Nordson (NDSN) 8-K Nordson Corporation Reports Fourth-quarter Financial Results; Achieves Record 2006 Fiscal Year Sales and Earnings Per Share

Exhibit 99.1

FOR IMMEDIATE RELEASE

NORDSON CORPORATION REPORTS FOURTH-QUARTER FINANCIAL RESULTS; ACHIEVES RECORD 2006 FISCAL YEAR SALES AND EARNINGS PER SHARE

• Worldwide Fourth-Quarter Sales Reach Record $241.5 Million

• Fourth-Quarter Earnings Per Share Increase to Record $.82

• 2006 Fiscal Year Sales Grow 7 Percent to Record $892.2 Million

• 2006 Fiscal Year Earnings Per Share Reach $2.65

WESTLAKE, Ohio – December 19, 2006 – Nordson Corporation (Nasdaq:NDSN) today reported record sales and earnings for the fourth quarter, which ended October 31, 2006.  Sales for the fourth quarter reached $241.5 million, a 1 percent increase over sales of  $238.9 million for the same period of 2005. Favorable currency effects accounted for the majority of the increase. All sales and volume amounts for 2006 and prior periods exclude revenue associated with Nordson’s Fiber Systems Group, which was sold in October 2006.

On a diluted basis, fourth-quarter earnings per share from continuing operations were $.87, as compared to the prior year’s $.84. Reflecting the fourth-quarter 2006 sale of the Fiber Systems Group, diluted fourth-quarter earnings per share from discontinued operations were a loss of $.05, as compared to the prior year’s loss of $.04. This after-tax result reflects the operational results for the quarter combined with the one-time effect of the business sale.

Fourth-quarter sales volume for the Finishing and Coating Systems segment was up 11 percent. Volume in the Advanced Technology Systems segment was up 3 percent. Volume was down 4 percent in the Adhesive Dispensing Systems segment.

On a geographic basis, fourth-quarter volume was up 10 percent in the Asia Pacific region, 2 percent in Europe and 1 percent in Japan. Volume was down in the United States and the Americas by 4 percent and 9 percent, respectively.

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Nordson Corporation Reports Fourth-Quarter Financial Results
December 19, 2006
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Annual sales for the fiscal year, which ended October 31, 2006, were a record $892.2 million, a 7 percent increase from fiscal 2005 sales of $832.2 million. Volume gains of 8 percent were offset by unfavorable currency effects of 1 percent. Full year diluted earnings per share from continuing operations were a record $2.86, compared to $2.31 in 2005. Diluted earnings per share from discontinued operations for the year were a loss of $.21, as compared to a loss of $.17 in 2005.

Backlog at year end was approximately $69 million, compared with $75 million for the same period of the prior year. These backlog amounts are calculated at 2006 exchange rates and exclude the Fiber Systems Group.

“I am pleased by Nordson’s strong performance in fiscal year 2006, with both our sales volume and earnings per share reaching record levels,” said Edward P. Campbell, chairman and chief executive officer.

“Though our Advanced Technology segment grew at a decelerated rate in the fourth quarter, the segment performed exceptionally well in fiscal 2006, growing 20 percent,” Campbell said. “I am encouraged by the fourth quarter performance of our Finishing and Coating Systems segment, which grew 11 percent. In addition, we made significant progress in improving the profitability of the Finishing businesses.”

“With the sale of the Fiber Systems Group, we expect improved operating margins in our Adhesive Dispensing Systems segment in 2007 and beyond,” Campbell added.

Nordson will broadcast its fourth-quarter conference call on the investor relations page of its Web site, www.nordson.com, on Wednesday, December 20, 2006 at 8:30 a.m. EST. For persons unable to listen to the live broadcast, a replay will be available for 14 days after the event. Information about Nordson’s investor relations and shareholder services is available from Barbara Price, manager, shareholder relations, at (440) 414-5344.

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Nordson Corporation Reports Fourth-Quarter Financial Results
December 19, 2006
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Except for historical information and comparisons contained herein, statements included in this release may constitute “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors, as discussed in the company’s filing with the Securities and Exchange Commission that could cause actual results to differ.

Nordson Corporation is one of the world’s leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has more than 3,600 employees worldwide, and direct operations and sales support offices in 30 countries.

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Contact:	Derrick Johnson, Director, Corporate Communications
Phone:	(440) 414-5639
E-mail:	djohnson@nordson.com

A summary of sales, income and earnings is presented in the attached tables.

FOURTH QUARTER PERIOD
Period Ending October 31, 2006
(Unaudited)

NORDSON CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands except for per-share amounts)

CONSOLIDATED STATEMENT OF INCOME

	Fourth Quarter						Year-to-Date
	2006			2005			2006			2005
Net sales	$	241,512		$	238,867		$	892,221		$	832,179
Cost of sales		102,088			106,646			379,800			362,824
Selling & administrative expenses		97,998			88,366			364,806			338,657
Operating profit		41,426			43,855			147,615			130,698
Interest expense - net		(2,022	)		(3,229	)		(10,150	)		(11,999	)
Other income (expense) - net		(616	)		393			(1,031	)		1,586
Income before income taxes		38,788			41,019			136,434			120,285
Income taxes		9,310			11,725			38,767			35,775
Income from continuing operations		29,478			29,294			97,667			84,510
Loss from discontinued operations, net of tax		(1,692	)		(1,391	)		(7,069	)		(6,172	)
Net income	$	27,786		$	27,903		$	90,598		$	78,338
Continuing operations return on sales		12	%		12	%		11	%		10	%
Continuing operations return on average shareholders’ equity		28	%		31	%		26	%		21	%
Average common shares outstanding (000’s)		33,390			34,119			33,365			35,718
Average common shares and common share equivalents (000’s)		34,015			34,919			34,180			36,527
Per share:
Basic earnings from continuing operations	$	.88		$	.86		$	2.93		$	2.37
Basic earnings from discontinued operations	$	(.05	)	$	(.04	)	$	(.21	)	$	(.18	)
Total	$	.83		$	.82		$	2.72		$	2.19
Diluted earnings from continuing operations	$	.87		$	.84		$	2.86		$	2.31
Diluted earnings from discontinued operations	$	(.05	)	$	(.04	)	$	(.21	)	$	(.17	)
Total	$	.82		$	.80		$	2.65		$	2.14
Dividends paid	$	.17		$	.165		$	.67		$	.645

FOURTH QUARTER PERIOD
Period Ending October 31, 2006
(Unaudited)

NORDSON CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands except for per-share amounts)

CONSOLIDATED BALANCE SHEET

	October 31, 2006		October 30, 2005
Cash and marketable securities	$	48,868	$	11,533
Receivables		190,459		177,340
Inventories		83,688		80,588
Other current assets		24,289		36,353
Current assets of discontinued operations		—		5,902
Total current assets		347,304		311,716
Property, plant & equipment - net		105,415		108,306
Other assets		370,171		359,778
Long-term assets of discontinued operations		—		8,726
	$	822,890	$	788,526
Notes payable and debt due within one year	$	70,188	$	72,079
Accounts payable and accrued liabilities		171,137		173,109
Current liabilities of discontinued operations		—		4,886
Total current liabilities		241,325		250,074
Long-term debt		47,130		101,420
Other liabilities		103,907		106,120
Total shareholders’ equity		430,528		330,912
	$	822,890	$	788,526
Other information:
Employees		3,645		3,653
Common shares outstanding (000’s)		33,411		32,911

FOURTH QUARTER PERIOD
Period Ending October 31, 2006
(Unaudited)

NORDSON CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands)

	Fourth Quarter				% Growth over 2005									Year-to-Date				% Growth over 2005
SALES BY BUSINESS SEGMENT	2006		2005		Volume			Currency			Total			2006		2005		Volume			Currency			Total
Adhesive dispensing systems	$	137,042	$	140,741		-4.0	%		1.4	%		-2.6	%	$	507,959	$	494,682		4.5	%		-1.8	%		2.7	%
Finishing & coating systems		42,457		37,999		11.1	%		0.6	%		11.7	%		145,004		137,690		6.4	%		-1.1	%		5.3	%
Advanced technology systems		62,013		60,127		2.6	%		0.5	%		3.1	%		239,258		199,807		20.1	%		-0.4	%		19.7	%
Total sales by business segment	$	241,512	$	238,867		0.1	%		1.0	%		1.1	%	$	892,221	$	832,179		8.5	%		-1.3	%		7.2	%

	Fourth Quarter						Year-to-Date
OPERATING PROFIT BY BUSINESS SEGMENT		2006			2005			2006			2005
Adhesive dispensing systems	$	30,829		$	34,661		$	110,604		$	106,584
Finishing & coating systems		6,286			835			8,765			1,407
Advanced technology systems		13,639			14,252			56,976			41,523
Corporate		(9,328	)		(5,893	)		(28,730	)		(18,816	)
Total operating profit by business segment	$	41,426		$	43,855		$	147,615		$	130,698

	Fourth Quarter				% Growth over 2005									Year-to-Date				% Growth over 2005
SALES BY GEOGRAPHIC REGION	2006		2005		Volume			Currency			Total			2006		2005		Volume			Currency			Total
United States	$	78,152	$	81,434		-4.0	%		—			-4.0	%	$	291,242	$	279,074		4.4	%		—			4.4	%
Americas		15,668		17,051		-9.3	%		1.2	%		-8.1	%		64,928		59,400		6.8	%		2.5	%		9.3	%
Europe		84,029		79,340		1.8	%		4.1	%		5.9	%		314,287		298,692		7.6	%		-2.4	%		5.2	%
Japan		26,830		27,649		1.4	%		-4.4	%		-3.0	%		86,982		89,757		3.8	%		-6.9	%		-3.1	%
Asia Pacific		36,833		33,393		9.5	%		0.8	%		10.3	%		134,782		105,256		27.4	%		0.7	%		28.1	%
Total Sales by Geographic Region	$	241,512	$	238,867		0.1	%		1.0	%		1.1	%	$	892,221	$	832,179		8.5	%		-1.3	%		7.2	%

	Fourth Quarter				Year-to-Date
SELECTED SUPPLEMENTAL INFORMATION		2006		2005		2006		2005
Depreciation and amortization	$	6,438	$	6,015	$	23,310	$	23,459
Capital expenditures	$	3,010	$	4,544	$	13,610	$	15,379
Dividends paid	$	5,689	$	5,969	$	22,372	$	23,378