Nordson Corp - NDSN STOCK NEWS

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.

Nordson Corporation (Nasdaq: NDSN) will release its third-quarter fiscal year 2021 earnings on August 30, 2021, after market close. The company plans to host a quarterly webcast on August 31, 2021, at 8:30 AM ET, providing insights into its financial performance and business strategies.

Investors unable to attend can access a replay of the webcast on Nordson's website until September 7, 2021. With operations in over 35 countries, Nordson specializes in precision technologies for various critical customer applications.

Nordson Electronics Solutions has launched the MARCH MegaVIA™ Plasma Treatment System, designed for printed circuit board manufacturing. This new system features a 15-cell configuration, enhancing panel loading capacity by over 54% with only a 2% increase in footprint compared to the MARCH MaxVIA™-Plus. It ensures high process reproducibility and plasma treatment uniformity, achieving over 80% uniformity for desmear and etch back applications. The MegaVIA™ operates at 40 kHz and supports various gases, equipped with an EPC controller for efficient data management.

Nordson Corporation (Nasdaq: NDSN) announced record sales of $590 million for Q2 fiscal 2021, an 11% increase year-over-year. Key growth drivers included strong demand in electronics and consumer non-durable markets. Operating profit rose to $166 million, representing 28% of sales, with a 33% increase from the previous year. Net income improved 35% to $124 million, and diluted EPS reached $2.12. The company raised its full-year sales growth forecast to 8%-10% and EPS guidance to $7.20-$7.50.

Nordson Corporation (Nasdaq:NDSN) has declared a cash dividend of $0.39 per common share for the third quarter of fiscal year 2021. This dividend is set to be paid on June 8, 2021, to shareholders recorded by the close of business on May 25, 2021. Notably, this amount matches the dividend paid in the second quarter of the fiscal year. Nordson specializes in precision technologies for various end markets, including consumer, medical, and electronics sectors, and has a global operational presence.

Nordson Corporation (Nasdaq: NDSN) is set to release its second quarter fiscal year 2021 earnings on May 24, 2021, after market close. A quarterly webcast will follow on May 25, 2021, at 8:30 AM ET. The company specializes in engineered products for dispensing, applying, and controlling various materials used across multiple sectors, including packaging, electronics, and healthcare. Founded in 1954 and headquartered in Westlake, Ohio, Nordson operates in nearly 40 countries worldwide, underscoring its extensive global reach.