Economic Environment Expected to Pare Nordson's Second-Quarter Sales Growth to 5 Percent

Apr 11, 2001, 01:00 ET from Nordson Corporation

    WESTLAKE, Ohio, April 11 /PRNewswire/ -- Nordson Corporation
 (Nasdaq:   NDSN) today announced that in light of the current economic climate,
 the company's second-quarter revenue might only grow five percent over the
 second quarter of 2000. This increase reflects the sales contribution of
 recently acquired EFD Inc. offset by the effects of weakening systems sales
 and the continuing strength of the dollar.
     "We continue to see the sluggish order rates than began early in the
 calendar year.  While orders for aftermarket parts approximate last year's
 levels, orders for systems are down nearly 20 percent from last year," said
 Edward P. Campbell, president and chief executive officer. "Excluding the
 sales contribution of EFD, second-quarter sales volume will be essentially
 flat compared to last year, with reported sales expected to be down by 3
 percent, reflecting the effects of foreign exchange.
     "Second-quarter operating margins and earnings are also expected to be
 impacted by changes in product mix and manufacturing relocation costs.
 Earnings per share on a diluted basis and before non-recurring charges are
 expected to approximate $.30, down from $.48 per share for the same period of
 2000," said Campbell. "Although it is still too early to provide a solid
 estimate for the remainder of 2001, we expect that earnings growth likely will
 be insufficient to produce full-year earnings per share equal to Nordson's
 fiscal 2000 earnings per share on a diluted basis and before non-recurring
 charges, which were $1.85."
     Nordson's second quarter ends April 29 and the company will announce sales
 and earnings during the week of May 21.  Information about Nordson's investor
 relations and shareholder services is available from Nicholas D. Pellecchia,
 vice president, finance and controller, at (440) 892-1580.
     Except for the historical information and comparisons contained herein,
 statements included in this release may constitute "forward-looking
 statements," 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's filings with the Securities and
 Exchange Commission that could cause actual results to differ materially.
     Nordson Corporation is the world's leading producer of precision
 dispensing equipment. Nordson systems apply adhesives, sealants and coatings
 to a broad range of consumer and industrial products during manufacturing
 operations, helping customers meet quality, productivity and environmental
 targets. The company also manufactures technology-based systems for curing and
 surface treatment processes. Headquartered in Westlake, Ohio, Nordson has
 direct operations in 31 countries and more than 4,000 employees worldwide.
 
 

SOURCE Nordson Corporation
    WESTLAKE, Ohio, April 11 /PRNewswire/ -- Nordson Corporation
 (Nasdaq:   NDSN) today announced that in light of the current economic climate,
 the company's second-quarter revenue might only grow five percent over the
 second quarter of 2000. This increase reflects the sales contribution of
 recently acquired EFD Inc. offset by the effects of weakening systems sales
 and the continuing strength of the dollar.
     "We continue to see the sluggish order rates than began early in the
 calendar year.  While orders for aftermarket parts approximate last year's
 levels, orders for systems are down nearly 20 percent from last year," said
 Edward P. Campbell, president and chief executive officer. "Excluding the
 sales contribution of EFD, second-quarter sales volume will be essentially
 flat compared to last year, with reported sales expected to be down by 3
 percent, reflecting the effects of foreign exchange.
     "Second-quarter operating margins and earnings are also expected to be
 impacted by changes in product mix and manufacturing relocation costs.
 Earnings per share on a diluted basis and before non-recurring charges are
 expected to approximate $.30, down from $.48 per share for the same period of
 2000," said Campbell. "Although it is still too early to provide a solid
 estimate for the remainder of 2001, we expect that earnings growth likely will
 be insufficient to produce full-year earnings per share equal to Nordson's
 fiscal 2000 earnings per share on a diluted basis and before non-recurring
 charges, which were $1.85."
     Nordson's second quarter ends April 29 and the company will announce sales
 and earnings during the week of May 21.  Information about Nordson's investor
 relations and shareholder services is available from Nicholas D. Pellecchia,
 vice president, finance and controller, at (440) 892-1580.
     Except for the historical information and comparisons contained herein,
 statements included in this release may constitute "forward-looking
 statements," 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's filings with the Securities and
 Exchange Commission that could cause actual results to differ materially.
     Nordson Corporation is the world's leading producer of precision
 dispensing equipment. Nordson systems apply adhesives, sealants and coatings
 to a broad range of consumer and industrial products during manufacturing
 operations, helping customers meet quality, productivity and environmental
 targets. The company also manufactures technology-based systems for curing and
 surface treatment processes. Headquartered in Westlake, Ohio, Nordson has
 direct operations in 31 countries and more than 4,000 employees worldwide.
 
 SOURCE  Nordson Corporation