Welcome to our dedicated page for Nordson news (Ticker: NDSN), a resource for investors and traders seeking the latest updates and insights on Nordson stock.
Nordson Corporation (NDSN) is a leading innovator in the engineering, manufacturing, and marketing of products and systems for precision dispensing and processing. Established in 1954 and headquartered in Westlake, Ohio, the company operates with a commitment to integrity, respect for people, customer passion, energy, and excellence.
Nordson specializes in equipment such as pumps, valves, dispensers, applicators, filters, and pelletizers used for dispensing adhesives, coatings, sealants, and other materials. The firm caters to a broad range of industries, including packaging, medical, electronics, and industrial sectors.
Organized into three primary segments: Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions, Nordson is dedicated to pioneering efficiency and innovation.
In fiscal 2023, Nordson reported revenues of approximately $2.6 billion, underscoring its significant market presence. The company continually invests in advanced technologies and has an extensive global footprint with direct operations in over 30 countries, enabling it to provide robust customer support and service worldwide.
Recent achievements include advancements in precision fluid dispensing technology and strategic collaborations to enhance their product offerings. Nordson's ongoing projects reflect its commitment to sustainability and technological advancement, ensuring that it remains at the forefront of industry innovation.
Nordson EFD, a subsidiary of NDSN, has unveiled the 7197PCP-DIN-NX controller, designed to enhance the operation of 797PCP progressive cavity pumps. This Ethernet-enabled controller integrates with Smart Factory systems utilizing TCP/IP protocol, offering manufacturers improved efficiency and productivity. It allows centralized control and on-the-fly adjustments of dispensing parameters, greatly improving process oversight. The system guarantees fluid dispensing accuracy of ± 1%, ensuring reliability in manufacturing processes.
Nordson Corporation (NASDAQ: NDSN) will release its fourth quarter and fiscal year 2021 earnings on December 15, 2021, after market close. A quarterly webcast is scheduled for December 16, 2021, at 8:30 AM ET. The company is recognized for its innovative precision technology services across various sectors, including consumer non-durable, medical, electronics, and industrial markets. With operations in over 35 countries, Nordson maintains a direct sales model that emphasizes application expertise to meet global customer needs.
Nordson Corporation (Nasdaq: NDSN) released its November 2021 Environmental, Social, and Governance (ESG) Report, highlighting the importance of ESG in its culture and operations. The report outlines five key priorities: managing environmental impacts, delivering responsible products, fostering an inclusive culture, supporting communities, and operating with integrity. The company's Ascend strategy aims for top-tier growth through a division-led owner mindset. Notable efforts include reducing environmental footprints, enhancing customer sustainability, and a commitment of over $11 million in charitable contributions in 2020.
Nordson Corporation (NASDAQ: NDSN) showcased its advanced solutions for electronics manufacturing at the NEPCON Asia tradeshow in Shenzhen, China, from October 20-22, 2021. Key technologies presented included systems for conformal coating, fluid dispensing, plasma treatment, selective soldering, and X-ray inspection. The showcased products come from Nordson's ASYMTEK, DAGE, MARCH, and SELECT product lines, targeting printed circuit board assembly and semiconductor packaging, highlighting the company's commitment to innovation in precision technology.
Nordson Corporation (NASDAQ: NDSN) has finalized the acquisition of NDC Technologies, a premier supplier of precision measurement solutions for manufacturing process control, from Spectris plc (LSE: SXS). The acquisition, announced on August 24, 2021, enhances Nordson’s test and inspection capabilities, enabling entry into new end markets and adjacent technologies. This strategic move aims to bolster Nordson's growth by leveraging its wide range of applications across various sectors including medical, electronics, and industrial.
Nordson Corporation (NASDAQ: NDSN) has appointed Jennifer L. McDonough as Executive Vice President, General Counsel, and Secretary, effective November 1, 2021. McDonough, previously with PPL Corporation (NYSE: PPL), brings over 20 years of legal experience, focusing on corporate governance, compliance, and mergers. CEO Sundaram Nagarajan expressed confidence in her ability to support Nordson’s strategic development. With a commitment to the NBS Next growth framework and acquisitions, McDonough aims to enhance the company's legal strategy.
Nordson Corporation (Nasdaq: NDSN) reported record third-quarter sales of $647 million, marking a 20% increase year-over-year. Operating profit surged 57% to $188 million, with diluted earnings per share rising 70% to $2.42. The company has increased its full-year revenue guidance to 11%-12% growth, with earnings projected at $7.75 to $7.95 per share. Demand in medical, electronics, and industrial markets drove strong performance, despite challenges from supply chain issues. Nordson's backlog stands at approximately $700 million, indicating robust future growth.
Nordson EFD, a subsidiary of NDSN, has launched the PICO XP piezoelectric jetting system, which offers precision in fluid dispensing. This system features micron-level stroke adjustments and self-regulating calibration, ensuring consistency in dispensing despite external factors like temperature changes. Designed for manufacturing environments, particularly in electronic display applications, the PICO XP can apply micro-deposits as small as 0.5 nL at speeds up to 1000Hz. The system aims to resolve common issues with fluid deposit repeatability and maintenance.
Nordson Corporation (Nasdaq: NDSN) has announced its acquisition of NDC Technologies from Spectris plc for $180 million. This all-cash transaction will incorporate NDC’s 300 employees and enhance Nordson's test and inspection platform, expanding into new markets such as consumer non-durable goods and energy storage. NDC Technologies generates around $90 million in annual revenue and $15 million in EBITDA, providing precision measurement solutions that improve manufacturing processes. This move is part of Nordson’s strategy for sustainable growth and increased margins.
Nordson Corporation (Nasdaq: NDSN) has announced a 31% increase in its quarterly cash dividend to $0.51 per common share, up from $0.39. This dividend is payable on September 7, 2021, to shareholders of record as of the close of business on August 24, 2021. This marks the 58th consecutive year of annual dividend increases for Nordson, ranking it 14th among companies with the longest records of consecutive increases. The increase reflects the company's ongoing execution of its Ascend Strategy.
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