Sector: Industrials|Industry: Specialty Industrial Machinery|Market Cap: $11.92B|Employees: 7.9K
Nordson Corporation is a precision technology company that engineers, manufactures, and markets differentiated products and systems for dispensing, applying, and controlling adhesives, coatings, polymers, sealants, and other fluids. The company serves a wide variety of consumer non-durable, consumer durable, and technology end markets, with a global presence across more than 35 countries and approximately 66% of revenues generated outside the United States. Nordson leverages a scalable growth framework to deliver top tier growth with leading margins and returns.
Worldwide sales increased by 0.1% to $650.642 million, driven by a 4.5% increase from acquisitions but offset by a 3.7% organic sales decrease. Electronics product lines saw ongoing pressure, though industrial coatings and fluid solutions experienced growth.
Gross profit margin increased to 56.2% from 54.2% in the comparable period, driven by improved manufacturing efficiencies and favorable product mix across all segments.
Net income decreased by 7.3% to $118.217 million, primarily due to a significant increase in interest expense from $9.913 million to $20.109 million, driven by higher average debt levels related to acquisitions.