Westlake, Ohio, USA – March 1, 2011 - Nordson Corporation (Nasdaq: NDSN) announced today that its board of directors has declared a 2-for-1 stock split, in the form of a 100-percent stock dividend, effective April 12, 2011 for all shares outstanding at the close of business on March 25, 2011.
As a result of the 2-for-1 stock split, the number of shares outstanding increases from 34 million to 68 million.
“Our decision to split the stock at this time reflects the continuing strength we see throughout our business worldwide,” said Nordson President and Chief Executive Officer Michael F. Hilton. “We recently reported the strongest first quarter in our history, with excellent growth in all segments and geographies and very strong operating performance. The company’s current order rates remain healthy, and we expect to continue delivering strong results by providing our customers with a winning combination of differentiated technology, application know-how, and direct sales and service.”
Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants, liquid and powder coatings and other materials to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for UV curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has direct operations and sales support offices in more than 30 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/Nordson
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James R. Jaye - Director, Communications & Investor Relations