>SALES BY BUSINESS SEGMENT</u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Volume
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Currency
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Volume
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Currency
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Total
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adhesive dispensing systems
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          226,931
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          231,509
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -9.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -2.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          836,066
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          899,696
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -9.4
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -7.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Advanced technology systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          147,270
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          161,979
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -6.5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -2.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -9.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          593,858
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          561,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -2.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5.7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Industrial coating systems
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          71,999
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          75,102
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.0
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -6.1
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -4.1
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          258,742
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          242,541
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          12.5
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -5.8
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6.7
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Total sales by business segment
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          446,200
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          468,590
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2.0
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -6.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -4.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1,688,666
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1,704,021
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          5.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -6.7
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -0.9
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="7">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="7">
          Year-to-Date
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>OPERATING PROFIT BY BUSINESS SEGMENT</u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adhesive dispensing systems
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          46,939
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          58,131
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          195,902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          229,556
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Advanced technology systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          24,719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          42,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          120,940
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          140,240
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Industrial coating systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          13,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          16,355
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          41,458
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          38,117
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Corporate
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (9,864
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (11,105
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (40,570
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (40,808
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Total operating profit by business segment
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          75,648
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          105,957
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          317,730
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          367,105
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          Fourth Quarter
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="9">
          % Growth over 2014
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          Year-to-Date
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="8">
          % Growth over 2014
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>SALES BY GEOGRAPHIC REGION</u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Volume
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Currency
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Total
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Volume
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Currency
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          Total
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          United States
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          137,749
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          142,872
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -3.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -3.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          529,893
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          503,776
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          5.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Americas
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          35,100
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          31,288
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          31.4
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -19.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          12.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          129,325
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          120,993
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          18.8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -11.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          6.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          128,322
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          129,366
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          12.0
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -12.8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -0.8
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          462,565
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          494,538
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          8.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -14.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -6.5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Japan
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          31,118
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          37,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -5.1
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -11.5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -16.6
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          107,797
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          127,057
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -1.3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -13.9
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -15.2
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Asia Pacific
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          113,911
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          127,734
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -7.0
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -3.8
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -10.8
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          459,086
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          457,657
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          2.6
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -2.3
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.3
        </td>
        <td style="padding-bottom: 2.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Total Sales by Geographic Region
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          446,200
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          468,590
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          2.0
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -6.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -4.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1,688,666
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1,704,021
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          5.8
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -6.7
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          -0.9
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="7">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="bottom" colspan="7">
          Year-to-Date
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>FREE CASH FLOW BEFORE DIVIDENDS</u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          49,624
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          72,080
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          211,111
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          246,773
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          16,123
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          15,915
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          65,194
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          59,754
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other non-cash charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          4,293
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          9,080
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          18,808
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          22,387
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Changes in operating assets and liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          23,072
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          8,122
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (33,162
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (40,759
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          93,112
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          105,197
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          261,951
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          288,155
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Additions to property, plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (13,189
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (15,638
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (62,087
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (43,574
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Proceeds from the sale of property, plant and equipment
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          109
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          45
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          597
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          323
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Free cash flow before dividends
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          80,032
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          89,604
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          200,461
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          244,904
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          ORDER RATES FOR 12-WEEK PERIOD ENDING DECEMBER 6, 2015
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="9">
          CHANGE FROM PRIOR YEAR
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>BUSINESS SEGMENT</u>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>% CHANGE</u>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>GEOGRAPHY</u>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>% CHANGE</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adhesive dispensing systems
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          7
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          United States
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -12
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Advanced technology systems
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -16
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Americas
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          11
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Industrial coating systems
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -14
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Europe
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          10
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Japan
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -3
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="top">
          Asia Pacific
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -13
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -5
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Notes:
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          1. Numbers in this table are unaudited and exclude the effects of
          currency movements.
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2. Pro-forma changes in order rates were calculated as though 2015
            acquisitions were owned in both years.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          FOURTH QUARTER PERIOD
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Period Ending October 31, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="17">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: center; padding-left: 0.0px" valign="top" colspan="7">
          Year-to-Date
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2015
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Diluted EPS as reported (U.S. GAAP)
        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.84
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          1.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.45
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          3.84
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Short-term inventory purchase accounting adjustments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.04
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Severance and restructuring
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.11
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.03
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Pension settlement expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gain on property insurance settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.01
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.01
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Litigation settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.02
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          (0.02
        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-right: 0.0px; white-space: nowrap; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px" valign="top">
          Discrete tax items
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (0.04
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (0.02
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px" valign="top">
          Diluted EPS as adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          0.95
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1.15
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          3.57
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          3.88
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Adjusted EPS and operating margin are not measurements of financial
          performance under GAAP, and should not be considered as alternatives
          to EPS and operating margin determined in accordance with GAAP.
          Management believes that EPS and operating margin as adjusted to
          exclude the items in the tables above assist in understanding the
          results of Nordson Corporation. Our calculations of these non-GAAP
          measures may not be comparable to the calculations of similarly
          titled measures reported by other companies.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Nordson Corporation<br>James R. Jaye, 440-414-5639<br>Director,
      Communications &amp; Investor Relations<br><u>Jim.Jaye@nordson.com</u>
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
