1
Exhibit 11
NORDSON CORPORATION
CALCULATION OF EARNINGS PER SHARE
Years Ended October 30, 1994, October 31, 1993 and November 1, 1992
(Dollar and shares in thousands except for per share amounts)
1994 1993 1992
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Primary:
Weighted average number of common
shares outstanding during the year 18,623 18,751 18,828
Effect of company stock plans based
on the treasury stock method using
average market price 444 433 643
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Total weighted average common and
common equivalent shares 19,067 19,184 19,471
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Income before cumulative effect of
accounting changes $46,654 $40,775 $39,537
Cumulative effect of accounting changes - (4,784) -
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Net income $46,654 $35,991 $39,537
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Earnings per share:
Income before cumulative effect of
accounting changes $ 2.45 $ 2.13 $ 2.03
Cumulative effect of accounting changes - (.25) -
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Net income $ 2.45 $ 1.88 $ 2.03
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Fully Diluted:
Weighted average number of common
shares outstanding during the year 18,623 18,751 18,828
Effect of company stock plans based
on the treasury stock method using
the higher of year-end or average
market price 474 453 666
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Total weighted average common and
common equivalent shares 19,097 19,204 19,494
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Income before cumulative effect of
accounting changes $46,654 $40,775 $39,537
Cumulative effect of accounting changes - (4,784) -
------- ------- -------
Net income $46,654 $35,991 $39,537
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Earnings per share:
Income before cumulative effect of
accounting changes $ 2.44 $ 2.12 $ 2.03
Cumulative effect of accounting changes - (.25) -
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Net income $ 2.44 $ 1.87 $ 2.03
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