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.
Q3 2024 revenue increased by 2.0% YoY to $661.6 million, with a 3.8% boost from acquisitions offset by a 0.9% organic sales decline and a 0.9% unfavorable currency impact. The organic decline was attributed to lower demand in electronics and medical product lines.
Operating profit margin decreased from 26.4% to 25.3% YoY. This decline was primarily driven by reduced sales leverage on selling and administrative expenses, partially offset by improved gross margin percentage performance.
Net income decreased by 8.3% YoY to $117.3 million, with diluted earnings per share decreasing by 8.1% to $2.04. The decrease in income reflects increased interest expense from prior year acquisitions and slightly lower overall operating margins.