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, biomaterials, medical components, and other fluids. They also provide testing, inspection, and surface treatment solutions. The company serves a wide variety of consumer non-durable, consumer durable and technology end markets, including packaging, electronics, medical, appliances, energy, transportation, precision agriculture, building and construction, and general product assembly and finishing. Nordson's strategy is based on solving customer needs globally. Approximately 66 percent of the company's revenues were generated outside the United States in 2023.

• Employees: 7,900 (as of October 31, 2023)
• Geographic Footprint: More than 35 countries
• Headquarters: Westlake, Ohio
• Founded: 1954
• Number of locations/facilities: Principal manufacturing facilities are located in the United States, the People's Republic of China, Germany, Ireland, Israel, Italy, Mexico, the Netherlands and the United Kingdom.
• Revenue: $2.63 billion (FY2023)
• Key Subsidiaries/Brands: ARAG Group, CyberOptics Corporation

• CEO: Sundaram Nagarajan
• CFO: Stephen Shamrock (Interim)
• Other Key Executives: James E. DeVries (Executive Vice President), Stephen P. Lovass (Executive Vice President), Jennifer McDonough (Executive Vice President, General Counsel and Secretary), Joseph P. Kelley (Executive Vice President), Sarah Siddiqui (Executive Vice President), Srinivas Subramanian (Executive Vice President)

Sundaram Nagarajan has been CEO since 2019. Stephen Shamrock was appointed as Interim CFO in 2023. Other executives have varying tenures in their current roles.

• Annual Revenue: $2.63 billion (FY2023)
• Net Income: $487.49 million
• Total Assets: $5.25 billion
• Key Financial Highlights: Revenue increased by 1.5% year-over-year. Net income decreased by 5.0% year-over-year. Operating profit as a percentage of sales decreased to 25.6% in 2023 from 27.1% in 2022.

Nordson's products and services are categorized into the following:

• Industrial Precision Solutions: Proprietary dispensing and material processing technology, as well as measurement, inspection and control solutions.
• Medical and Fluid Solutions: Fluid management solutions for medical, high-tech industrial and other diverse end markets.
• Advanced Technology Solutions: Proprietary product technologies for surface treatment, material dispensing, and test and inspection.

Nordson operates through three main business segments:

• Industrial Precision Solutions: $1.39 billion in sales (FY2023)
• Medical and Fluid Solutions: $660.3 million in sales (FY2023)
• Advanced Technology Solutions: $577.3 million in sales (FY2023)

Nordson's strategy focuses on long-term growth and returns, driven by the Ascend strategy, which is built on the NBS Next growth framework, Owner Mindset, and Winning Teams. Key strategic initiatives include introducing new products and technology, providing high levels of customer service and support, capturing rapidly expanding opportunities in emerging geographies, and leveraging existing technology into new applications. The company also grows through acquisitions of companies with differentiated precision technology-based product portfolios.

Nordson operates in a competitive global marketplace, facing competition from many large, well-established manufacturers and service providers. The company's competitive position is influenced by factors such as pricing, product quality, and service. Nordson maintains a leadership position by delivering high-quality, innovative products and technologies, as well as global service and technical support.

• Economic Risks: Changes in U.S. or international economic conditions, including declines in the industries served, could adversely affect profitability.
• Trade Policy Risks: Uncertainty in U.S. trade policy, including changes in tariffs, trade agreements, or other trade restrictions, could impact results.
• Currency Risks: Significant movements in foreign currency exchange rates may harm financial results.
• Operational Risks: Political conditions in and between the U.S. and foreign countries, as well as failure to retain senior management or qualified personnel, could adversely affect operations.
• Cybersecurity Risks: Increased information technology threats and cybercrime could pose a risk to systems, networks, products, solutions and services.