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Nordson(NDSN) - 2023 Q2 - Quarterly Report
2023-05-25 16:46
Financial Performance - Worldwide sales for the three months ended April 30, 2023 were $650,165, an increase of 2.3% from $635,403 in the comparable period of 2022, driven by a 1.3% increase in organic sales and a 2.8% increase from acquisitions[98]. - Net income for the three months ended April 30, 2023 was $127,563, or $2.21 per diluted share, representing a 16.4% increase in net income and a 17.6% increase in diluted earnings per share compared to the same period in 2022[105]. - Sales in the Americas region for the six months ended April 30, 2023 were $543,610, an increase of 5.8% from the comparable period of 2022, consisting of a 3.7% organic sales increase and a 2.2% increase from acquisitions[113]. - Sales of the Industrial Precision Solutions segment for the six months ended April 30, 2023 were $647,353, an increase of 1.1% from $640,367 in the comparable period of 2022, driven by a 4.8% organic sales increase[119]. - Sales of the Advanced Technology Solutions segment were $292,476 for the six months ended April 30, 2023, an increase of 7.1% from $273,206 in the comparable period of 2022, driven by a 12.9% increase from an acquisition[124]. Profitability Metrics - Operating profit as a percentage of sales decreased to 25.1% for the six months ended April 30, 2023, compared to 27.3% in the comparable period of 2022, primarily due to unfavorable sales mix and higher interest expense[116]. - Operating profit as a percentage of sales for the Advanced Technology Solutions segment decreased to 17.6% for the three months ended April 30, 2023, compared to 27.4% in the comparable period of 2022, driven by an organic sales decrease[111]. - Operating profit as a percentage of sales decreased to 27.2% for the six months ended April 30, 2023, compared to 32.4% in the comparable period of 2022, reflecting a 5.2 percentage point decline due to sales mix changes and factory inefficiencies[123]. - Operating profit as a percentage of sales decreased to 14.7% for the six months ended April 30, 2023, down from 24.7% in the comparable period, primarily due to acquisition-related charges of $10,295 and factory inefficiencies[125]. Expenses and Costs - Cost of sales for the six months ended April 30, 2023 were $579,650, up from $546,800 in the comparable period of 2022, with gross profit margin decreasing to 54.0% from 56.1%[114]. - Selling and administrative expenses for the six months ended April 30, 2023 were $364,266, an increase of 1.8% from $357,936 in the comparable period of 2022, driven by the first-year effect of acquisitions[115]. Cash Flow and Investments - Cash provided by operations during the six months ended April 30, 2023, was $287,905, compared to $214,501 for the same period in 2022[129]. - Cash used in investing activities was $393,153 for the six months ended April 30, 2023, compared to $196,374 in the comparable period, with $377,843 used for the CyberOptics acquisition[130]. - Cash provided by financing activities was $64,822 for the six months ended April 30, 2023, compared to cash used of $192,935 in the comparable period, including net borrowings of long-term debt of $184,617[131]. Regional Sales Performance - In the Asia Pacific region, sales for the six months ended April 30, 2023 were $386,189, a decrease of 4.1% from the comparable period of 2022, consisting of a 3.6% organic sales decrease[113]. Tax and Inventory - The effective tax rate for the six months ended April 30, 2023, was 20.8%, compared to 21.0% for the same period in 2022[126]. - Inventories increased by $56,781 from October 31, 2022, primarily due to the CyberOptics acquisition[132]. Currency Impact - Average exchange rates for 2023 were generally unfavorable, with estimated sales for the six months ended April 30, 2023, being approximately $39,000 higher if translated at 2022 rates[128]. Acquisition - The CyberOptics acquisition, completed on November 3, 2022, was an all-cash transaction of approximately $378,000, expanding the company's test and inspection platform in the semiconductor and electronics industries[96]. Capital Resources - The company believes its capital resources and cash from operations are adequate to meet cash requirements for the next twelve months[133].
Nordson(NDSN) - 2023 Q1 - Quarterly Report
2023-02-23 18:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 (State or other jurisdiction of incorporation or organization) 28601 Clemens Road Westlake, Ohio (Address of principal executive offices) 34-0590250 (I.R.S. Employer Identification No.) 44145 (Zip Code) (440) 892-1580 (Registrant's Telephone Number, Including Area Code) Securities ...
Nordson(NDSN) - 2022 Q4 - Earnings Call Transcript
2022-12-15 16:52
Nordson Corporation (NASDAQ:NDSN) Q4 2022 Earnings Conference Call December 15, 2022 8:30 AM ET Company Participants Sundaram Nagarajan - President, Chief Executive Officer Joe Kelley - Executive Vice President, Chief Financial Officer Lara Mahoney - Vice President, Investor Relations Conference Call Participants Matt Summerville - DA Davidson Mike Halloran - Baird Allison Poliniak - Wells Fargo Jeff Hammond - Keybanc Capital Markets Connor Lynagh - Morgan Stanley Christopher Glynn - Oppenheimer Operator ...
Nordson(NDSN) - 2022 Q4 - Earnings Call Presentation
2022-12-15 13:30
4Q & Full-Year Fiscal 2022 Webcast ISCE ISCE LO December 15, 2022 NBS NEXT OWNER MINDSET WINNING TEAMS Safe Harbor Statement Click to edit title 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," "for ...
Nordson(NDSN) - 2022 Q3 - Quarterly Report
2022-08-26 17:48
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-7977 NORDSON CORPORATION (Exact name of registrant as specified in its charter) ___________________________________________________ ...
Nordson(NDSN) - 2022 Q3 - Earnings Call Transcript
2022-08-23 16:06
Nordson Corporation (NASDAQ:NDSN) Q3 2022 Earnings Conference Call August 23, 2022 8:30 AM ET Company Participants Sundaram Nagarajan - President, Chief Executive Officer Joseph Kelley - Executive Vice President, Chief Financial Officer Lara Mahoney - Vice President, Investor Relations and Corporate Communications Conference Call Participants Allison Poliniak - Wells Fargo Connor Lynagh - Morgan Stanley Christopher Glynn - Oppenheimer Jeff Hammond - Keybanc Capital Markets Saree Boroditsky - Jefferies Pez ...
Nordson(NDSN) - 2022 Q3 - Earnings Call Presentation
2022-08-23 12:31
Third Quarter Fiscal 2022 Webcast STRATEGY August 23, 2022 NBS NEXT OWNER MINDSET WINNING TEAMS Safe Harbor Statement Click to edit title 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, ...
Nordson(NDSN) - 2022 Q2 - Earnings Call Transcript
2022-07-28 01:32
CyberOptics Corporation (CYBE) Q2 2022 Earnings Conference Call July 27, 2022 4:30 PM ET Company Participants Dr. Subodh Kulkarni - President and CEO Jeff Bertelsen - Chief Operating Officer and CFO Conference Call Participants Greg Palm - Craig-Hallum Orin Hirschman - AIGH Investment Partners Eric Slade - Acme Operator Please standby. Good day. And welcome to the CyberOptics Second Quarter 2022 Earnings Conference Call. Today???s conference is being recorded. At this time, I???d like to turn the conference ...
Nordson(NDSN) - 2022 Q2 - Quarterly Report
2022-05-27 17:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-7977 NORDSON CORPORATION (Exact name of registrant as specified in its charter) __________________________________________________ ...
Nordson(NDSN) - 2022 Q2 - Earnings Call Presentation
2022-05-24 12:34
2Q Fiscal 2022 Webcast SCEING May 24, 2022 NBS NEXT OWNER MINDSET WINNING TEAMS Z Safe Harbor Statement Click to edit title 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," "outlook," " ...