1
Exhibit 11
NORDSON CORPORATION
CALCULATION OF EARNINGS PER SHARE
Years Ended October 31, 1993, November 1, 1992 and November 3, 1991
(Dollar and shares in thousands except for per share amounts)
1993 1992 1991
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Primary:
Weighted average number of common
shares outstanding during the year 18,751 18,828 18,730
Effect of company stock plans based
on the treasury stock method using
average market price 433 643 363
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Total weighted average common and
common equivalent shares 19,184 19,471 19,093
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Income before cumulative effect of
accounting changes $40,775 $39,537 $33,787
Cumulative effect of accounting changes (4,784) - -
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Net income $35,991 $39,537 $33,787
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Earnings per share:
Income before cumulative effect of
accounting changes $ 2.13 $ 2.03 $ 1.77
Cumulative effect of accounting changes (.25) - -
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Net income $ 1.88 $ 2.03 $ 1.77
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Fully Diluted:
Weighted average number of common
shares outstanding during the year 18,751 18,828 18,730
Effect of company stock plans based
on the treasury stock method using
the higher of year-end or average
market price 453 666 449
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Total weighted average common and
common equivalent shares 19,204 19,494 19,179
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Income before cumulative effect of
accounting changes $40,775 $39,537 $33,787
Cumulative effect of accounting changes (4,784) - -
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Net income $35,991 $39,537 $33,787
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Earnings per share:
Income before cumulative effect of
accounting changes $ 2.12 $ 2.03 $ 1.76
Cumulative effect of accounting changes (.25) - -
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Net income $ 1.87 $ 2.03 $ 1.76
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