<SEC-DOCUMENT>0001157523-18-002572.txt : 20181212
<SEC-HEADER>0001157523-18-002572.hdr.sgml : 20181212
<ACCEPTANCE-DATETIME>20181212163030
ACCESSION NUMBER:		0001157523-18-002572
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181212
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181212
DATE AS OF CHANGE:		20181212

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:		181231161

	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>a51913312.htm
<DESCRIPTION>NORDSON CORPORATION 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>UNITED STATES</b></font><br><font style="font-size: 14pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 14pt"><b>Washington,
      D.C. 20549</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>FORM 8-K</b></font><br><font style="font-size: 14pt"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b>
    </p>
    <p style="text-align: center">
      Date of Report (Date of earliest event reported):<b> <font style="font-family: Times New Roman; font-size: 10pt">December
      12, 2018</font></b><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>NORDSON CORPORATION</b></font><br>(Exact
      Name of Registrant as Specified in its Charter)
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 35%; text-align: center">
          <b>Ohio</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 30%; text-align: center">
          <b>0-7977</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 35%; text-align: center">
          <b>34-0590250</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 35%; text-align: center">
          (State or Other

          <p style="margin-top: 0px; margin-bottom: 0px">
            Jurisdiction of Incorporation)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: center">
          (Commission File Number)
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 35%; text-align: center">
          (I.R.S. Employer

          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification Number)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>28601 Clemens Road</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>Westlake, Ohio 44145</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive<br>Offices, including Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      Registrant&#8217;s Telephone Number, including Area Code: <b>440-892-1580</b>
    </p>
    <p>

    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">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 </font>(see General Instruction A.2. below):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">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-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter). </font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Emerging
      growth company &#160;</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font> <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 10%; text-align: left">
          <b>Item 2.02.</b>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 90%; text-align: left">
          <b>Results of Operations and Financial Condition</b>
        </td>
      </tr>
    </table>
    </div>
    <p>
      On December 12, 2018, Nordson Corporation issued a press release
      relating to its results of operations for the fourth quarter of fiscal
      2018.&#160;&#160;A copy is attached as Exhibit 99.1.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 10%; text-align: left">
          <b>Item 9.01</b>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 90%; text-align: left">
          <b>Financial Statements and Exhibits.</b>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>(d) Exhibits</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 6%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51913312ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 94%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51913312ex99_1.htm">Press release of Nordson Corporation
            dated December 12, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">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 hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <b>NORDSON CORPORATION</b>
        </td>
        <td style="width: 10%">

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

        </td>
        <td style="width: 45%">

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

        </td>
        <td style="width: 37%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 10%; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; width: 5%; text-align: left">
          Date:
        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            December 12, 2018
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; padding-left: 0.0px; width: 3%; text-align: left">
          By:
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 37%; text-align: left">
          /s/ Gregory A. Thaxton
        </td>
        <td style="width: 10%">

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

        </td>
        <td style="width: 45%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 37%; text-align: left">
          Gregory A. Thaxton
        </td>
        <td style="width: 10%">

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

        </td>
        <td style="width: 45%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 37%; text-align: left">
          <i>Executive Vice President</i>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Chief Financial Officer</i>
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51913312ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Nordson
      Corporation Reports Fiscal Year 2018 Fourth Quarter and Record Full Year
      Results</b></font>
    </p>
    <p>
      <u><i><font style="font-family: Times New Roman; font-size: 12pt"><b>Fourth
      Quarter:</b></font></i></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Sales
        were $569 million</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Operating
        profit was approximately $115 million, or 20 percent of sales;
        excluding restructuring charges of $3 million, operating profit was
        $117 million, or 21 percent of sales</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>EBITDA
        was $143 million, or 25 percent of sales; excluding restructuring
        charges of $3 million, EBITDA was $146 million, or 26 percent of sales
        and equal to prior year&#8217;s fourth quarter</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>GAAP
        diluted EPS was $1.47; adjusted diluted EPS, which excludes
        restructuring charges and discrete tax benefits in the quarter, was
        $1.44</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Free
        cash flow before dividends increased 5 percent over the prior year to
        $118 million, or 136 percent of net income</b></font></i>
      </li>
    </ul>
    <p>
      <u><i><font style="font-family: Times New Roman; font-size: 12pt"><b>Full
      Year:</b></font></i></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Full
        year sales, operating profit, GAAP diluted EPS, and EBITDA are company
        records</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Sales
        of $2.3 billion included 2 percent organic growth, with operating
        profit and EBITDA growth over the prior year of 8 percent and 11
        percent, respectively</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>GAAP
        diluted EPS increased 26 percent to $6.40, and adjusted diluted EPS
        increased 11 percent to $5.94, both compared to the prior year</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Free
        cash flow before dividends increased 44 percent over the prior year to
        $415 million, or 110 percent of net income</b></font></i>
      </li>
    </ul>
    <p>
      <u><i><font style="font-family: Times New Roman; font-size: 12pt"><b>Full
      Year 2019 Guidance:</b></font></i></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Organic
        sales volume growth forecasted to be in the range of 3 to 5 percent
        compared to fiscal 2018</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Operating
        margin and EBITDA margin forecasted to improve 100 to 150 basis points
        compared to fiscal 2018</b></font></i>
      </li>
    </ul>
    <p>
      WESTLAKE, Ohio--(BUSINESS WIRE)--December 12, 2018--Nordson Corporation<b>
      </b>(Nasdaq: NDSN) today reported results for the fourth quarter of
      fiscal year 2018. For the quarter ended October 31, 2018, sales were
      $569 million, a 1 percent decrease compared to the prior year&#8217;s fourth
      quarter. This change in sales included a decrease of 1 percent in
      organic volume, growth related to the first year effect of acquisitions
      of approximately 1 percent, and a decrease related to the unfavorable
      effects of currency translation as compared to the prior year&#8217;s fourth
      quarter of 1 percent.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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>
      In the fourth quarter of fiscal year 2018, reported operating profit was
      $115 million, net income was $87 million, and GAAP diluted earnings per
      share were $1.47, inclusive of a $0.03 per share benefit related to
      one-time items. Free cash flow before dividends increased 5 percent over
      the prior year to $118 million in the quarter, reflecting strong cash
      conversion of 136 percent of net income. Prior year fourth quarter
      sales, operating profit, net income and GAAP diluted earnings per share
      were $574 million, $125 million, $80 million and $1.37, 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>
      The current quarter&#8217;s results include a non-recurring restructuring
      charge of $3 million, or $0.04 per diluted share. Additionally, discrete
      tax benefits of $4 million, or $0.07 per diluted share, were recognized
      in the quarter.
    </p>
    <p>
      <u><b>Fourth Quarter Segment Results</b></u>
    </p>
    <p>
      Adhesive Dispensing Systems sales increased 1 percent compared to the
      prior year&#8217;s fourth quarter, inclusive of 3 percent organic growth and a
      2 percent decrease related to the unfavorable effects of currency
      translation as compared to the prior year. Reported operating margin in
      the segment was 27 percent in the quarter, or 28 percent on an adjusted
      basis to exclude non-recurring restructuring charges of $2 million
      related to a previously announced facility consolidation. The adjusted
      fourth quarter fiscal 2018 margin performance was equal to the prior
      year&#8217;s fourth quarter.
    </p>
    <p>
      Advanced Technology Systems sales decreased approximately 1 percent
      compared to the prior year&#8217;s fourth quarter, inclusive of a decrease in
      organic volume of approximately 2 percent, an increase of approximately
      3 percent related to the first year effect of acquisitions, and a
      decrease of approximately 1 percent related to the unfavorable effects
      of currency translation as compared to the prior year. The fourth
      quarter&#8217;s acquisitive growth includes the fiscal 2018 acquisition of
      Sonoscan. Reported operating margin in the segment was 20 percent in the
      quarter. As compared to the prior year&#8217;s fourth quarter margin,
      acquisition dilution, product mix, and higher spending contributed to
      the margin decline.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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 volume decreased 8 percent compared to
      the prior year&#8217;s fourth quarter, inclusive of a decrease in organic
      volume of 7 percent and a 1 percent decrease related to the unfavorable
      effects of currency translation as compared to the prior year. Compared
      to the prior year&#8217;s fourth quarter, reported operating margin in the
      segment improved 200 basis points to 20 percent, driven by improved
      product mix and focus on continuous improvement initiatives.
    </p>
    <p>
      Detailed results by operating segment and geography are included in the
      attached financial exhibits.
    </p>
    <p>
      &#8220;Despite tough comparisons to the prior year&#8217;s fourth quarter, Nordson
      delivered solid results,&#8221; said Michael F. Hilton, Nordson President and
      Chief Executive Officer. &#8220;Reported operating margin in the current
      quarter was negatively impacted by certain long-term investments,
      including facility consolidation efforts within the Adhesives segment
      and costs related to the launch of our new centralized shared service
      center in the United States. These investments will benefit both our
      customers and shareholders over the long-term.&#8221;
    </p>
    <p>
      <u><b>Fiscal 2018 Full Year Results</b></u>
    </p>
    <p>
      Sales for the fiscal year ended October 31, 2018 were $2.3 billion, an
      increase of 9 percent compared to the same period a year ago. This
      change in sales included organic volume growth of 2 percent, a 5 percent
      increase related to the first year effect of acquisitions, and a 2
      percent increase due to the favorable effects of currency translation as
      compared to the prior year. Full year operating profit was $495 million,
      net income was $377 million, and GAAP diluted earnings per share were
      $6.40, or $5.94 on a normalized basis to exclude one-time items. Prior
      year sales, operating profit, net income, and GAAP diluted earnings per
      share were $2.1 billion, $458 million, $296 million, and $5.08,
      respectively.
    </p>
    <p>
      &#8220;Our global Nordson team delivered full year organic sales growth of
      nearly 2.5 percent in the current year, against two challenging prior
      year comparisons where we generated organic sales growth of 8 percent
      and 7 percent in fiscal years 2017 and 2016, respectively,&#8221; said Hilton.
      &#8220;In fiscal 2018, sales, operating profit, GAAP diluted earnings per
      share, and EBITDA were company records, highlighting our continued
      commitment to deliver the best technology solutions to our customers and
      to generate growth through innovation and superior customer service.&#8221;
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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>
      Full year EBITDA increased 11 percent to $605 million and adjusted
      EBITDA increased 8 percent to $609 million, both compared to the prior
      year. EBITDA margin and adjusted EBITDA margin were both 27 percent of
      sales. Free cash flow before dividends increased 44% over the prior year
      to $415 million, or 110 percent of net income. In addition to funding
      organic and acquisitive growth initiatives, Nordson returned value to
      its shareholders by distributing $72 million in dividends in the fiscal
      year 2018 and investing $19 million for the repurchase of shares during
      the fourth quarter. The company also reduced net debt leverage on the
      balance sheet to 2-times trailing-twelve-months EBITDA at the end of the
      fiscal year.
    </p>
    <p>
      <u><b>Backlog</b></u>
    </p>
    <p>
      Backlog for the quarter ended October 31, 2018 was approximately $394
      million, a decrease of 1 percent compared to the same period a year ago,
      inclusive of a 3 percent decline in organic growth offset by 2 percent
      growth due to acquisitions. Backlog amounts are calculated at October
      31, 2018 exchange rates.
    </p>
    <p>
      <u><b>Outlook</b></u>
    </p>
    <p>
      &#8220;We continue to diversify our business into more steady growth
      end-markets, and we have consistently delivered annual organic sales
      volume growth, as evidenced by the new exhibit included with this press
      release. We believe investors are best served by focusing on our annual
      growth performance,&#8221; said Hilton. &#8220;We are forecasting that the strength
      of our end markets and our ability to execute on our growth initiatives
      will enable another year of solid organic sales growth in fiscal 2019,
      recognizing that the first quarter faces a very challenging comparison.
      In addition to driving top line growth, we expect to leverage the
      Nordson Business System to generate further operational improvements
      over 2018.&#8221;
    </p>
    <p>
      For the full year fiscal 2019, organic sales volume is forecasted to
      increase in the range of 3 to 5 percent compared to fiscal year 2018,
      offset by an unfavorable currency translation effect of 2 percent based
      on the current exchange rate environment as compared to the prior year.
      In addition to this sales growth, reported operating margin and EBITDA
      margin are forecasted to improve by approximately 100 to 150 basis
      points compared to fiscal 2018 results when excluding $3 million related
      to short-term purchase accounting for the step-up in value of acquired
      inventory and approximately $7 million of restructuring charges. For
      fiscal year 2019, the company expects interest expense to be
      approximately $45 million and maintenance capital expenditures to be
      approximately $50 million. The company&#8217;s estimated effective tax rate is
      approximately 23 percent.
    </p>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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>
      Nordson management will provide additional commentary on these results
      and outlook during a conference call Thursday, December 13, 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 Lara
      Mahoney, Vice President, Investor Relations and Corporate Communications
      at (440) 414-5639 or <u>lara.mahoney@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="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="6">
          &#160;
        </td>
        <td colspan="3">

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

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="17">
          FINANCIAL HIGHLIGHTS
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Dollars in thousands except for per-share amounts)
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 5.0px; text-align: left" colspan="6">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td colspan="3">

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="17">
          FOURTH QUARTER PERIOD
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="17">
          Period Ended October 31, 2018
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="17">
          (Unaudited)
        </td>
      </tr>
      <tr>
        <td colspan="6">

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="17">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>CONSOLIDATED STATEMENT OF INCOME</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="7">
          Fourth Quarter
        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          569,295
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          573,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,254,668
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2,066,982
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          261,557
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          261,850
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,018,703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          927,981
        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          193,184
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          187,300
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          741,408
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          681,299
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          114,554
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          124,788
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          494,557
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          457,702
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (11,847
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (11,436
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (48,192
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (35,477
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Other income (expense) - net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          1,481
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (482
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2,154
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (1,934
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          104,188
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          112,870
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          448,519
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          420,291
        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          17,486
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          33,035
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          71,144
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          124,489
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          86,702
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          79,835
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          377,375
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          295,802
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          29
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          28
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,085
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          57,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          57,970
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          57,533
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,994
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,301
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,931
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,204
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.49
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.38
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6.51
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5.14
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.47
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.37
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6.40
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5.08
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.25
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.11
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          20,334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          17,291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          72,443
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          63,840
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="7">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>CONSOLIDATED BALANCE SHEET</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="2">
          October 31
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="2">
          October 31
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          95,678
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          491,423
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          264,477
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          32,524
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          28,636
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          884,102
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          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="padding-left: 0.0px; text-align: left">
          Property, plant &amp; equipment - net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          386,666
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2,150,244
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          3,421,012
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          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="padding-left: 0.0px; text-align: left">
          Notes payable and debt due within one year
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          28,734
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          326,587
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Accounts payable and accrued liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          321,546
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          321,159
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          350,280
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,285,357
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          334,634
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          1,450,741
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          3,421,012
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          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-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt" colspan="2">
          &#160;
        </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="padding-left: 0.0px; text-align: left">
          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="padding-left: 0.0px; text-align: left">
          Employees
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          7,536
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          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="padding-left: 0.0px; text-align: left">
          Common shares outstanding (000's)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          58,037
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          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="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="35">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Dollars in thousands)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </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>
        <td>
          &#160;
        </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="padding-left: 0.0px; text-align: left" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            FOURTH QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Period Ended October 31, 2018
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="35">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="8">
          % Growth over 2017
        </td>
        <td>

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

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          250,825
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          247,873
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          3.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -2.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          955,192
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          916,019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          4.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Advanced Technology Systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          250,231
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          251,716
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1,039,366
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          897,623
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          14.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          15.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Industrial Coating Systems
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          68,239
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          74,349
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -1.2
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -8.2
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          260,110
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          253,340
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.1
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.6
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2.7
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          569,295
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          573,938
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          0.6
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          -1.4
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          -0.8
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          2,254,668
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          2,066,982
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          7.1
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          9.1
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </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="padding-left: 0.0px; text-align: left">
          Adhesive Dispensing Systems
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          68,174
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          68,354
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          259,493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          253,580
        </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="padding-left: 0.0px; text-align: left">
          Advanced Technology Systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50,791
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          60,008
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          243,523
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          228,062
        </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="padding-left: 0.0px; text-align: left">
          Industrial Coating Systems
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          13,727
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          13,462
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50,638
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          43,991
        </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="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Corporate
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (18,138
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (17,036
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (59,097
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (67,931
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          114,554
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          124,788
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          494,557
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          457,702
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="8">
          % Growth over 2017
        </td>
        <td>

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

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

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

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

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

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

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

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

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          184,666
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          183,088
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          720,832
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          647,657
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          46,689
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          39,055
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          23.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -3.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          19.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          158,837
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          147,026
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          8.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          8.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Europe
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          174,724
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          149,339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          19.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          17.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          622,108
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          530,812
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          17.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Japan
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          34,506
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          50,685
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -31.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -0.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -31.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          161,771
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          147,189
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          9.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Asia Pacific
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          128,710
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          151,771
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -13.6
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -1.6
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          591,120
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          594,298
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -2.2
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.7
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          -0.5
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Total Sales by Geographic Region
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          569,295
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          573,938
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          0.6
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          -1.4
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          -0.8
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          2,254,668
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          2,066,982
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          7.1
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          9.1
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            FINANCIAL HIGHLIGHTS
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            FOURTH QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Period Ended October 31, 2018
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="9">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>REPORTED REVENUE GROWTH</u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="7">
          % Growth over Prior Year
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Nordson Consolidated:</u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          6.2%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.5%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          10.4%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2015
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          2.4%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.9%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2016
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -1.4%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          7.1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2017
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.5%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          14.3%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          2.5%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.6%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          9.1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          6.2%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.9%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          13.4%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2015
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -7.1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2016
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          6.2%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          0.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -1.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          5.2%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2017
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.3%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.2%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1.5%
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.3%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Advanced Technology Systems:</u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          6.8%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1.6%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          0.4%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          8.8%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2015
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1.7%
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          5.7%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2016
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          10.1%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.6%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          13.9%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2017
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          15.1%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          18.3%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          32.7%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2018
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          10.7%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          15.8%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Industrial Coating Systems:</u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.7%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          4.0%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2015
        </td>
        <td>

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

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          6.7%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2016
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -1.6%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -2.2%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2017
        </td>
        <td>

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

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          -0.7%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          0.1%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          2018
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1.1%
        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          1.6%
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center">
          2.7%
        </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="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; width: 100%">
      <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="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>NORDSON CORPORATION</u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Dollars in thousands except for per-share amounts)
          </p>
        </td>
      </tr>
      <tr>
        <td>

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

        </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="padding-left: 0.0px; text-align: left" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            FOURTH QUARTER PERIOD
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Period Ended October 31, 2018
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left" colspan="13">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </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="padding-left: 0.0px; text-align: left">
          EBITDA
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="5">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="5">
          Year-to-Date
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </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="padding-left: 0.0px; text-align: left">
          Net income
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          86,702
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          79,835
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          377,375
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          295,802
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Adjustments:
        </td>
        <td>

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

        </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="padding-left: 25.0px; text-align: left">
          Depreciation and amortization expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          27,370
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          25,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          108,407
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          90,854
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,847
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          11,436
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          48,192
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          35,477
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          Income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          17,486
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          33,035
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          71,144
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          124,489
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          EBITDA
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          143,405
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          149,794
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          605,118
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          546,622
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Adjustments:
        </td>
        <td>

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

        </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="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          Acquisition costs and adjustments <sup>(1)</sup>
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          3,484
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          17,898
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          EBITDA As Adjusted
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          143,405
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          149,794
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          608,602
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          564,520
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </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="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          EBITDA per diluted share
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2.43
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2.57
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          10.27
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          9.39
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          EBITDA As Adjusted per diluted share
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2.43
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2.57
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          10.33
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          9.70
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <sup>(1) </sup>Represents costs and adjustments associated with
            our 2018 and 2017 acquisitions, including accounting adjustments
            to inventory that were charged to cost of sales when the inventory
            was sold; transaction-related costs comprising of acquisition
            fees, legal, financial and tax due diligence expenses; and
            valuation costs that are required to be expensed as incurred.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            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>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="6">
          Fourth Quarter
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: center" colspan="6">
          Year-to-Date
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2018
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="2">
          2017
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2018
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="2">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.47
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          1.37
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          6.40
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          5.08
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.05
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Acquisition costs
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.17
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Severance and restructuring
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.08
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          0.03
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          U.S. Tax Reform discrete item
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.07
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (0.45
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (0.15
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          0.04
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Diluted EPS as adjusted (Non-GAAP)
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          1.44
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          1.38
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          5.94
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          5.37
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Adjusted 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. Amounts may not
            add due to rounding.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Free Cash Flow Before Dividends
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2018
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2017
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2018
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: center" colspan="3">
          2017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          86,702
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          79,835
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          377,375
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          295,802
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          27,370
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          25,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          108,407
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          90,854
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          20,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          23,644
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (9,025
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          26,685
        </td>
        <td>

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          27,396
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          5,994
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          27,881
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          (56,589
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          161,711
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          134,961
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          504,638
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          356,752
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          Additions to property, plant and equipment
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (43,818
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (22,234
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (89,790
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: right">
          (71,558
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Proceeds from the sale of property, plant and equipment
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          458
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          4,007
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          Free cash flow before dividends
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          118,052
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          112,828
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          415,306
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          289,201
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          Acquisition costs and adjustments, net of tax<sup>(1)</sup>
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          2,658
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: solid; border-bottom-width: 1.0pt; padding-right: 0.0px; text-align: right">
          12,695
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          Free cash flow before dividends, adjusted
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          118,052
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          112,828
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          417,964
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; border-bottom-style: double; border-bottom-width: 2.25pt; padding-right: 0.0px; text-align: right">
          301,896
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 8pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <sup>(1) </sup>Represents costs and adjustments associated with
            our 2018 and 2017 acquisitions, including accounting adjustments
            to inventory that were charged to cost of sales when the inventory
            was sold; transaction-related costs comprising of acquisition
            fees, legal, financial and tax due diligence expenses; and
            valuation costs that are required to be expensed as incurred.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Free cash flow before dividends, a non-GAAP financial measure, is
            defined as net cash provided by operating activities less
            purchased property, plant and equipment and proceeds from the sale
            of property, plant and equipment. It is a financial measure used
            by management to assess its ability to generate cash in excess of
            its operating needs. Therefore, the Company believes this
            financial measure provides useful information to investors. Free
            cash flow before dividends is not a measure of financial
            performance under GAAP and should be considered in addition to,
            and not as a substitute for, operating cash flows or other
            financial measures prepared in accordance with GAAP. Our
            calculations of non-GAAP measures may not be comparable to the
            calculations of similarly titled measures reported by other
            companies.
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Lara Mahoney<br>Vice President, Investor Relations &amp;
      Corporate Communications<br>440.414.5639<br><u>Lara.Mahoney@nordson.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
