August 19, 2020 I NASDAQ: NDSN Nordson’s Test and Inspection division has a robust offering, including x-ray, acoustic imaging, bond testing, and automated optical inspection capabilities. Pictured here is the DAGE Assure™ high speed X- ray component counter which offers live inventory management to increase productivity and minimize component shortage downtime. INVESTOR PRESENTATION
- dariahiddleston
- Home
- Comments
46
INVESTOR PRESENTATION...Aug 19, 2020 · chain from integrated circuit to printed circuit board to end product assembly Circuit shrinkage / new architectures / flip chips New applications
Sep 14, 2020
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
August 19 2020 I NASDAQ NDSN
Nordsonrsquos Test and Inspection division has a robust offering including x-ray acoustic imaging bondtesting and automated optical inspection capabilities Pictured here is the DAGE Assuretrade high speed X-ray component counter which offers live inventory management to increase productivity and minimizecomponent shortage downtime
INVESTOR PRESENTATION
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995 Forward-looking statements may be identified by terminology such as may will should could expects anticipates believes projects
forecasts ldquooutlookrdquo ldquoguidancerdquo continue ldquotargetrdquo or the negative of such terms or comparable terminology These statements reflect managementrsquos
current expectations and involve a number of risks and uncertainties These risks and uncertainties include but are not limited to US and international
economic conditions financial and market conditions currency exchange rates and devaluations possible acquisitions including the Companyrsquos ability to
successfully integrate acquisitions the effects of changes in US trade policy and trade agreements the effects of changes in tax law and the possible
effects of events beyond our control such as political unrest acts of terror natural disasters and pandemics including the current coronavirus (COVID-19)
pandemic and the other factors discussed in Item 1A (Risk Factors) in the Companyrsquos most recently filed Annual Report on Form 10-K and on its Form 10-Q
with the Securities and Exchange Commission which should be reviewed carefully The Company undertakes no obligation to update or revise any forward-
looking statement in this presentation
2
1954
3
Company Founded
$22BSales
$587MEBITDA
7500+Employees
35+Countries with
Direct Presence
A premier industrial technology company focused on precision dispensing fluid control and related processes and proprietary technology
Sales and EBITDA for the full fiscal year ended 103119
Investment Highlights
5Average
2015-2019
Strong Average Annual Sales
Growth
55Gross Margins
Average 2015-2019
Outstanding Gross Margins
26EBITDA Margin
Average 2015-2019
Excellent EBITDA Margins
$12B100 of
Net Income
2015-2019
High Level of Free Cash Flow
Before Dividends
$895MShare
Repurchases amp Dividends
2015-2019
Strong Cash Returns to
Shareholders
56 yrsof Annual Increases
24 payout ratio in 2019
Reliable and Consistent Dividend
21TSR CAGR
2009-2019
Outstanding Long Term Total
Shareholder Returns
4
Diversified Sources of SalesFY2019 Profile - $22 Billion
5
54
23
23 Parts andConsumablesStandard Product
EngineeredSystems
Geographies
35
26
26
67
United StatesEuropeAsia PacificJapanAmericas
Nearly 70 of sales outside USA Direct presence in over
35 countries
Product Type
High percentage of recurring sales from parts and
consumables
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995 Forward-looking statements may be identified by terminology such as may will should could expects anticipates believes projects
forecasts ldquooutlookrdquo ldquoguidancerdquo continue ldquotargetrdquo or the negative of such terms or comparable terminology These statements reflect managementrsquos
current expectations and involve a number of risks and uncertainties These risks and uncertainties include but are not limited to US and international
economic conditions financial and market conditions currency exchange rates and devaluations possible acquisitions including the Companyrsquos ability to
successfully integrate acquisitions the effects of changes in US trade policy and trade agreements the effects of changes in tax law and the possible
effects of events beyond our control such as political unrest acts of terror natural disasters and pandemics including the current coronavirus (COVID-19)
pandemic and the other factors discussed in Item 1A (Risk Factors) in the Companyrsquos most recently filed Annual Report on Form 10-K and on its Form 10-Q
with the Securities and Exchange Commission which should be reviewed carefully The Company undertakes no obligation to update or revise any forward-
looking statement in this presentation
2
1954
3
Company Founded
$22BSales
$587MEBITDA
7500+Employees
35+Countries with
Direct Presence
A premier industrial technology company focused on precision dispensing fluid control and related processes and proprietary technology
Sales and EBITDA for the full fiscal year ended 103119
Investment Highlights
5Average
2015-2019
Strong Average Annual Sales
Growth
55Gross Margins
Average 2015-2019
Outstanding Gross Margins
26EBITDA Margin
Average 2015-2019
Excellent EBITDA Margins
$12B100 of
Net Income
2015-2019
High Level of Free Cash Flow
Before Dividends
$895MShare
Repurchases amp Dividends
2015-2019
Strong Cash Returns to
Shareholders
56 yrsof Annual Increases
24 payout ratio in 2019
Reliable and Consistent Dividend
21TSR CAGR
2009-2019
Outstanding Long Term Total
Shareholder Returns
4
Diversified Sources of SalesFY2019 Profile - $22 Billion
5
54
23
23 Parts andConsumablesStandard Product
EngineeredSystems
Geographies
35
26
26
67
United StatesEuropeAsia PacificJapanAmericas
Nearly 70 of sales outside USA Direct presence in over
35 countries
Product Type
High percentage of recurring sales from parts and
consumables
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
1954
3
Company Founded
$22BSales
$587MEBITDA
7500+Employees
35+Countries with
Direct Presence
A premier industrial technology company focused on precision dispensing fluid control and related processes and proprietary technology
Sales and EBITDA for the full fiscal year ended 103119
Investment Highlights
5Average
2015-2019
Strong Average Annual Sales
Growth
55Gross Margins
Average 2015-2019
Outstanding Gross Margins
26EBITDA Margin
Average 2015-2019
Excellent EBITDA Margins
$12B100 of
Net Income
2015-2019
High Level of Free Cash Flow
Before Dividends
$895MShare
Repurchases amp Dividends
2015-2019
Strong Cash Returns to
Shareholders
56 yrsof Annual Increases
24 payout ratio in 2019
Reliable and Consistent Dividend
21TSR CAGR
2009-2019
Outstanding Long Term Total
Shareholder Returns
4
Diversified Sources of SalesFY2019 Profile - $22 Billion
5
54
23
23 Parts andConsumablesStandard Product
EngineeredSystems
Geographies
35
26
26
67
United StatesEuropeAsia PacificJapanAmericas
Nearly 70 of sales outside USA Direct presence in over
35 countries
Product Type
High percentage of recurring sales from parts and
consumables
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Investment Highlights
5Average
2015-2019
Strong Average Annual Sales
Growth
55Gross Margins
Average 2015-2019
Outstanding Gross Margins
26EBITDA Margin
Average 2015-2019
Excellent EBITDA Margins
$12B100 of
Net Income
2015-2019
High Level of Free Cash Flow
Before Dividends
$895MShare
Repurchases amp Dividends
2015-2019
Strong Cash Returns to
Shareholders
56 yrsof Annual Increases
24 payout ratio in 2019
Reliable and Consistent Dividend
21TSR CAGR
2009-2019
Outstanding Long Term Total
Shareholder Returns
4
Diversified Sources of SalesFY2019 Profile - $22 Billion
5
54
23
23 Parts andConsumablesStandard Product
EngineeredSystems
Geographies
35
26
26
67
United StatesEuropeAsia PacificJapanAmericas
Nearly 70 of sales outside USA Direct presence in over
35 countries
Product Type
High percentage of recurring sales from parts and
consumables
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Diversified Sources of SalesFY2019 Profile - $22 Billion
5
54
23
23 Parts andConsumablesStandard Product
EngineeredSystems
Geographies
35
26
26
67
United StatesEuropeAsia PacificJapanAmericas
Nearly 70 of sales outside USA Direct presence in over
35 countries
Product Type
High percentage of recurring sales from parts and
consumables
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Diversified End MarketsFY2019 Profile - $22 Billion
6
End markets include Electronic Components semiconductors printed circuit boards
computing communicationsmobile consumer electronics (ie gaming wearables automotive electronics)
Consumer Non-Durable beverage disposable hygiene food paper textiles packaging
Medical minimally invasive interventional delivery devices catheters medical balloons fluid connection components specialty tubing
Original Equipment Manufacturer (OEM)Distributors Nordson products used to build manufacturing line not end market specific
Industrial aerospace chemical construction energy farm and construction machinery industrial machinery rigid container metal transportation
Consumer Durable appliance furniture lighting Automotive applications for new vehicle platforms
23
22
17
16
12
64
Electronics Consumer Non-DurableMedical OEMIndustrial AutomotiveConsumer Durable
Percentages are for directional use only may not add to 100 due to rounding
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
7
Integrates proprietary product technologies found in customer production processes such as surface treatment precisely controlled
dispensing of material and post-dispense test and inspection Components include single-use plastic molded syringes cartridges tips fluid connection components tubing balloons and catheters
Targeted organic growth rate2-3x Global GDP
INDUSTRIAL PRECISION SOLUTIONS
55ADVANCED TECHNOLOGY SOLUTIONS
45
Delivers proprietary dispensing and processing technology to diverse end markets Product lines commonly reduce material consumption increase line efficiency and enhance product brand and appearance
Components are used for dispensing adhesives coatings paint finishes sealants and other materials
Targeted organic growth rate 15x Global GDP
Nordson Business Segments
Segment mix for the full fiscal year ended 103119
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
8
Industrial Precision Solutions
What We DoProduct lines reduce material consumption increase line efficiency and enhance product brand and appearance Components are used for dispensing adhesives coatings paint finishes sealants and other materials This business primarily serves the industrial consumer durables and non-durables markets
15X GDP Growth Driven By
Increased use of disposable hygiene products (diapers feminine care etc) and packaged convenience foods and plastics demand increase driven by growing middle class
Recapitalization of large installed base
Productivity and efficiency investments
New applications including electric battery and fabric bonding
Material machinery and process innovations
Emerging markets and product tiering
Organic
31
2015-19 Average Annual Sales Growth
272
2019 Annual Operating Margin
Acquisitive
01Currency
(21)
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Industrial Precision SolutionsFY2019 Profile ndash Diverse end markets
9
40
24
18
7
6 5
Consumer Non-Durable OEMIndustrial AutomotiveConsumer Durable Electronics
Percentages are for directional use only
End markets include Consumer Non-Durable beverage disposable hygiene
food paper textiles non-wovens packaging OEMDistributor Nordson products used to build
manufacturing line not end market specific Industrial aerospace chemical construction defense
energy farm and construction machinery industrial machinery rigid container metal
Automotive applications for new vehicle platforms upgrades of current vehicle lines
Consumer Durable appliance furniture lighting Electronics electronic products (ie wearables) printed
circuit boards UV curing of semi-conductor wafers and other electronic components
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
10
Advanced Technology Solutions
What We DoPrecision dispense fluid management test inspection surface treatment and proprietary solutions for medical electronics and general industrial markets
2-3X Global GDP Growth Driven by
Medical ndash Aging population trends toward non-invasive surgical techniques and medical OEM outsourcing
Broad product use across the electronics supply chain from integrated circuit to printed circuit board to end product assembly
Circuit shrinkage new architectures flip chips
New applications including automotive electronics electric batteries and flexible circuits
Emerging markets
Product tiering
Organic
52
2015-19 Average Annual Sales Growth
209
2019 Annual Operating Margin
Acquisitive
83Currency
(09)
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Advanced Technology Solutions FY2019 Profile ndash Diverse End Markets
11
37
24
15
7
6
54
1 1
Medical Electronic ComponentsSemiconductors OEMPrinted Circuit Boards IndustrialAutomotive Consumer Non-DurableConsumer Durable
Percentages are for directional use only
End markets include Medical minimally invasive interventional delivery devices
catheters medical balloons fluid connection components specialty tubing
Electronics electronic components (ie computing communicationsmobile consumer electronics ndash gaming wearables automotive electronics) semiconductors printed circuit boards
OEMDistributor Nordson products used to build manufacturing line not end market specific
Industrial aerospace construction defense energy industrial machinery
Consumer Durable general applications (ie furniture lighting) Consumer Non-Durable disposable hygiene food textiles
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Our commitment
to giving back
$109M+Overall Giving to Date
100K+Total Employee
Hours Volunteered
$3MTowards
Nordson BUILD Scholarships
30+Global Communities
We Invest In
Strong Culture amp ValuesWe have a long and proud history of investing in the communities where we live and work
We invest approximately five percent of domestic pretax earnings to human welfare services education and other charitable activities
12
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Why Invest in Nordson
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
14
Our PrioritiesOur plan is to deliver top shareholder returns by growing and extending our high value business model in precision dispensing and adjacent technologies
1 Accelerate organic growth
2 Diversify through acquisitions
3 Leverage Nordson Business System (NBS) for profitable growth
4 Build Winning Teams
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
15
Organic GrowthWe expect to accelerate organic growth by creating our own demand
Multiple Paths to Organic Growth
1 New Products2 New Applications3 Recapitalize Installed Base4 Emerging Markets 5 Product Tiering
Reported Organic Sales Growth (2015-2019)
4 Average Annual Growth
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
16
Key AcquisitionsAdditional growth comes through the acquisition of companies that share our business model characteristics and can leverage our global infrastructure
Key Criteria for Acquisitions
1 Strategic Fit
2 High Quality Businesses Strong Performers amp Proprietary Technology
3 Growth Rate at or Above Nordson
4 High of Recurring Sales
5 Sales and Cost Synergies
Sales Growth from Acquisitions (2015-2019)
3 Average Annual Growth
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
3465
79
25
-11
24
20
69
46
04
-67
-14 -05
20
-20-09
71
143
91
-27
-70
-50
-30
-10
10
30
50
70
90
110
130
150
2015 2016 2017 2018 2019Organic Growth Acquisitive Growth Currency Impact Total Growth
On average across the past five years Nordson has delivered annual sales growth of 5 percent inclusive of 4 percent organic growth 3 percent growth related to the first year effects of acquisitions and a
decrease of 2 percent related to the unfavorable effects of foreign currency
17
Strong Growth Organic and Acquisitive
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
18
Leverage Nordson Business SystemA growth framework driving the companyrsquos next chapter of profitable growth
The NBS growth framework integrates Nordsonrsquos core strengths with new capabilities to drive sustainable profitable growth of the company
1 Strategic Discipline ndash select and invest in the most attractive growth opportunities
2 Customer Passion ndash sustaining Nordsonrsquos ldquoclose to the customerrdquo model
3 Product Innovation ndash delivering market leading precision technology
4 Continuous Improvement ndash achieving best in class safety quality delivery and value in a consistent and repeatable way
5 Organizational Agility ndash developing world class talent that adapts to dynamic market conditions
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
19
Build Winning TeamsCreate a deep and diverse pipeline of talent to lead Nordsonrsquos next chapter of profitable growth
As Nordson grows we need to enhance our talent pipeline
1 Develop talent through divisional leadership opportunities
2 Focus on inclusion and diversity
3 Empower employees to make decisions close to the customer
4 Create an engaging culture that attracts and retains top talent
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Financial Results
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
Fiscal 3Q2020 Results
$538MSales
$112MOperating Profit(21 of Sales)
$148MEBITDA
(28 of Sales)
$149GAAP Diluted EPS
$82MFree Cash Flow Before
Dividends(94 of net income)
Year to date cash conversion is 119 of net income
21
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
22
Total Shareholder Return Above Our PeersComparison of 10 Year Cumulative Total Return
Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
Source Zackrsquos Investment Research
000
10000
20000
30000
40000
50000
60000
70000
80000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Nordson Corporation SampP 500 Index SampP MidCap 400 SampP 500 Ind Machinery SampP MidCap 400 Ind Machinery Peer Group
Chart2
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528SUMMARIES
Returns amp Cum$100
WEIGHTED RETURNS
MKT CAP PEER
MKT CAP COMPANY
Graph
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(2)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(3)
Comparison of 10 Year Cumulative Total ReturnAssumes Initial Investment of $100October 2019
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(4)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Graph(5)
COMPARISON OF CUMULATIVE RETURN
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528
Graph(6)
Nordson Corporation200920102011201220132014201520162017201820191001516168652314232218366853250139411238700163577404622942780573609816831567743594382273297380556712618942351774691573195540899113359968285285816501116565968329102266907478SampP 500 Index2009201020112012201320142015201620172018201910011651808064733238125939396347524251450905277469620118452105878719055216384871808757342276358839415762823790017415879547294121555381922353157284309376835836096028184047231SampP MidCap 400200920102011201220132014201520162017201820191001276366764757600713854956080777814155324893388426182073300982832850823149093346222179239415334981162292543919616740112131412025153639684317327167805919634593784920941994SampP 500 Ind Machinery 200920102011201220132014201520162017201820191001279534542569104513238134411764793158431215758549852262162155024582825509879471715828254711918783344832908365345524615640096329970359847369967618773171074511956908830191SampP MidCap 400 Ind Machinery2009201020112012201320142015201620172018201910012997248225037151147821535504288651614422427694574422413958372743934237517387495286981988192226781700923333972171751304334671782437036313276175859789748338931024507945534Peer Group 2009201020112012201320142015201620172018201910012362929867675494139157860050700121570885516307300521728429935753451239513015594480012305035021488866723593450471827998354821950058249173647456493912455446487470586488723Old Peer Group 2009201020112012201320142015201620172018201910012316288389689656138334322729854851580322617869361221963312358183288241994884503292042326186106851938623893273809200997357863432216810853679417596146418547847225184802528Comparison of 10 Year Cumulative Total Return Assumes Initial Investment of $100 on November 1 2009 Fiscal Year Ending October 31 2019
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| CompanyMarketPeer Group | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||
| Nordson Corporation | $10000 | $15162 | $18367 | $23870 | $29428 | $31568 | $29738 | $42352 | $54090 | $52858 | $68329 | ||||||||||||
| SampP 500 Index | $10000 | $11652 | $12594 | $14509 | $18452 | $21638 | $22764 | $23790 | $29412 | $31573 | $36096 | ||||||||||||
| SampP MidCap 400 | $10000 | $12764 | $13855 | $15532 | $20733 | $23149 | $23942 | $25439 | $31412 | $31733 | $34594 | ||||||||||||
| SampP 500 Ind Machinery | $10000 | $12795 | $13238 | $15843 | $22622 | $25510 | $25471 | $29084 | $40096 | $36997 | $45120 | ||||||||||||
| SampP MidCap 400 Ind Machinery | $10000 | $12997 | $14782 | $16144 | $22414 | $23752 | $19882 | $23334 | $33467 | $32762 | $38931 | ||||||||||||
| New Peer Group | $10000 | $12363 | $13916 | $15709 | $21728 | $23951 | $23050 | $23593 | $35482 | $36475 | $46487 | ||||||||||||
| Old Peer Group | $10000 | $12316 | $13833 | $15803 | $21963 | $24199 | $23262 | $23893 | $35786 | $36794 | $47847 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| New Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 010 | 011 | 012 | 013 | 017 | 015 | 018 | 021 | 019 | 019 | 021 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 004 | 005 | 006 | 005 | 005 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 021 | 016 | 014 | 003 | 004 | 005 | 004 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 006 | 007 | 008 | 008 | 007 | 006 | 004 | 005 | 004 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 003 | 003 | 002 | 002 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 011 | 010 | 008 | 007 | 005 | 005 | 005 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 003 | 004 | 004 | 004 | 004 | 004 | 005 | 005 | 006 | 004 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 005 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 007 | 007 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 006 | 005 | 005 | 004 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 003 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 010 | 014 | 014 | 014 | 015 | 011 | 011 | 011 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 003 | 004 | 002 | 001 | 001 | 001 | 001 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 006 | 006 | 006 | 007 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 005 | 005 | 004 | 004 | 004 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 210000 | 3936201 | 4302465 | 5389224 | 6087537 | 6113557 | 8314121 | 9016552 | 8969278 | 9077916 | 13681158 | 14229840 | ||||||||||||||||||||||||||||||||||||||
| Old Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| NDSN | 10000 | 125950 | 177290 | 264930 | 314190 | 378410 | 462990 | 483010 | 429310 | 572660 | 378382 | 711940 | 000 | 003 | 004 | 005 | 005 | 006 | 006 | 006 | 005 | 007 | 003 | 005 | ||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 014 | 018 | 016 | 018 | 022 | 020 | 021 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 023 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 003 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 002 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 005 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 008 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 002 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 015 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 006 | 007 | 008 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 190000 | 3735622 | 4095035 | 5117872 | 5765951 | 5824926 | 7950540 | 8612360 | 8581407 | 8715783 | 12527314 | 13043466 |
| ANNUAL MARKET CAPITALIZATION WEIGHTS () | ||||||||||||||||||||||||||||||||||||||||||||||||||
| PEER GROUP ONLY | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| Peer Group | ||||||||||||||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 011 | 013 | 013 | 019 | 016 | 019 | 022 | 021 | 020 | 022 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 005 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 021 | 022 | 017 | 015 | 003 | 005 | 005 | 004 | 004 | 003 | 003 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 007 | 008 | 008 | 007 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 010 | 009 | 007 | 005 | 005 | 006 | 004 | 005 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 002 | 003 | 003 | 002 | 002 | 002 | 001 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 004 | 005 | 006 | 006 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 003 | 004 | 003 | 004 | 004 | 003 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 006 | 007 | 007 | 007 | 008 | 007 | 007 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 005 | 006 | 007 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 004 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 009 | 009 | 011 | 011 | 015 | 015 | 015 | 016 | 012 | 012 | 012 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 006 | 008 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 565492 | 537852 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 004 | 004 | ||||||||||||||||||||||||||
| NATI | 10000 | 200579 | 207430 | 271352 | 321586 | 288631 | 363581 | 404192 | 387871 | 362133 | 588353 | 648522 | 000 | 005 | 005 | 005 | 006 | 005 | 005 | 005 | 005 | 004 | 004 | 005 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 200000 | 3810251 | 4125175 | 5124294 | 5773347 | 5735147 | 7851131 | 8533542 | 8539968 | 8505256 | 13302776 | 13517900 | ||||||||||||||||||||||||||||||||||||||
| ROP | 10000 | 406380 | 459120 | 653880 | 779150 | 1067780 | 1257740 | 1583540 | 1875910 | 1756320 | 2639014 | 2926059 | 000 | 011 | 012 | 013 | 014 | 020 | 017 | 019 | 023 | 022 | 022 | 024 | ||||||||||||||||||||||||||
| GGG | 10000 | 148520 | 165030 | 207310 | 261290 | 290840 | 474100 | 466830 | 410400 | 417070 | 739737 | 676233 | 000 | 004 | 004 | 004 | 005 | 005 | 006 | 006 | 005 | 005 | 006 | 005 | ||||||||||||||||||||||||||
| ITT | 10000 | 808760 | 924770 | 865460 | 844970 | 192190 | 358760 | 412750 | 354240 | 315570 | 410432 | 442380 | 000 | 022 | 024 | 018 | 015 | 004 | 005 | 005 | 004 | 004 | 003 | 004 | ||||||||||||||||||||||||||
| AIN | 10000 | 43508 | 51379 | 63546 | 70481 | 68986 | 116790 | 120520 | 120220 | 130830 | 194267 | 225797 | 000 | 001 | 001 | 001 | 001 | 001 | 002 | 001 | 001 | 002 | 002 | 002 | ||||||||||||||||||||||||||
| DCI | 10000 | 270360 | 276000 | 372020 | 477290 | 478000 | 578600 | 570480 | 400690 | 484530 | 613305 | 655722 | 000 | 007 | 007 | 008 | 009 | 009 | 008 | 007 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| B | 10000 | 78965 | 84202 | 99889 | 129470 | 123490 | 186340 | 199060 | 206370 | 214520 | 348947 | 290397 | 000 | 002 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 003 | 003 | 002 | ||||||||||||||||||||||||||
| EPAC | 10000 | 100260 | 88632 | 152650 | 154410 | 205730 | 275150 | 217810 | 135610 | 131410 | 152235 | 145523 | 000 | 003 | 002 | 003 | 003 | 004 | 004 | 003 | 002 | 002 | 001 | 001 | ||||||||||||||||||||||||||
| FLIR | 10000 | 446840 | 421270 | 440190 | 420090 | 293490 | 404630 | 475220 | 374040 | 451930 | 648785 | 640690 | 000 | 012 | 011 | 009 | 008 | 005 | 005 | 006 | 005 | 006 | 005 | 005 | ||||||||||||||||||||||||||
| WTS | 10000 | 96879 | 105520 | 129730 | 117240 | 139670 | 203660 | 213380 | 188590 | 205520 | 230171 | 194493 | 000 | 003 | 003 | 003 | 002 | 003 | 003 | 003 | 002 | 003 | 002 | 002 | ||||||||||||||||||||||||||
| TER | 10000 | 86120 | 146120 | 203830 | 266620 | 274260 | 334860 | 376610 | 411550 | 471230 | 848493 | 631431 | 000 | 002 | 004 | 004 | 005 | 005 | 004 | 005 | 005 | 006 | 007 | 005 | ||||||||||||||||||||||||||
| WWD | 10000 | 216150 | 159700 | 213620 | 233130 | 230240 | 272760 | 335370 | 289290 | 362610 | 474188 | 453291 | 000 | 006 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | 004 | ||||||||||||||||||||||||||
| IEX | 10000 | 191370 | 229470 | 293920 | 294520 | 354630 | 565380 | 594760 | 587360 | 659040 | 979524 | 972833 | 000 | 005 | 006 | 006 | 005 | 007 | 008 | 007 | 007 | 008 | 008 | 008 | ||||||||||||||||||||||||||
| LECO | 10000 | 184880 | 201730 | 253590 | 306510 | 362260 | 569180 | 575970 | 447430 | 434670 | 602822 | 521433 | 000 | 005 | 005 | 005 | 006 | 007 | 008 | 007 | 005 | 005 | 005 | 004 | ||||||||||||||||||||||||||
| ESL | 10000 | 106840 | 125300 | 181790 | 171130 | 178330 | 251500 | 374050 | 227650 | 215910 | 284360 | 345660 | 000 | 003 | 003 | 004 | 003 | 003 | 003 | 005 | 003 | 003 | 002 | 003 | ||||||||||||||||||||||||||
| AME | 10000 | 354840 | 375130 | 575670 | 638160 | 862220 | 1168120 | 1281760 | 1327540 | 1024970 | 1557669 | 1557034 | 000 | 010 | 010 | 012 | 012 | 016 | 016 | 016 | 016 | 013 | 013 | 013 | ||||||||||||||||||||||||||
| GTLS | 10000 | 38641 | 56256 | 66843 | 166340 | 211720 | 326120 | 141860 | 52507 | 84873 | 133850 | 212344 | 000 | 001 | 001 | 001 | 003 | 004 | 004 | 002 | 001 | 001 | 001 | 002 | ||||||||||||||||||||||||||
| ENTG | 10000 | 30359 | 48116 | 79004 | 120960 | 112680 | 143860 | 189380 | 180340 | 224730 | 463085 | 375093 | 000 | 001 | 001 | 002 | 002 | 002 | 002 | 002 | 002 | 003 | 004 | 003 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 562360 | 557390 | 828048 | 1065113 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 007 | 007 | 007 | 009 | ||||||||||||||||||||||||||
| TOTAL MKT CAP | 180000 | 3609672 | 3917745 | 4852942 | 5451761 | 5446516 | 7487550 | 8129350 | 8152097 | 8143123 | 12148932 | 12331526 |
| WEIGHTED ANNUAL RETURN PERCENTAGES | ||||||||||||||||||||||||||||||||||||||||||||||||||
| COMPANY + PEER GROUP | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1575 | 2127 | 1039 | 1546 | 1441 | 0405 | -0310 | 2030 | 1748 | -0063 | 1464 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1308 | 4254 | 2225 | 4771 | 3127 | 4089 | 3419 | -1396 | 10305 | 2029 | 4282 | 0000 | 1266 | 4079 | 2116 | 4525 | 2933 | 3862 | 3236 | -1329 | 9655 | 1973 | 4068 | ||||||||||||||||||||||||||
| GGG | 0000 | 0582 | 1126 | 1098 | 0635 | 3207 | 0189 | -0270 | 0185 | 3839 | -0357 | 0638 | 0000 | 0563 | 1080 | 1044 | 0602 | 3008 | 0179 | -0255 | 0176 | 3597 | -0347 | 0606 | ||||||||||||||||||||||||||
| ITT | 0000 | 3423 | -1135 | -0294 | 1516 | 3140 | 0664 | -0537 | -0405 | 1264 | 0287 | 0619 | 0000 | 3313 | -1088 | -0280 | 1437 | 2945 | 0627 | -0508 | -0386 | 1185 | 0279 | 0588 | ||||||||||||||||||||||||||
| AIN | 0000 | 0217 | 0318 | 0164 | -0003 | 0853 | 0066 | 0018 | 0146 | 0771 | 0250 | 0355 | 0000 | 0210 | 0304 | 0155 | -0003 | 0800 | 0062 | 0017 | 0139 | 0722 | 0243 | 0337 | ||||||||||||||||||||||||||
| DCI | 0000 | 0211 | 2550 | 2376 | 0144 | 2028 | 0478 | -1737 | 1106 | 1785 | 0476 | 0221 | 0000 | 0204 | 2445 | 2259 | 0136 | 1902 | 0451 | -1644 | 1053 | 1673 | 0463 | 0210 | ||||||||||||||||||||||||||
| B | 0000 | 0295 | 0348 | 0581 | -0002 | 1243 | 0098 | 0095 | 0180 | 1640 | -0321 | 0097 | 0000 | 0286 | 0333 | 0553 | -0002 | 1166 | 0092 | 0090 | 0171 | 1537 | -0312 | 0092 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0335 | 0950 | 0010 | 0687 | 1189 | -0544 | -0712 | -0032 | 0224 | -0073 | 0044 | 0000 | -0324 | 0910 | 0010 | 0652 | 1115 | -0514 | -0674 | -0031 | 0210 | -0071 | 0041 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1567 | 0011 | -0428 | -1837 | 2485 | 0986 | -1077 | 1109 | 2360 | 0005 | 0610 | 0000 | -1517 | 0011 | -0407 | -1743 | 2331 | 0931 | -1019 | 1056 | 2211 | 0005 | 0580 | ||||||||||||||||||||||||||
| WTS | 0000 | 0231 | 0673 | -0235 | 0595 | 1098 | 0153 | -0229 | 0256 | 0330 | 0087 | 0497 | 0000 | 0224 | 0645 | -0223 | 0564 | 1030 | 0145 | -0217 | 0243 | 0309 | 0084 | 0472 | ||||||||||||||||||||||||||
| TER | 0000 | 1449 | 1215 | 1090 | 0097 | 0939 | 0251 | 0326 | 0999 | 4752 | -1213 | 3701 | 0000 | 1403 | 1165 | 1036 | 0092 | 0881 | 0237 | 0309 | 0951 | 4453 | -1179 | 3516 | ||||||||||||||||||||||||||
| WWD | 0000 | -1468 | 1336 | 0374 | -0014 | 0830 | 0995 | -0411 | 1039 | 1366 | -0146 | 1535 | 0000 | -1421 | 1281 | 0356 | -0013 | 0779 | 0940 | -0389 | 0989 | 1280 | -0142 | 1458 | ||||||||||||||||||||||||||
| IEX | 0000 | 1253 | 1621 | -0008 | 1134 | 4028 | 0713 | 0291 | 0994 | 3897 | -0168 | 1741 | 0000 | 1213 | 1555 | -0007 | 1076 | 3779 | 0673 | 0275 | 0947 | 3652 | -0163 | 1653 | ||||||||||||||||||||||||||
| LECO | 0000 | 0628 | 1399 | 1192 | 1121 | 3913 | 0439 | -1074 | 0656 | 2122 | -0462 | 0512 | 0000 | 0608 | 1341 | 1134 | 1063 | 3671 | 0414 | -1016 | 0625 | 1988 | -0450 | 0486 | ||||||||||||||||||||||||||
| ESL | 0000 | 0471 | 1322 | -0266 | 0100 | 1204 | 1477 | -1499 | -0125 | 0740 | 0507 | 0112 | 0000 | 0456 | 1268 | -0253 | 0095 | 1129 | 1394 | -1419 | -0119 | 0693 | 0493 | 0106 | ||||||||||||||||||||||||||
| AME | 0000 | 0532 | 5075 | 1162 | 3953 | 5309 | 1439 | 0876 | -2948 | 6509 | 0007 | 4327 | 0000 | 0515 | 4866 | 1105 | 3749 | 4980 | 1358 | 0830 | -2807 | 6099 | 0006 | 4111 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0458 | 0243 | 1859 | 0728 | 1913 | -2355 | -1049 | 0377 | 0567 | 0568 | -0217 | 0000 | 0443 | 0233 | 1768 | 0690 | 1794 | -2223 | -0992 | 0359 | 0531 | 0552 | -0207 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0317 | 0692 | 0764 | -0178 | 0514 | 0573 | -0123 | 0505 | 2812 | -0635 | 2280 | 0000 | 0307 | 0663 | 0727 | -0169 | 0482 | 0541 | -0116 | 0481 | 2634 | -0617 | 2166 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0056 | 2372 | 1729 | 6050 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0053 | 2222 | 1681 | 5748 | ||||||||||||||||||||||||||
| GDI | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0264 | 0701 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0256 | 0666 | ||||||||||||||||||||||||||
| NATI | 0000 | 0000 | 1631 | 0895 | -0561 | 1301 | 0520 | -0071 | -0235 | 2734 | 0489 | -0653 | 0000 | 0000 | 1564 | 0851 | -0532 | 1221 | 0491 | -0067 | -0224 | 2561 | 0475 | -0621 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8005 | 23629 | 12561 | 12885 | 38320 | 10230 | -3762 | 2356 | 50390 | 2797 | 27452 | 0000 | 9324 | 24783 | 12982 | 13767 | 37389 | 10065 | -3871 | 4274 | 48960 | 2656 | 27543 | ||||||||||||||||||||||||||
| NORDSON CORP | 0000 | 1660 | 2235 | 1094 | 1633 | 1513 | 0423 | -0325 | 2122 | 1821 | -0069 | 1598 | ||||||||||||||||||||||||||||||||||||||
| ROP | 0000 | 1381 | 4480 | 2350 | 5052 | 3293 | 4288 | 3589 | -1462 | 10764 | 2222 | 4694 | 0000 | 1334 | 4286 | 2228 | 4777 | 3079 | 4038 | 3387 | -1389 | 10056 | 2155 | 4438 | ||||||||||||||||||||||||||
| GGG | 0000 | 0614 | 1186 | 1160 | 0672 | 3377 | 0198 | -0283 | 0194 | 4010 | -0391 | 0699 | 0000 | 0593 | 1135 | 1100 | 0636 | 3157 | 0187 | -0267 | 0184 | 3746 | -0379 | 0661 | ||||||||||||||||||||||||||
| ITT | 0000 | 3613 | -1195 | -0311 | 1605 | 3306 | 0696 | -0564 | -0424 | 1321 | 0314 | 0678 | 0000 | 3491 | -1143 | -0295 | 1518 | 3091 | 0655 | -0532 | -0403 | 1234 | 0305 | 0641 | ||||||||||||||||||||||||||
| AIN | 0000 | 0229 | 0334 | 0173 | -0004 | 0898 | 0069 | 0019 | 0153 | 0805 | 0274 | 0389 | 0000 | 0221 | 0320 | 0164 | -0003 | 0839 | 0065 | 0018 | 0145 | 0752 | 0266 | 0368 | ||||||||||||||||||||||||||
| DCI | 0000 | 0222 | 2685 | 2509 | 0152 | 2135 | 0501 | -1824 | 1159 | 1865 | 0521 | 0242 | 0000 | 0215 | 2569 | 2379 | 0144 | 1997 | 0472 | -1721 | 1101 | 1742 | 0505 | 0229 | ||||||||||||||||||||||||||
| B | 0000 | 0311 | 0366 | 0614 | -0002 | 1309 | 0102 | 0100 | 0188 | 1713 | -0351 | 0106 | 0000 | 0301 | 0350 | 0582 | -0002 | 1224 | 0096 | 0095 | 0179 | 1601 | -0341 | 0101 | ||||||||||||||||||||||||||
| EPAC | 0000 | -0353 | 1000 | 0011 | 0727 | 1252 | -0570 | -0747 | -0034 | 0234 | -0079 | 0048 | 0000 | -0341 | 0957 | 0010 | 0688 | 1171 | -0537 | -0706 | -0032 | 0219 | -0077 | 0045 | ||||||||||||||||||||||||||
| FLIR | 0000 | -1654 | 0012 | -0452 | -1946 | 2616 | 1033 | -1130 | 1162 | 2465 | 0006 | 0669 | 0000 | -1599 | 0011 | -0428 | -1840 | 2447 | 0973 | -1067 | 1104 | 2303 | 0006 | 0633 | ||||||||||||||||||||||||||
| WTS | 0000 | 0244 | 0708 | -0248 | 0630 | 1157 | 0161 | -0241 | 0268 | 0344 | 0095 | 0545 | 0000 | 0236 | 0678 | -0235 | 0596 | 1082 | 0152 | -0227 | 0254 | 0322 | 0092 | 0515 | ||||||||||||||||||||||||||
| TER | 0000 | 1530 | 1279 | 1151 | 0102 | 0989 | 0263 | 0343 | 1047 | 4964 | -1328 | 4057 | 0000 | 1478 | 1224 | 1091 | 0097 | 0924 | 0248 | 0323 | 0994 | 4638 | -1288 | 3836 | ||||||||||||||||||||||||||
| WWD | 0000 | -1549 | 1407 | 0395 | -0014 | 0874 | 1043 | -0431 | 1088 | 1426 | -0160 | 1683 | 0000 | -1497 | 1346 | 0375 | -0014 | 0818 | 0983 | -0407 | 1034 | 1333 | -0155 | 1591 | ||||||||||||||||||||||||||
| IEX | 0000 | 1323 | 1707 | -0008 | 1201 | 4242 | 0747 | 0305 | 1042 | 4071 | -0184 | 1908 | 0000 | 1278 | 1633 | -0008 | 1136 | 3966 | 0704 | 0288 | 0989 | 3803 | -0178 | 1804 | ||||||||||||||||||||||||||
| LECO | 0000 | 0663 | 1473 | 1259 | 1187 | 4120 | 0460 | -1127 | 0687 | 2217 | -0506 | 0561 | 0000 | 0641 | 1409 | 1194 | 1122 | 3852 | 0433 | -1064 | 0653 | 2071 | -0491 | 0531 | ||||||||||||||||||||||||||
| ESL | 0000 | 0497 | 1392 | -0281 | 0106 | 1267 | 1548 | -1574 | -0131 | 0772 | 0555 | 0123 | 0000 | 0481 | 1332 | -0267 | 0100 | 1185 | 1458 | -1486 | -0124 | 0722 | 0539 | 0116 | ||||||||||||||||||||||||||
| AME | 0000 | 0561 | 5344 | 1227 | 4187 | 5590 | 1508 | 0920 | -3089 | 6799 | 0007 | 4744 | 0000 | 0542 | 5113 | 1163 | 3958 | 5227 | 1421 | 0868 | -2934 | 6352 | 0007 | 4485 | ||||||||||||||||||||||||||
| GTLS | 0000 | 0483 | 0256 | 1963 | 0771 | 2014 | -2469 | -1101 | 0395 | 0592 | 0622 | -0238 | 0000 | 0467 | 0245 | 1862 | 0729 | 1883 | -2325 | -1039 | 0376 | 0553 | 0603 | -0225 | ||||||||||||||||||||||||||
| ENTG | 0000 | 0335 | 0728 | 0807 | -0188 | 0541 | 0601 | -0129 | 0529 | 2937 | -0695 | 2499 | 0000 | 0323 | 0697 | 0765 | -0178 | 0506 | 0566 | -0121 | 0503 | 2744 | -0674 | 2363 | ||||||||||||||||||||||||||
| KEYS | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0058 | 2477 | 1894 | 6632 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | -0055 | 2314 | 1836 | 6270 | ||||||||||||||||||||||||||
| WEIGHTED AVERAGE RETURNS | 0000 | 8450 | 23163 | 12318 | 14239 | 38980 | 10181 | -3875 | 2714 | 49776 | 2816 | 30040 | 0000 | 9825 | 24395 | 12775 | 15096 | 37960 | 10012 | -3982 | 4701 | 48326 | 2662 | 29998 |
| STARTING | CUMULATIVE TOTAL DOLLAR RETURN ($100 BASIS) | |||||||||||||||||||||||||||||||||||||||||||||||||
| BASIS | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Initial | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| GDI | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 000 | 2737 | -620 | 1763 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 12737 | 11947 | 14053 | ||||||||||||||||||||||||||
| NATI | 10000 | 000 | 3244 | 1690 | -1007 | 2586 | 1124 | -149 | -517 | 6420 | 1105 | -1362 | 10000 | 10000 | 13244 | 15481 | 13922 | 17522 | 19491 | 19201 | 18208 | 29897 | 33200 | 28678 | ||||||||||||||||||||||||||
| NORDSON CORP | 10000 | 4923 | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | 10000 | 14923 | 22627 | 27410 | 35622 | 43917 | 47110 | 44380 | 63204 | 80721 | 78883 | 101971 | ||||||||||||||||||||||||||
| ROP | 10000 | 1227 | 3823 | 1744 | 3535 | 1679 | 2553 | 1842 | -635 | 4990 | 1023 | 1978 | 10000 | 11227 | 15518 | 18224 | 24667 | 28810 | 36164 | 42826 | 40105 | 60119 | 66269 | 79380 | ||||||||||||||||||||||||||
| GGG | 10000 | 1492 | 2815 | 2715 | 1403 | 6323 | 313 | -493 | 385 | 7829 | -642 | 1275 | 10000 | 11492 | 14728 | 18726 | 21353 | 34855 | 35948 | 34176 | 35493 | 63279 | 59214 | 66762 | ||||||||||||||||||||||||||
| ITT | 10000 | 1613 | -506 | -174 | 1036 | 9369 | 1453 | -1110 | -977 | 3407 | 931 | 1891 | 10000 | 11613 | 11025 | 10833 | 11954 | 23154 | 26518 | 23575 | 21272 | 28521 | 31176 | 37070 | ||||||||||||||||||||||||||
| AIN | 10000 | 1899 | 2550 | 1319 | -027 | 7088 | 442 | 129 | 1037 | 5011 | 1714 | 2124 | 10000 | 11899 | 14933 | 16902 | 16855 | 28802 | 30076 | 30464 | 33623 | 50470 | 59119 | 71678 | ||||||||||||||||||||||||||
| DCI | 10000 | 297 | 3812 | 3273 | 174 | 2433 | 649 | -2599 | 2357 | 3134 | 1032 | 456 | 10000 | 10297 | 14222 | 18876 | 19204 | 23877 | 25426 | 18818 | 23255 | 30542 | 33695 | 35232 | ||||||||||||||||||||||||||
| B | 10000 | 1424 | 1704 | 2982 | -008 | 5773 | 411 | 409 | 744 | 6504 | -1223 | 452 | 10000 | 11424 | 13370 | 17357 | 17344 | 27356 | 28481 | 29646 | 31852 | 52568 | 46140 | 48226 | ||||||||||||||||||||||||||
| EPAC | 10000 | -1272 | 4419 | 034 | 2569 | 3314 | -1552 | -2790 | -202 | 1453 | -634 | 405 | 10000 | 8728 | 12585 | 12627 | 15871 | 21130 | 17852 | 12872 | 12611 | 14443 | 13528 | 14076 | ||||||||||||||||||||||||||
| FLIR | 10000 | -1336 | 011 | -498 | -2525 | 4856 | 1912 | -1934 | 2533 | 4442 | 011 | 1288 | 10000 | 8664 | 8673 | 8241 | 6160 | 9151 | 10901 | 8793 | 11020 | 15915 | 15933 | 17985 | ||||||||||||||||||||||||||
| WTS | 10000 | 908 | 2630 | -927 | 2929 | 4511 | 592 | -917 | 1157 | 1364 | 501 | 3457 | 10000 | 10908 | 13777 | 12500 | 16161 | 23451 | 24838 | 22560 | 25171 | 28605 | 30039 | 40423 | ||||||||||||||||||||||||||
| TER | 10000 | 6412 | 3429 | 2740 | 209 | 1963 | 588 | 740 | 2073 | 8578 | -1902 | 7923 | 10000 | 16412 | 22039 | 28078 | 28666 | 34294 | 36311 | 38997 | 47083 | 87469 | 70834 | 126957 | ||||||||||||||||||||||||||
| WWD | 10000 | -2587 | 3452 | 898 | -034 | 2068 | 2864 | -1046 | 3066 | 3203 | -409 | 4578 | 10000 | 7413 | 9972 | 10867 | 10830 | 13070 | 16814 | 15055 | 19672 | 25974 | 24912 | 36316 | ||||||||||||||||||||||||||
| IEX | 10000 | 2496 | 2915 | -013 | 2224 | 6514 | 990 | 417 | 1446 | 5030 | -228 | 2419 | 10000 | 12496 | 16138 | 16116 | 19700 | 32534 | 35754 | 37246 | 42630 | 64073 | 62613 | 77757 | ||||||||||||||||||||||||||
| LECO | 10000 | 1294 | 2860 | 2409 | 2111 | 6195 | 605 | -1591 | 1252 | 4153 | -1020 | 1327 | 10000 | 11294 | 14524 | 18024 | 21828 | 35349 | 37488 | 31524 | 35473 | 50203 | 45081 | 51066 | ||||||||||||||||||||||||||
| ESL | 10000 | 1681 | 4353 | -751 | 338 | 3871 | 4609 | -3421 | -467 | 2913 | 2373 | 437 | 10000 | 11681 | 16765 | 15506 | 16030 | 22235 | 32484 | 21372 | 20374 | 26309 | 32553 | 33976 | ||||||||||||||||||||||||||
| AME | 10000 | 571 | 5581 | 1034 | 3577 | 3531 | 967 | 584 | -1897 | 5402 | 006 | 3757 | 10000 | 10571 | 16470 | 18174 | 24673 | 33386 | 36614 | 38751 | 31401 | 48363 | 48390 | 66570 | ||||||||||||||||||||||||||
| GTLS | 10000 | 4516 | 1785 | 14253 | 2527 | 5182 | -5669 | -6307 | 6137 | 5681 | 5644 | -1384 | 10000 | 14516 | 17107 | 41490 | 51975 | 78906 | 34178 | 12621 | 20367 | 31937 | 49961 | 43045 | ||||||||||||||||||||||||||
| ENTG | 10000 | 3978 | 5931 | 4958 | -848 | 2616 | 3127 | -552 | 2393 | 10642 | -1824 | 8217 | 10000 | 13978 | 22268 | 33309 | 30484 | 38458 | 50484 | 47696 | 59107 | 122007 | 99749 | 181716 | ||||||||||||||||||||||||||
| KEYS | 10000 | 000 | 000 | 000 | 000 | 000 | 000 | -602 | -085 | 3619 | 2778 | 7679 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 10000 | 9398 | 9318 | 12691 | 16216 | 28668 | ||||||||||||||||||||||||||
| PREPARED FOR | Nordson Corporation | |||||||||||||||||||||||
| PREPARED ON | 111319 | |||||||||||||||||||||||
| ZACKS TOTAL RETURN ANNUAL COMPARISON | ||||||||||||||||||||||||
| CUMULATIVE TOTAL RETURN SUMMARY | ||||||||||||||||||||||||
| October 2019 | ||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||
| Nordson Corporation | Return | 5162 | 2114 | 2996 | 2328 | 727 | -580 | 4242 | 2772 | -228 | 2927 | |||||||||||||
| Cum $ | 10000 | 15162 | 18367 | 23870 | 29428 | 31568 | 29738 | 42352 | 54090 | 52858 | 68329 | |||||||||||||
| SampP 500 Index | Return | 1652 | 809 | 1521 | 2718 | 1727 | 520 | 451 | 2363 | 735 | 1433 | |||||||||||||
| Cum $ | 10000 | 11652 | 12594 | 14509 | 18452 | 21638 | 22764 | 23790 | 29412 | 31573 | 36096 | |||||||||||||
| SampP MidCap 400 | Return | 2764 | 855 | 1211 | 3348 | 1165 | 342 | 626 | 2348 | 102 | 902 | |||||||||||||
| Cum $ | 10000 | 12764 | 13855 | 15532 | 20733 | 23149 | 23942 | 25439 | 31412 | 31733 | 34594 | |||||||||||||
| SampP 500 Ind Machinery | Return | 2795 | 346 | 1968 | 4279 | 1277 | -015 | 1418 | 3787 | -773 | 2196 | |||||||||||||
| Cum $ | 10000 | 12795 | 13238 | 15843 | 22622 | 25510 | 25471 | 29084 | 40096 | 36997 | 45120 | |||||||||||||
| SampP MidCap 400 Ind Machinery | Return | 2997 | 1373 | 921 | 3884 | 597 | -1629 | 1736 | 4343 | -211 | 1883 | |||||||||||||
| Cum $ | 10000 | 12997 | 14782 | 16144 | 22414 | 23752 | 19882 | 23334 | 33467 | 32762 | 38931 | |||||||||||||
| Peer Group | Return | 2363 | 1256 | 1289 | 3832 | 1023 | -376 | 236 | 5039 | 280 | 2745 | |||||||||||||
| Cum $ | 10000 | 12363 | 13916 | 15709 | 21728 | 23951 | 23050 | 23593 | 35482 | 36475 | 46487 | |||||||||||||
| New Peer Group + Nordson Corporation | Return | 2478 | 1298 | 1377 | 3739 | 1007 | -387 | 427 | 4896 | 266 | 2754 | |||||||||||||
| Cum $ | 10000 | 12478 | 14098 | 16039 | 22036 | 24254 | 23315 | 24312 | 36214 | 37176 | 47416 | |||||||||||||
| Old Peer Group | Return | 2316 | 1232 | 1424 | 3898 | 1018 | -387 | 271 | 4978 | 282 | 3004 | |||||||||||||
| Cum $ | 10000 | 12316 | 13833 | 15803 | 21963 | 24199 | 23262 | 23893 | 35786 | 36794 | 47847 | |||||||||||||
| Old Peer Group + Nordson Corporation | Return | 2439 | 1277 | 1510 | 3796 | 1001 | -398 | 470 | 4833 | 266 | 3000 | |||||||||||||
| Cum $ | 10000 | 12439 | 14029 | 16146 | 22276 | 24506 | 23530 | 24636 | 36542 | 37514 | 48768 | |||||||||||||
| NOTE Data complete through last fiscal year | ||||||||||||||||||||||||
| NOTE Corporate Performance Graph with peer group uses peer group only performance (excludes only company) | ||||||||||||||||||||||||
| NOTE Peer group indices use beginning of period market capitalization weighting | ||||||||||||||||||||||||
| NOTE Prepared by Zacks Investment Research Inc Used with permission All rights reserved Copyright 1980-2019 | ||||||||||||||||||||||||
| NOTE Index Data Copyright Standard and Poorrsquos Inc Used with permission All rights reserved | ||||||||||||||||||||||||
23
Industry Leading Gross MarginsConsistently Mid 50s
541 549 551 548 543
0
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
24
Strong EBITDA MarginsContinuous Improvement Initiatives
5 Year CAGR = 66
$0
$100000
$200000
$300000
$400000
$500000
$600000
$700000
2015 2016 2017 2018 2019
$000
227
254
264
268 267
FY15 results impacted by significant negative currency translation effects compared to the prior year
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
25
EPS GrowthHigh gross margins lead to significant volume leverage
FY15 results impacted by significant negative currency translation effects compared to the prior year
$345
$473$508
$640
$579
$000
$100
$200
$300
$400
$500
$600
$700
2015 2016 2017 2018 2019
5 Year CAGR = 86
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
$-
$50000
$100000
$150000
$200000
$250000
$300000
$350000
$400000
$450000
2015 2016 2017 2018 2019
Free cash flow before dividends Net income26
Strong Cash GenerationFunds Growth and Returns to Shareholders
FY15 results impacted by significant negative currency translation effects compared to the prior year
Strong Cash Conversion 2015 ndash 20192019 Free Cash Flow Before Dividends
= 95 of Net Income
Chart2
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090GROSS MARGIN
EBITDA
FCF Bef Div
Free cash flow before dividends20152016201720182019200461271607289200415312319936Net income20152016201720182019211111271843295802377376337090Share Repurch amp Div
USE of CASH
TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195090879969177523672142124288PPampE Capital Leases201220132014201530042492134910566730Acquisitions201220132014201544165117633318642075565Dividends201220132014201533805404784839154849Share Repurchases20122013201420158845533402166434383851Working Capital201220132014201520150258294058537724TOTALPPampE Capital LeasesAcquisitionsDividendsShare RepurchasesWorking Capital195880177567221243PPampE Capital Leases201220132014201530492491667Acquisitions201220132014201544171763186475599999999999994Dividends201220132014201533799999999999997405484548Share Repurchases201220132014201588533416643839Working Capital201220132014201520225840637700000000000003PPampE Capital Leases
20142015201620172018TOTAL4916676459999999999999472837999999999994947253238Acquisitions
20142015201620172018TOTAL186475599999999999994427805942999999999985061110643Dividends
20142015201620172018TOTAL48454856463847240000000000000622344Share Repurchases
20142015201620172018TOTAL16643839334321600000000000022458691599999999994Working Capital
$1755
20142015201620172018TOTAL40637700000000000003213625-9116210000000000002
RandD
RampD Spend ($ 000)201120122013201420152016201726997365354797347536466894624752462US Patents Granted201120122013201420152016201744676253626351EMERGING
Asia Pacific200720122017153633403086594298Americas20072012201773564109074147026ACQUISITIONS
Sales Volume Growth from AcqusitionsOrganic VolumeAcquisitions
Organic Volume200720082009201020112012201320142015201620171E-350999999999999997E-2-0233000000000000010255015279000000000000001E-240000000000000001E-362E-224E-265000000000000002E-279000000000000001E-2Acquisitions2007200820092010201120122013201420152016201779000000000000001E-237999999999999999E-20050000000000000001E-385000000000000006E-201019999999999999947E-234000000000000002E-200269000000000000006E-2
GIVING
Foundation Grants2007200820092010201120122013201420152016201711145141709226106112516271812151950236182440628655160947535991556059426258621Corporate Donations2007200820092010201120122013201420152016201774099988897382227162624085439498031018447592330047245158325715282639515Employees
working capital
2005200620072008200920102011201220132014201579840995747309171E-2011878110916465763018116055065722403016030614431171317023224747151062361024877994452504007023905757489504598017234874551106785023673862757717343017711929606501328024919966411356656
image1png
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
| Revenue | Working Capital | ||||||
| 2005 | 80 | $ 832179 | $ 66442 | ||||
| 2006 | 119 | $ 892221 | $ 105979 | ||||
| 2007 | 181 | $ 993649 | $ 180010 | ||||
| 2008 | 160 | $ 1124829 | $ 180317 | ||||
| 2009 | 232 | $ 819165 | $ 190249 | ||||
| 2010 | 249 | $ 1041551 | $ 259117 | ||||
| 2011 | 239 | $ 1233159 | $ 294796 | ||||
| 2012 | 172 | $ 1409578 | $ 242939 | ||||
| 2013 | 237 | $ 1542921 | $ 365269 | ||||
| 2014 | 177 | $ 1704021 | $ 301815 | ||||
| 2015 | 249 | $ 1688666 | $ 420815 |
| Total Active FTE | 6550 | ||
| Total Temp FTE | 1350 | ||
| Other entities | 957 | ||
| TOTAL | 8857 | ||
| Press Release | 7532 |
| Foundation and Corporate Giving 2007 - 2017 | |||||||
| Foundation Grants | Corporate Donations | ||||||
| 2007 | $ 111451400 | $ 74099900 | 1855513 | ||||
| 2008 | $ 170922600 | $ 88897300 | 2598199 | ||||
| 2009 | $ 106112500 | $ 82227100 | 1883396 | ||||
| 2010 | $ 162718100 | $ 62624000 | 2253421 | ||||
| 2011 | $ 215195000 | $ 85439400 | 3006344 | ||||
| 2012 | $ 236182400 | $ 98031000 | 3342134 | ||||
| 2013 | $ 406286500 | $ 184475900 | 5907624 | ||||
| 2014 | $ 516094700 | $ 233004700 | 7490994 | ||||
| 2015 | $ 535991500 | $ 245158300 | 7811498 | ||||
| 2016 | $ 560594200 | $ 257152800 | 8177470 | ||||
| 2017 | $ 625862100 | $ 263951500 | 8898136 | ||||
| 30215489 | 14111104 | 53224729 | |||||
| Corporate Donations includes United Way and Matching Gifts | |||||||
| From - Pam Nielsen | |||||||
| Sales Volume Growth from Acqusitions | |||||||||||
| 2005 | 0 | ||||||||||
| 2006 | 0 | ||||||||||
| 2007 | 79 | ||||||||||
| 2008 | 38 | ||||||||||
| 2009 | 00 | ||||||||||
| 2010 | 00 | ||||||||||
| 2011 | 02 | ||||||||||
| 2012 | 85 | ||||||||||
| 2013 | 102 | ||||||||||
| 2014 | 47 | ||||||||||
| 2015 | 34 | ||||||||||
| average | 35 | ||||||||||
| Revenue from three acquisitons offset by divestiture of selected product lines | |||||||||||
| Organic Volume | Acquisitions | ||||||||||
| 2005 | 58 | 0 | |||||||||
| 2006 | 85 | 0 | |||||||||
| 2007 | 01 | 79 | |||||||||
| 2008 | 51 | 38 | |||||||||
| 2009 | -233 | 0 | |||||||||
| 2010 | 255 | 00 | |||||||||
| 2011 | 152 | 05 | |||||||||
| 2012 | 79 | 85 | |||||||||
| 2013 | 04 | 102 | |||||||||
| 2014 | 62 | 47 | |||||||||
| 2015 | 24 | 34 | |||||||||
| 2016 | 65 | 20 | |||||||||
| average | |||||||||||
| Organic Volume | Acquisitions | Tot Volume | Fx | Nominal | |||||||
| 2007 | 01 | 79 | 80 | ||||||||
| 2008 | 51 | 38 | 89 | ||||||||
| 2009 | -233 | 0 | -233 | ||||||||
| 2010 | 255 | 00 | 255 | ||||||||
| 2011 | 152 | 05 | 157 | ||||||||
| 2012 | 79 | 85 | 164 | ||||||||
| 2013 | 04 | 102 | 106 | ||||||||
| 2014 | 62 | 47 | 109 | ||||||||
| 2015 | 24 | 34 | 58 | ||||||||
| 2016 | 65 | 20 | 85 | -14 | 71 | ||||||
| 2017 | 79 | 69 | 148 | -05 | 143 | ||||||
| average | 49 | 44 | 93 | ||||||||
| Asia Pacific | Americas | |||||||
| 2007 | $ 153633 | $ 73564 | $ 227197 | |||||
| 2012 | $ 403086 | $ 109074 | $ 512160 | |||||
| 2017 | $ 594298 | $ 147026 | $ 741324 | |||||
| total | ||||||||
| increase | CAGR | |||||||
| 226 | 126 |
| RampD Spend ($ 000) | US Patents Granted | |||||||||||||||||||||||
| 2011 | $ 26997 | 44 | ||||||||||||||||||||||
| 2012 | $ 36535 | 67 | ||||||||||||||||||||||
| 2013 | $ 47973 | 62 | ||||||||||||||||||||||
| 2014 | $ 47536 | 53 | ||||||||||||||||||||||
| 2015 | $ 46689 | 62 | ||||||||||||||||||||||
| 2016 | $ 46247 | 63 | ||||||||||||||||||||||
| 2017 | $ 52462 | 51 | ||||||||||||||||||||||
| from Bev Cooper (previously Bev Csavina pre-2017) | ||||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| No of Patents | 147 | 177 | 156 | 178 | 166 | 191 | 188 | 231 | 253 | 220 | 253 | |||||||||||||
| 10-K | ||||||||||||||||||||||||
| Our intellectual property portfolios include valuable patents trade secrets know-how domain names trademarks | ||||||||||||||||||||||||
| and trade names As of October 31 2015 we held 544 United States patents and 1248 foreign patents and had | ||||||||||||||||||||||||
| 231 United States patent applications pending and 956 foreign patent applications pending but there is no | ||||||||||||||||||||||||
| assurance that any patent application will be issued We continue to apply for and obtain patent protection for | ||||||||||||||||||||||||
| new products on an ongoing basis | ||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 30042 | $ 49213 | $ 49105 | $ 66730 | $ 195090 | 95 | ||||||||||||||||||||
| Acquisitions | $ 441651 | $ 176333 | $ 186420 | $ 75565 | $ 879969 | 429 | ||||||||||||||||||||
| Dividends | $ 33805 | $ 40478 | $ 48391 | $ 54849 | $ 177523 | 87 | ||||||||||||||||||||
| Share Repurchases | $ 88455 | $ 33402 | $ 166434 | $ 383851 | $ 672142 | 328 | ||||||||||||||||||||
| Working Capital | $ 20150 | $ 25829 | $ 40585 | $ 37724 | $ 124288 | 61 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 614103 | $ 325255 | $ 490935 | $ 618719 | $ 2049012 | 1000 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | TOTAL | ||||||||||||||||||||||
| PPampE Capital Leases | $ 300 | $ 492 | $ 491 | $ 667 | $ 1950 | 10 | ||||||||||||||||||||
| Acquisitions | $ 4417 | $ 1763 | $ 1864 | $ 756 | $ 8800 | 43 | ||||||||||||||||||||
| Dividends | $ 338 | $ 405 | $ 484 | $ 548 | $ 1775 | 9 | ||||||||||||||||||||
| Share Repurchases | $ 885 | $ 334 | $ 1664 | $ 3839 | $ 6722 | 33 | ||||||||||||||||||||
| Working Capital | $ 202 | $ 258 | $ 406 | $ 377 | $ 1243 | 6 | ||||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 6142 | $ 3252 | $ 4909 | $ 6187 | $ 20490 | 100 | ||||||||||||||||||||
| ROUNDED | ||||||||||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | TOTAL | |||||||||||||||||||||
| PPampE Capital Leases | $ 491 | $ 667 | $ 646 | $ 728 | $947 | $ 2532 | 11 | x | ||||||||||||||||||
| Acquisitions | $ 1864 | $ 756 | $ 427 | $ 8059 | $506 | $ 11106 | 48 | x | ||||||||||||||||||
| Dividends | $ 484 | $ 548 | $ 564 | $ 638 | $724 | $ 2234 | 10 | x | ||||||||||||||||||
| Share Repurchases | $ 1664 | $ 3839 | $ 334 | $ 32 | $240 | $ 5869 | 25 | x | ||||||||||||||||||
| Working Capital | $ 406 | $ 377 | $ 213 | $ 625 | -$91 | $ 1621 | 7 | x | ||||||||||||||||||
| TOTAL WITH WORKING CAPITAL | $ 4909 | $ 6187 | $ 2184 | $ 10083 | $2326 | $ 23363 | 100 | |||||||||||||||||||
| 153 | 6 | |||||||||||||||||||||||||
| 6109 | 24 | |||||||||||||||||||||||||
| 2958 | 12 | |||||||||||||||||||||||||
| 11612 | 45 | |||||||||||||||||||||||||
| 3479 | 14 | |||||||||||||||||||||||||
| 25688 |
| Share Repurch | Dividends | TOTAL | |||||
| 2015 | 383851 | 54849 | 438700 | ||||
| 2016 | 33421 | 56435 | 89856 | ||||
| 2017 | 3216 | 63840 | 67056 | ||||
| 2018 | 24011 | 72443 | 96454 | ||||
| 2019 | 120510 | 82145 | 202655 | ||||
| TOTAL | 565009 | 329712 | 894721 | ||||
| Free cash flow before dividends | Net income | Cash Conv Ratio | |||||
| 2015 | $ 200461 | $ 211111 | 950 | ||||
| 2016 | $ 271607 | $ 271843 | 999 | ||||
| 2017 | $ 289200 | $ 295802 | 978 | ||||
| 2018 | $ 415312 | $ 377376 | 1101 | ||||
| 2019 | $ 319936 | $ 337090 | 949 | ||||
| TOTAL | 1496516 | 1493222 | 1002 |
| EBITDA | SALES | EBITDA MARGIN | |||||
| 2014 | 426718 | 1704022 | 250 | ||||
| 2015 | 383603 | 1688665 | 227 | ||||
| 2016 | 459391 | 1808994 | 254 | ||||
| 2017 | 546621 | 2066982 | 264 | ||||
| 2018 | 605119 | 2254668 | 268 | ||||
| 2019 | 586647 | 2194226 | 267 | ||||
| TOTAL | 2581381 | 10013535 | 258 | ||||
| Average | 256 | ||||||
| CAGR | 66 |
| Sales | COS | GM | ||||||||
| 2012 | 1409578 | 586289 | 584 | |||||||
| 2013 | 1542921 | 676777 | 561 | |||||||
| 2014 | 1704021 | 758923 | 555 | |||||||
| 2015 | 1688666 | 774702 | 541 | -09 | ||||||
| 2016 | 1808994 | 815495 | 549 | 71 | ||||||
| 2017 | 2066982 | 927692 | 551 | 143 | ||||||
| 2018 | 2254668 | 1018340 | 548 | 91 | ||||||
| 2019 | 2194226 | 1002123 | 543 | -27 | ||||||
| Average | 547 | 54 |
$667
$646
$728
$947
$678 $3666
$756
$427
$8059 $506
$125
$9873
$548
$564
$638
$724
$821
$3295 $3839
$334
$32 $240
$1205
$5650
$377 $213 $625
$(91)
$797
$1921
-20
0
20
40
60
80
100
2015 2016 2017 2018 2019 TOTAL
PPampE Capital Leases Acquisitions Dividends Share Repurchases Working Capital27
Disciplined Capital Deployment37 or $8945 Million to Shareholders via Share Repurchases and Dividends
Self funding business model generates excess cash
Low working capital requirements
Low capital expenditures (approx 3 of sales)
Strong free cash 56 consecutive years of
dividend increases - 14th
among publicly traded companies
PPampELeases15
Acquisitions40
Dividends 14
Share Repurchases 23
Working Capital 8
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
28
Proven Financial Performance
1 Clear Strategy and Goals
2 Strong Execution and Performance
3 Leading Global Businesses
4 Numerous Growth Opportunities
5 Outstanding Culture and Values
6 Committed to Community
Investment Summary
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
bull Product Innovation
bull Historic Financials
bull 3QF2020 Financial Exhibits
Appendix
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Appendix
Product Innovation
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Our Electronics Industry PositionSurface Mount Manufacturing
31
QA Lab Island of Automation
Solder paste printer
Solder paste inspection
Component placement
Optical inspection
Reflow oven
X-rayinspection
Inline Systems
X-ray inspection Acoustic inspection Bond testing
Optical inspection
Flux spraycoating
Plasmasurface
treatment
Conformal coating
Underfillencapsulation
orprecise coating
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
32
Our Role in the Semiconductor Process
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
From benchtop dispensers to industry-best jetting valves and automated dispensing
robots Nordson EFD systems deliver accurate repeatable deposits of glues greases and other industrial fluids in
precise low-volume applications
Optimumreg components are designed as a complete system to help companies
improve yields and reduce costs
Dispense tips deliver a clean smooth flow path free of flash and burrs In 200+ sizes and styles tips are lot-tracked for process
control and traceability
From specialty tubing catheters medical balloons quick-connect
couplings and couplers Nordson is an expert in the design development and
manufacture of complex medical devices and component technologies
Advanced Technology ndash Fluid Management
33
Precision Low-Volume DispensingLife Sciences
Fluid Management ComponentsOptimumreg Syringe Barrels and Tips
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Jetting Technology
Dispenses adhesive using non-contact jetting into channels as small
as 03mm or 300 micron per second
Auto-fill Tankless Technology
Adhesive fill systems monitor and maintain
optimum adhesive levels
Variable Dispense Technology
Delivering different add-on rates with one
applicator
Foaming Technology
Maintains bond strength while reducing volume of adhesive required
Precision dispense technology
Increases production efficiency for nonwovens manufacturing process
34
Core Adhesives Innovative Technology
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Appendix
Historic Financials
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
36
Strong Capital ManagementNet Debt to EBITDA
At fiscal years ending 1031 Net Debt to EBITDA calculated net of cash
000
050
100
150
200
250
300
2015 2016 2017 2018 2019
Strong cash generation lets Nordson de-lever quicklyAt 1312020 Net Debt to TTM EBITDA = 17 times
Acquisitions ampShare
Repurchases Vention Acquisition
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
$405
$55$134(a)
$110
$350$178(b)
$850
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
Term Loan A(US) amp PNC
Loan
NYL Term Loan A(EUR)
2012 PrivatePlacement
2015 PrivatePlacement
2018 PrivatePlacement
Revolver
Drawn Available
$86
Amortizing avg rate 307
Remaining avg life 258 yrs
Ends April 2024
785 bps over USD Libor at 32520
Amortizing avg rate 306
Remaining avg life 416 yrs
$200M ndashat 600 bps maturity 93022
$205M ndashat 700 bps maturity 33124
Amortizing avg rate 390
Remaining avg life 530 yrs
Amortizing avg rate 221
Remaining avg life 009 yrs
Maturity 33123
(a) 750 bps over EUR Libor
(b) 670 bps over EUR Libor
EUR denominated
Strong Capital ManagementDebt position as of 7312020
37
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Chart1
$86
Drawn
Available
$55
$134(a)
$110
$350
$100(b)
$178(b)
$100(a)
$850
405
5556
134
178
1099
857
350
850
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
| Term Loan A (US) amp PNC Loan | Term Loan A (US) amp PNC Loan | ||
| NYL | NYL | ||
| Term Loan A (EUR) | Term Loan A (EUR) | ||
| 2012 Private Placement | 2012 Private Placement | ||
| 2015 Private Placement | 2015 Private Placement | ||
| 2018 Private Placement | 2018 Private Placement | ||
| Revolver | Revolver |
Sheet1
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
| Term Loan A (US) amp PNC Loan | NYL | Term Loan A (EUR) | 2012 Private Placement | 2015 Private Placement | 2018 Private Placement | Revolver | ||||||||
| Drawn | 405 | 5556 | 134 | 1099 | 857 | 350 | ||||||||
| Available | 178 | 850 | ||||||||||||
| 850 | ||||||||||||||
| 10945 | ||||||||||||||
| 312000 |
38
Innovation Drives Organic GrowthSteady Stream of New Products
62 63
51
58
47
0
10
20
30
40
50
60
70
80
$0
$10000
$20000
$30000
$40000
$50000
$60000
2015 2016 2017 2018 2019
Num
ber o
f US
Pat
ents
Gra
nted
Ramp
D S
pend
(in
thou
sand
s)
R amp D Spend US Patents Granted
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
Currency ImpactAnnual Sales Growth and EPS
39
-100
-50
00
50
100
150
200
2015 2016 2017 2018 2019
Currency EffectVolume Growth
($054) ($019) ($003) $024 ($030)FX Impact to EPS
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
Appendix
Financial Exhibits
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
41
Nordson Corporation2015 ndash 2019 Sales Growth
Organic Acquisitive Currency TotalFY2015 34 24 -67 -09FY2016 65 20 -14 71FY2017 79 69 -05 143FY2018 25 46 20 91FY2019 -11 04 -20 -27
5 yr avg 38 33 -17 54
Nordson Corporation
Organic Acquisitive Currency TotalFY2015 17 69 -29 57FY2016 101 46 -08 139FY2017 151 183 -07 327FY2018 38 107 13 158FY2019 -46 09 -14 -51
5 yr avg 52 83 -09 126
Advanced Technology Solutions Industrial Precision Solutions
Organic Acquisitive Currency TotalFY2015 42 02 -86 -42FY2016 47 05 -17 35FY2017 35 00 -03 32FY2018 14 00 25 39FY2019 19 00 -25 -065 yr avg 31 01 -21 12
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
42
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
43
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
44
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
45
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
46
- Slide Number 1
- Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
- Slide Number 3
- Slide Number 4
- Slide Number 5
- Slide Number 6
- Slide Number 7
- Slide Number 8
- Slide Number 9
- Slide Number 10
- Slide Number 11
- Slide Number 12
- Why Invest in Nordson
- Slide Number 14
- Slide Number 15
- Slide Number 16
- Slide Number 17
- Slide Number 18
- Slide Number 19
- Financial Results
- Slide Number 21
- Slide Number 22
- Slide Number 23
- Slide Number 24
- Slide Number 25
- Slide Number 26
- Slide Number 27
- Slide Number 28
- Appendix
- AppendixProduct Innovation
- Slide Number 31
- Slide Number 32
- Slide Number 33
- Slide Number 34
- AppendixHistoric Financials
- Slide Number 36
- Slide Number 37
- Slide Number 38
- Slide Number 39
- AppendixFinancial Exhibits
- Slide Number 41
- Slide Number 42
- Slide Number 43
- Slide Number 44
- Slide Number 45
- Slide Number 46
-
Related Documents
