<SEC-DOCUMENT>0001157523-18-000397.txt : 20180222
<SEC-HEADER>0001157523-18-000397.hdr.sgml : 20180222
<ACCEPTANCE-DATETIME>20180222163054
ACCESSION NUMBER:		0001157523-18-000397
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180222
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180222
DATE AS OF CHANGE:		20180222

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:		18632971

	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>a51762923.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;February 22, 2018</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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        <td style="width: 10%">

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 80%">
          (Exact name of registrant as specified in its charter)
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        <td style="width: 10%">

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

        </td>
      </tr>
    </table>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            0-7977
          </p>
        </td>
        <td style="width: 30%">
          &#160;
        </td>
        <td valign="top" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; width: 37%; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            34-0590250
          </p>
        </td>
      </tr>
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        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission file number)
          </p>
        </td>
        <td style="width: 30%">

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

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

        </td>
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    </table>
    </div>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
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          &#160;
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        <td valign="top" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; width: 70%; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (440) 892-1580
        </td>
        <td style="width: 15%">

        </td>
      </tr>
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        <td style="width: 15%">

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        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 70%">
          (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>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#194;&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#194;&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 0pt">
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        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center; font-family: Times New Roman; font-size: 10pt">
          Page 1
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        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

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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.&#160;&#160;Results of Operations and Financial Condition
    </p>
    <p>
      On February 22, 2018, Nordson Corporation issued a press release
      relating to its results of operations for the first quarter of fiscal
      2018.&#160;&#160;A copy is attached as Exhibit 99.1.
    </p>
    <p style="white-space: nowrap">
      Item 9.01. &#160;Financial Statements and Exhibits
    </p>
    <p style="white-space: nowrap; margin-left: 30.0px">
      c.)&#160;&#160;Exhibits
    </p>
    <p style="white-space: nowrap; margin-left: 30.0px">
      &#160;&#160;&#160;&#160;&#160;&#160;99.1 Press release of Nordson Corporation dated February 22, 2018.
    </p>
    <p style="text-align: center">
      <br>
      <br>
      <br>
      <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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          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 46%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            February 22, 2018
          </p>
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Nordson Corporation
          </p>
        </td>
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        <td style="width: 6%">

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        <td style="width: 46%">

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

        </td>
        <td style="width: 46%">

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        <td style="width: 45%">
          &#160;
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        <td style="width: 46%">

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          &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 3%">
          By:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>/s/ Gregory A. Thaxton</u>
          </p>
        </td>
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        <td style="width: 3%">

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

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 45%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President, Chief
          </p>
        </td>
      </tr>
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        <td style="width: 6%">

        </td>
        <td style="width: 46%">

        </td>
        <td style="width: 3%">

        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
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        <div style="text-align: left">

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          Page 2
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        <div style="text-align: right">

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    </div>
    <p>

    </p>
    <p style="text-align: center">
      Form 8-K<br>Exhibit Index<br><br>
    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
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        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 14%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit<br><u>Number</u>
          </p>
        </td>
        <td style="width: 86%">

        </td>
      </tr>
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        <td style="width: 14%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 86%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 14%; white-space: nowrap; padding-right: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51762923ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 86%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51762923ex99_1.htm">Press release of Nordson Corporation
            dated as of February 22, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      Page 3
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51762923ex99_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 Record First Quarter Sales, Operating Profit,
      Diluted Earnings per Share, and EBITDA</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Sales
        increased 35 percent over prior year&#8217;s first quarter to $550 million</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Operating
        profit increased 55 percent over prior year&#8217;s first quarter to $118
        million and is inclusive of $6 million of incremental intangible asset
        amortization expense over prior year related to acquisitions</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>First
        quarter EBITDA increased 49 percent over prior year&#8217;s first quarter to
        $141 million</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 increased 107 percent over prior year&#8217;s first quarter to
        $1.78; adjusted diluted EPS of $1.35 increased 57 percent over prior
        year&#8217;s first quarter</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Second
        quarter 2018 guidance: sales expected to increase 9 to 13 percent over
        prior year; GAAP diluted EPS in the range of $1.33 to $1.47; EBITDA in
        the range of $143 to $154 million</b></font></i>
      </li>
    </ul>
    <p>
      WESTLAKE, Ohio--(BUSINESS WIRE)--February 22, 2018--Nordson Corporation<b>
      </b>(Nasdaq: NDSN) today reported results for the first quarter of
      fiscal year 2018. For the quarter ending January 31, 2018, sales were
      $550 million, a 35 percent increase over the prior year&#8217;s first quarter.
      This change in sales included organic volume growth of approximately 19
      percent, growth related to the first year effect of acquisitions of
      approximately 12 percent, and an increase related to the favorable
      effects of currency translation as compared to the prior year&#8217;s first
      quarter of approximately 5 percent. Reported operating profit was $118
      million, net income was $105 million, and GAAP diluted earnings per
      share were $1.78, inclusive of a net $0.43 per diluted share benefit
      from one-time items mostly related to the impact of the U.S. tax reform.
      Prior year first quarter sales, operating profit, net income and GAAP
      diluted earnings per share were $407 million, $76 million, $50 million
      and $0.86, respectively. A reconciliation of GAAP diluted earnings per
      share to adjusted diluted earnings per share and calculations for
      EBITDA, adjusted EBITDA, free cash flow before dividends, and adjusted
      free cash flow before dividends are included in the attached financial
      exhibits.
    </p>
    <p>
      &#8220;Our team delivered impressive sales, operating profit, diluted earnings
      per share, and EBITDA in the quarter against very challenging prior year
      comparisons, where total company organic sales growth was 10 percent,&#8221;
      said Michael F. Hilton, Nordson President and Chief Executive Officer.
      &#8220;Demand was robust in most all product lines, led by electronics and
      medical end markets within the Advanced Technology Systems segment. With
      this strong top line growth, Nordson delivered exceptional results for
      the quarter where EBITDA margin improved 250 basis points as compared to
      the prior year&#8217;s first quarter to 26 percent of sales,&#8221; Hilton added.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      The current quarter&#8217;s results include incremental intangible asset
      amortization expense of $6 million over the prior year, or $0.08 per
      diluted share, and charges of $1 million, or $0.01 per diluted share,
      for short-term purchase accounting related to the step-up in value of
      acquired inventory and $1 million, or $0.01 per diluted share, of
      non-recurring restructuring charges. As a result of U.S. federal income
      tax reform legislation passed in 2017, a one-time discrete tax benefit
      of $22 million, or $0.37 per diluted share, was recognized in the
      quarter. This includes a benefit of $45 million related to the
      revaluation of net deferred tax liabilities and a charge of $23 million
      for the transition tax on deemed unrepatriated foreign earnings.
      Additionally, a discrete tax benefit of $5 million, or $0.08 per diluted
      share, was recognized in the quarter related to the adoption of a new
      accounting standard requiring excess tax benefits related to share-based
      payment transactions to be credited to income tax expense rather than
      equity.
    </p>
    <p>
      <u><b>First Quarter Segment Results</b></u>
    </p>
    <p>
      Adhesive Dispensing Systems sales increased 6 percent compared to the
      prior year&#8217;s first quarter, inclusive of less than 1 percent organic
      growth and a 6 percent increase related to the favorable effects of
      currency translation as compared to the prior year. Solid growth in most
      product lines was offset by softness in polymer processing product
      lines. Reported operating margin in the segment was 24 percent, or 25
      percent on an adjusted basis to exclude non-recurring restructuring
      charges of $1 million related to a previously announced U.S. facility
      consolidation.
    </p>
    <p>
      Advanced Technology Systems sales increased 87 percent compared to the
      prior year&#8217;s first quarter, including a 50 percent increase in organic
      volume, a 33 percent increase related to the first year effect of
      acquisitions, and a 4 percent increase related to the favorable effects
      of currency translation as compared to the prior year. All product lines
      contributed to this growth. The quarter&#8217;s acquisitive growth includes
      the fiscal 2017 acquisitions of ACE, InterSelect, Plas-Pak and Vention
      Medical, and one month of the fiscal 2018 acquisition of Sonoscan.
      Reported operating margin in the segment was 25 percent in the quarter,
      or 27 percent on an adjusted basis to exclude $6 million of incremental
      intangible asset amortization expense and $1 million of short-term
      purchase accounting charges related to the step-up in value of acquired
      inventory from the Sonoscan acquisition.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      Industrial Coating Systems sales increased approximately 7 percent
      compared to the prior year&#8217;s first quarter, including 3 percent organic
      growth and a 3 percent increase due to the favorable effects of currency
      translation as compared to the prior year. Powder, container, and liquid
      finishing product lines drove the growth this quarter. Reported
      operating margin in the segment was 18 percent, a 450 basis point
      improvement compared to the prior year&#8217;s first quarter.
    </p>
    <p>
      Detailed results by operating segment and geography are included in the
      attached financial exhibits. &#8220;Excluding the one-time charges in both
      years and the incremental $6 million of intangible asset amortization
      expense in the current year&#8217;s first quarter, adjusted operating margin
      was 23 percent in the current quarter, up 420 basis points over the
      prior year, representing very strong first quarter performance,&#8221; said
      Hilton.
    </p>
    <p>
      <u><b>Backlog</b></u>
    </p>
    <p>
      Backlog for the quarter ended January 31, 2018 was approximately $405
      million, an increase of 24 percent compared to the same period a year
      ago, inclusive of 9 percent organic growth and 15 percent growth due to
      acquisitions. Backlog amounts are calculated at January 31, 2018
      exchange rates and include acquisitions that closed prior to the end of
      the first quarter of 2018.
    </p>
    <p>
      <u><b>Outlook</b></u>
    </p>
    <p>
      For the second quarter of fiscal 2018, sales are expected to increase 9
      percent to 13 percent compared to the second quarter a year ago. This
      outlook includes a range for organic volume to be down 3 percent to up 1
      percent, 7 percent growth from the first year effect of acquisitions,
      and a positive currency effect of 5 percent based on the current
      exchange rate environment as compared to the prior year. At the midpoint
      of this outlook, operating margin is expected to be approximately 22
      percent, or 23 percent excluding $6 million of incremental intangible
      amortization expense over the prior year. GAAP diluted earnings per
      share are expected to be in the range of $1.33 to $1.47, inclusive of
      $0.08 per diluted share of incremental intangible asset amortization
      expense over the prior year and an estimated effective tax rate of 25
      percent. At the midpoint of the guidance, EBITDA and EBITDA margin are
      expected to be $149 million and 27 percent, respectively.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      &#8220;Current backlog and project timing indicates more modest sales growth
      at the midpoint of our second quarter guidance, where prior year total
      company organic sales growth was 9 percent,&#8221; said Hilton. &#8220;We continue
      to focus our efforts on technology leadership, product-tiering, new
      applications, and market penetration to drive growth over the long term.&#8221;
    </p>
    <p>
      Nordson management will provide additional commentary on these results
      and outlook during a conference call Friday, February 23, 2018 at 8:30
      a.m. eastern time which can be accessed at <u>www.nordson.com/investors</u>.
      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 Gregory A.
      Thaxton, Senior Vice President and Chief Financial Officer at (440)
      414-5388 or <u>greg.thaxton@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 for the precision dispensing of adhesives,
      coatings, sealants, biomaterials, polymers, plastics and other
      materials, fluid management, test and inspection, UV curing and plasma
      surface treatment, all 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 35 countries. Visit Nordson on the web at <u>http://www.nordson.com</u>,
      @Nordson_Corp, or <u>www.facebook.com/nordson</u>.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

        </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="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          FINANCIAL HIGHLIGHTS
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="9">
          (Dollars in thousands except for per-share amounts)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="9">
          FIRST QUARTER PERIOD
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="9">
          Period Ending January 31, 2018
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="9">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>CONSOLIDATED STATEMENT OF INCOME</u>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px" colspan="7">
          First Quarter
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          550,424
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          407,470
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          249,421
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          182,332
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          183,280
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          149,220
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Operating profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          117,723
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          75,918
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (11,028
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (5,368
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (3,177
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (157
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          103,518
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          70,393
        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (1,037
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          20,405
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Net Income
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          104,555
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          49,988
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          19
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          12
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Return on average shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          34
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          57,755
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          57,349
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          58,874
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          58,023
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1.81
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          .87
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1.78
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          .86
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          .30
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          17,321
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          15,475
        </td>
        <td>

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

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          January 31
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="2">
          October 31
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="2">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="2">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          132,842
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          90,383
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          488,282
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          505,087
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          275,690
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          264,266
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          31,221
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          28,636
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          928,035
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          888,372
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          356,774
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          346,411
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          2,215,827
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          2,179,756
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          3,500,636
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          3,414,539
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          326,587
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          326,587
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          283,186
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          321,159
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          609,773
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          647,746
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1,258,843
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1,256,397
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Other liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          336,899
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          354,903
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Total shareholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          1,295,121
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          1,155,493
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          3,500,636
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          3,414,539
        </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 valign="bottom" style="text-align: left; padding-left: 0.0px">
          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 valign="bottom" style="text-align: left; padding-left: 0.0px">
          Employees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          7,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          7,532
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          57,973
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          57,715
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

        </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="7">

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

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

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Dollars in thousands)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FIRST QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Period Ending January 31, 2018
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="7">
          First Quarter
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="8">
          % Growth over 2017
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>SALES BY BUSINESS SEGMENT</u>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2017
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid" 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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adhesive dispensing systems
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          220,864
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          207,837
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          0.6
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          6.3
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Advanced technology systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          271,701
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          145,360
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          83.3
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          86.9
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Industrial coating systems
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          57,859
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          54,273
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          3.2
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          3.4
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          6.6
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Total sales by business segment
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          550,424
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          407,470
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          30.4
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          4.7
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          35.1
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </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">
          &#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">
          &#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">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="7">
          First Quarter
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2017
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adhesive dispensing systems
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          53,315
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          53,056
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          67,268
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          26,363
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          10,160
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          7,085
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (13,020
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (10,586
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Total operating profit by business segment
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          117,723
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          75,918
        </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">
          &#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">
          &#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">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="7">
          First Quarter
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="8">
          % Growth over 2017
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>SALES BY GEOGRAPHIC REGION</u>
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2017
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-style: solid" 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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          United States
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          165,831
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          125,521
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          32.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          32.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Americas
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          34,279
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          30,042
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          11.3
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          2.8
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          14.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          141,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          119,159
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          11.2
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          19.1
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Japan
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          65,869
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          24,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          171.2
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1.2
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          172.4
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Asia Pacific
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          142,507
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          108,571
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          27.2
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          31.3
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          %
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Total Sales by Geographic Region
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          550,424
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          407,470
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          30.4
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          4.7
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          35.1
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          %
        </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">
          &#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>
      </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="7">
          First Quarter
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2017
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          104,555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          49,988
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          26,285
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          18,497
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (37,893
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          5,707
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          16,331
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          6,959
        </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 valign="bottom" style="text-align: left; padding-left: 0.0px">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          109,278
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          81,151
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Additions to property, plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (16,681
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (10,079
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          68
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          3,500
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Free cash flow before dividends
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          92,665
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          74,572
        </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">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adjustments:
        </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>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px">
          Acquisition costs and adjustments, net of tax<sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          790
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          118
        </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 valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Free cash flow before dividends, adjusted
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          93,455
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          74,690
        </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>
    </table>
    </div>
    <p>
      <sup>(1) </sup>Represents one-time costs, net of tax, associated with
      our 2018 and 2017 acquisitions, including the step up in the value of
      acquired inventory that are required to be expensed as incurred.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; width: 100%; margin-right: 0pt; margin-left: 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="color: black; height: 1.5pt">

        </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="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="8">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="8">
          <p style="margin-bottom: 0px; margin-top: 0px">
            RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="8">
          <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="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="8">
          <p style="margin-bottom: 0px; margin-top: 0px">
            FIRST QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="8">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Period Ending January 31, 2018
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px" colspan="8">
          <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="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          EBITDA and EBITDA per diluted share
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="6">
          First Quarter
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="2">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          104,555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          49,988
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adjustments:
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Depreciation and amortization expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          26,285
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          18,497
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 15.0px">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          11,028
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          5,368
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px">
          Income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (1,037
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          20,405
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          EBITDA
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          140,831
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          94,258
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Adjustments:
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px">
          Acquisition costs and adjustments <sup>(1)</sup>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          1,053
        </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 valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          166
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          EBITDA As Adjusted
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          141,884
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          94,424
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          EBITDA per diluted share
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          2.39
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          1.62
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          EBITDA As Adjusted per diluted share
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          2.41
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          1.63
        </td>
      </tr>
    </table>
    </div>
    <p>
      <sup>(1) </sup>Represents one-time costs associated with our 2018 and
      2017 acquisitions, including the step up in the value of acquired
      inventory that are required to be expensed as incurred.
    </p>
    <p>
      EBITDA and EBITDA per diluted share are non-GAAP financial measures used
      by management to evaluate the Company's ongoing operations. EBITDA is
      defined as earnings before interest, taxes, depreciation and
      amortization and EBITDA As Adjusted is defined as EBITDA plus certain
      acquisition costs and adjustments. EBITDA per diluted share is defined
      as EBITDA divided by the Company's diluted weighted average shares
      outstanding. EBITDA As Adjusted per diluted share is defined as EBITDA
      As Adjusted divided by the Company's diluted weighted average shares
      outstanding.
    </p>
<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="2">

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px" colspan="6">
          First Quarter
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="3">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: center; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid" colspan="2">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Diluted EPS as reported (U.S. GAAP)
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          1.78
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          0.86
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          Short-term inventory purchase accounting adjustments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          -
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px">
          U.S. Tax Reform discrete item
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          (0.37
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          (0.08
        </td>
        <td valign="bottom" style="text-align: left; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: solid">
          -
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Diluted EPS as adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          1.35
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="text-align: right; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 2.25pt; white-space: nowrap; padding-right: 0.0px; border-bottom-style: double">
          0.86
        </td>
      </tr>
    </table>
    </div>
    <p>
      Adjusted Diluted EPS is not a measurement of financial performance under
      GAAP, and should not be considered as an alternative to EPS determined
      in accordance with GAAP. Management believes that EPS as adjusted to
      exclude the items in the table above assist in understanding the results
      of Nordson Corporation. Our calculations of this non-GAAP financial
      measure may not be comparable to the calculations of similarly titled
      measures reported by other companies.
    </p>
    <p>
      CONTACT:<br>Nordson Corporation<br>Gregory A. Thaxton, 440-414-5388<br>Senior
      Vice President and Chief Financial Officer<br><u>Greg.Thaxton@nordson.com</u>
    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
