Nordson Corp - NDSN STOCK NEWS

Nordson Test & Inspection has received the 2024 Global Technology Award for its new SpinSAM Acoustic Microimaging (AMI) system in the Test Equipment category at SMTA International. The innovative system features high-throughput capabilities, scanning up to four 300mm wafers simultaneously at 41 wafers per hour. With four matched waterfall transducers, it completes full wafer scans in under six minutes.

The SpinSAM AMI system delivers superior sensitivity and precise defect detection for various semiconductor applications, including bonded wafers, Chip-on-Wafer, stacked wafers, MEMS, and over-molded wafers. The system's compact design and 100% inspection capability, along with targeted edge scanning, optimize data acquisition in defect-prone areas.

Nordson Electronics Solutions has been awarded the Global Technology award for their ASYMTEK Select Coat SL-1040 Conformal Coating system. The innovative system, designed for high-volume electronics manufacturing, combines new process control with advanced maintenance features. The SL-1040 utilizes the ASYMTEK SC-450 PreciseCoat Jet and enhanced EasyCoat software, featuring a novel ultrasonic cleaner for improved nozzle maintenance.

The system's conformal coating technology selectively protects electronic devices from harsh environments, avoiding critical components like connector pins and test points. With dual and triple applicators for maximized throughput, the system offers efficient changeover, traceability, and consistent setup capabilities. The award was presented at the 2024 SMTA International show in Rosemont, Chicago.

Nordson EFD, a Nordson company (NASDAQ: NDSN), has won a 2024 Edge Award in the Automation & IIOT category for its PICO Nexμs jetting system. This innovative product, designed for Smart Factory readiness, connects fluid dispensing to Industry 4.0 efficiencies. The PICO Nexμs allows operators to control, manage, and monitor jetting functions via Industrial Ethernet protocols from their chosen human machine interface (HMI) at the point of dispense.

The PICO Nexμs introduces smart manufacturing advances to traditional fluid dispensing systems, providing real-time insights for data-driven process control and production. Its web-based interface enables remote programming and on-demand inspection of fluid dispensing functions from various devices, boosting productivity. The compact controller uses standard 24V and DIN-rail mounted plug-and-play technology, optimizing production space utilization.

Nordson (Nasdaq: NDSN) has announced its upcoming Investor Day, scheduled for October 3, 2024, in New York City. The event will begin at 1:00 p.m. ET and will be accessible via webcast on the company's investor relations website. During the presentation, Nordson's senior management team will provide an overview of the business, discuss progress on the Ascend Strategy, and outline future growth plans.

Key speakers at the event will include Sundaram Nagarajan (President and CEO), Daniel Hopgood (CFO), and executives from various segments of the company. The presentation will highlight Nordson's competitive advantages, product portfolio, and capital deployment focus.

Nordson , headquartered in Westlake, Ohio, is a precision technology company serving diverse end markets including consumer non-durable, medical, electronics, and industrial sectors. Founded in 1954, the company operates in over 35 countries worldwide.

Nordson (Nasdaq: NDSN) has announced the pricing of its $600 million offering of 4.500% notes due 2029. The offering is expected to close on September 9, 2024, subject to customary conditions. The company plans to use the net proceeds to:

• Repay borrowings under its $500 million 364-Day Term Loan
• Pay transaction-related fees and expenses
• Fund general corporate purposes

The Term Loan was used to finance Nordson's acquisition of Atrion on August 21, 2024. Morgan Stanley & Co. , BNP Paribas Securities Corp., and Wells Fargo Securities, are acting as joint book-running managers for the offering, which is being made under an effective shelf registration statement filed with the SEC.

Nordson Electronics Solutions will showcase advanced fluid dispensing technologies for semiconductor packaging at SEMICON Taiwan 2024, booth L0516. The company will feature the ASYMTEK Forte® fluid dispensing system, designed for high-productivity and accuracy in various semiconductor packaging applications. Nordson will also present developments for high-throughput panel-level packaging (PLP) and wafer-level packaging (WLP), addressing challenges like warpage during fluid dispensing.

The exhibition will highlight different configurations of the ASYMTEK Vantage® fluid dispensing system for WLP and PLP, demonstrating precise dispense results with high throughput. Experts will be available to discuss how Nordson can support the manufacturing of reliable semiconductor products. SEMICON Taiwan is scheduled for September 4-6, 2024, at TaiNEX, Taipei Taiwan.

Nordson (NDSN) reported Q3 fiscal 2024 results with sales of $662 million, up 2% year-over-year. Earnings per diluted share were $2.04, while adjusted EPS reached $2.41, exceeding guidance by $0.08. The company increased its full fiscal year 2024 revenue guidance to reflect the Atrion acquisition but maintained its adjusted EPS guidance. Q3 sales included a 4% favorable acquisition impact, offset by a 1% organic sales decrease and 1% unfavorable currency translation. EBITDA was $208 million, or 31% of sales. Nordson updated its full-year revenue guidance to $2,665 million - $2,705 million and adjusted EPS to $9.45 - $9.65, unchanged at the midpoint but now including the slightly dilutive Atrion impact in Q4.

Nordson (Nasdaq: NDSN) has completed the acquisition of Atrion , a leader in proprietary medical infusion fluid delivery and niche cardiovascular solutions. This strategic move expands Nordson's medical portfolio into new markets and therapies, supported by long-term secular growth trends. The acquisition, initially announced on May 28, 2024, aligns with Nordson's innovative precision technology focus and scalable growth framework.

Nordson will provide further details about the acquisition during its third quarter fiscal year 2024 webcast scheduled for Thursday, August 22, 2024, at 8:30 AM ET. The company, founded in 1954 and headquartered in Westlake, Ohio, leverages a direct sales model and applications expertise to serve global customers across consumer non-durable, medical, electronics, and industrial end markets.

Nordson (NDSN) has announced a 15% increase in its quarterly cash dividend, raising it to $0.78 per common share from $0.68. This marks the company's 61st consecutive year of annual dividend increases, placing it among an elite group of companies with the longest-running record of consecutive dividend increases. The dividend is payable on September 10, 2024, to shareholders of record as of August 27, 2024.

Nordson's CFO, Daniel Hopgood, highlighted the company's focus on customer satisfaction, innovation, and differentiation, combined with its Ascend strategy, as key factors in generating consistent cash flows and enabling shareholder value return. Nordson is an innovative precision technology company serving diverse end markets, including consumer non-durable, medical, electronics, and industrial sectors.