Nordson(US:NDSN)2025-02-20 18:27Financial Performance - Net sales for the three months ended January 31, 2025, were $615,420, a decrease of 2.8% compared to $633,193 for the same period in 2024[107] - Gross margin for the three months ended January 31, 2025, was $335,896, representing a gross margin percentage of 54.6%, down from 55.0% in the prior year[107] - Operating profit decreased by 11.6% to $140,947 for the three months ended January 31, 2025, compared to $159,435 in the same period of 2024[107] - Net income for the three months ended January 31, 2025, was $94,652, or $1.65 per diluted share, down 13.6% from $109,572, or $1.90 per diluted share, in the prior year[114] Segment Performance - The IPS segment experienced an organic sales decrease of 8.4%, primarily due to weaker demand in polymer processing and industrial coatings[108] - The MFS segment saw an organic sales decrease of 11.2%, attributed to lower demand in medical interventional solutions[108] - The ATS segment reported a 9.6% organic sales decrease, driven by lower systems deliveries in electronics processing[108] Cash and Financing - Cash and cash equivalents increased by $14,472 during the three months ended January 31, 2025, with 78% held at foreign subsidiaries[116] - The company has a $1,150,000 unsecured multi-currency credit facility, with $280,000 outstanding on the term loan and $220,000 on the revolving credit facility as of January 31, 2025[117] Tax and Economic Conditions - The effective tax rate for the three months ended January 31, 2025, was 19.0%, compared to 21.0% for the same period in 2024[113] - The company acknowledges risks related to U.S. and international economic and political conditions, which may impact future performance[119] Forward-Looking Statements - Forward-looking statements reflect management's current expectations but involve risks and uncertainties that could lead to significant variances from anticipated results[121] - The company has not materially changed its disclosures regarding financial instruments sensitive to interest rates and foreign currency exchange rates since the last report[123]