Nordson Corp - NDSN STOCK NEWS

Nordson EFD, a leading precision fluid dispensing systems manufacturer, has launched a new 70cc syringe barrel. This product, designed for electronic applications, can hold more assembly fluids compared to smaller sizes, promoting efficiency by reducing downtime and costs for manufacturers. The new barrel features ZeroDraft™ walls for consistent dispensing results and is available in various resins for specific applications. Manufactured in the U.S. and certified for industrial use, the 70cc reservoir addresses market needs for larger fluid capacities.

Nordson Electronics Solutions is set to showcase innovative technologies at Productronica China and SEMICON China from March 17-20, 2021. The exhibits will focus on dispensing, conformal coating, selective soldering, and plasma surface treatment products, highlighting their advancements in manufacturing processes. Featured products include the ASYMTEK Panorama™ R-Line, Forte™ MAX System, and MARCH AP-1000. These developments aim to enhance efficiency and precision in electronics manufacturing, reinforcing Nordson's position as a leader in the industry.

Nordson Corporation (Nasdaq: NDSN) will host its Virtual Investor Day on March 30, 2021, from 9:00 a.m. to 12:30 p.m. EDT. Attendees can register here or through the company's website. The event will cover the business overview, strategic priorities, and financial goals, featuring key speakers including the CEO, CFO, and other executives. A presentation and replay will be available on the investors page.

Nordson Corporation (Nasdaq: NDSN) reported Q1 fiscal results, achieving $527 million in sales, marking a 6% year-over-year increase. The growth stems from strong performance in consumer non-durable and industrial markets. Operating profit rose 39% to $109 million, with net income reaching $78 million, a 49% increase compared to last year. The company expects full-year sales growth of 4% to 6% and EPS guidance between $6.30 and $6.70, reflecting a promising outlook despite divestiture impacts.

Nordson Corporation (Nasdaq:NDSN) announced a cash dividend of $0.39 per common share for Q2 FY2021, payable on March 9, 2021. This payout matches the Q1 FY2021 dividend, reflecting the company's commitment to returning value to shareholders. The record date for this dividend is February 23, 2021. Nordson, headquartered in Westlake, Ohio, specializes in products and systems for dispensing adhesives, coatings, and polymers across various markets.

Nordson Corporation (Nasdaq: NDSN) is set to release its first quarter fiscal year 2021 earnings on February 22, 2021, post market close. A quarterly webcast will follow on February 23, 2021, at 8:30 AM ET. Interested investors can access the live stream or replays via Nordson's official website, which will remain archived until March 2, 2021. Founded in 1954, Nordson specializes in engineered products for a variety of industries, including packaging, electronics, and medical sectors.

Nordson Corporation (Nasdaq: NDSN) has completed the divestiture of its screws and barrels product line from the polymer processing systems division to Altair Investments. This deal, signed on December 3, 2020, is expected to enhance Nordson's ongoing earnings. The screws and barrels product line generates over $70 million in annual revenue and employs 500 individuals. This strategic move aims to streamline operations and focus resources on core business areas, supporting Nordson's growth objectives.

Nordson Corporation (Nasdaq: NDSN) reported a 5% decrease in Q4 sales, totaling $559 million, down from $585 million YOY. While strength in electronics and medical products persisted, weakness in industrial and automotive markets impacted results. Operating profit stood at $37 million, with GAAP EPS at $0.31. The company announced a divestiture of its screws and barrels unit, incurring an $87 million impairment charge. For FY 2020, total sales were $2.1 billion, a 3% decline. Looking ahead, Q1 2021 sales are projected to grow by 2-3%.

Nordson Corporation (Nasdaq:NDSN) announced a cash dividend of $0.39 per common share for the fiscal year 2021 first quarter, payable on January 5, 2021, to shareholders of record as of December 18, 2020. This dividend matches the amount paid in the fourth quarter of fiscal year 2020. Nordson, headquartered in Westlake, Ohio, specializes in manufacturing products and systems for dispensing and controlling adhesives, coatings, and other fluids across various markets including electronics, medical, and packaging.