Core Insights - Nordson reported a strong first-quarter performance for fiscal 2026, with record sales of $669 million, reflecting a 9% increase year-over-year and 7% organic growth [4][7] - The company achieved an adjusted operating profit of $166 million, marking a 10% year-over-year increase, while EBITDA rose 8% to a record $203 million, maintaining a 30% margin [1][5] - Management expressed optimism about end market demand trends, particularly in Asia, and raised full-year guidance for sales and adjusted earnings per share [3][16] Financial Performance - First-quarter sales reached $669 million, up from $615 million a year earlier, with a notable 7% organic growth [4][7] - Adjusted earnings per share were $2.37, a 15% increase from $2.06 in the prior-year quarter [8] - Free cash flow was reported at $123 million, with cash conversion exceeding 100% of net income [3][13] Segment Performance - Advanced Technology Solutions (ATS) led growth with sales of $149 million, up 23% year-over-year, driven by semiconductor-related products [6][12] - Industrial Precision Solutions (IPS) reported sales of $327 million, a 9% increase year-over-year, with organic sales up 3% [9] - Medical and Fluid Solutions (MFS) had relatively flat sales at $193 million, with a 3% organic growth, impacted by divestitures and weather-related disruptions [16] Capital Deployment - The company returned capital through $82 million in share repurchases and $46 million in dividends, while maintaining a net debt of approximately $1.9 billion [5][14] - Nordson invested $18 million in capital projects during the quarter and modified its $1.2 billion credit facility [14] Future Outlook - For the second quarter of fiscal 2026, Nordson expects sales between $710 million and $740 million, with adjusted earnings per diluted share of $2.70 to $2.90 [15] - Full-year sales guidance has been raised to a range of $2.86 billion to $2.98 billion, reflecting continued momentum in electronics end markets [16]