Nordson Corp - NDSN STOCK NEWS

Nordson (Nasdaq: NDSN) announced the release of its second-quarter fiscal year 2024 earnings on May 20, 2024. The company will host a webcast on May 21, 2024, at 8:30 AM ET. Nordson is a precision technology company with a direct sales model, serving global customers in various end markets.

Nordson Electronics Solutions has been awarded by EM China for the ASYMTEK Select Coat® SL-1040 conformal coating system at Productronica China. The award was received by Jacky He at the tradeshow in Shanghai, China. The SL-1040 system has elevated coating performance with improvements in yield and uptime for automotive electronics reliability, including system-level advancements related to automation, process control, precision, and preventive maintenance for better yield and uptime. The SL-1040 is designed to meet the dynamic demands of electronics manufacturers, especially for automotive electronics. It is the most advanced conformal coating solution for high-volume production for printed circuit assembly and includes features that improve total cost of ownership.

The SL-1040 system was publicly introduced in November 2023 and pairs new process control and new maintenance using the new SC-450 PreciseCoat® Jet and enhanced EasyCoat® software, making it ideal for high-volume production. The system avoids keep-out zones, offers consistent set-up, closed-loop feedback, traceability, and data logging for Industry 4.0. The SL-1040 provides speed and throughput improvements by maximizing throughput, offering precise fluid placement, coverage uniformity, and fluid thickness, and simplifying nozzle cleaning to improve uptime and cost of ownership.

Conformal coating is essential for reliable automotive electronics, and the award-winning SL-1040 system offers highly selective, small-volume coating accuracy, near the tightest KOZs, and narrow line widths down to 1.5 mm when equipped with the SC-450. Visit Nordson's website to learn more about the technology innovation behind the SL-1040 system.

Nordson appointed Daniel Hopgood as its new Chief Financial Officer, bringing over 25 years of financial and operational expertise to the role. Mr. Hopgood's background includes significant roles at Eaton and Meritor, Inc., showcasing a strong track record in finance and business development.

Nordson Electronics Solutions introduces the Synchro™ 3 model in the SELECT® Synchro™ selective soldering equipment family, enhancing high-volume printed circuit board assembly applications. The new model utilizes synchronous motion technology to boost throughput by 20-40% and reduce footprint by up to 60%, improving yields and flexibility while lowering cost-of-ownership.

Nordson EFD, a Nordson company (NASDAQ: NDSN), introduces new GVPlus and PROX families of automated fluid dispensing products, offering enhanced repeatability, larger payloads, and improved vision technology. The GVPlus family provides best-in-class repeatability at 8 μm, a tool payload of up to 4.5 kg, and a working area of 400 mm x 400 mm. The PROX family extends X, Y, Z-axis repeatability of ±0.003 mm, a working area of 500 mm x 500 mm, and improved durability with linear motors. Both solutions feature CCD smart vision cameras for precise image quality and automatic adjustments for in-process variations.

Nordson EFD, a precision fluid dispensing systems manufacturer, launches a new Latin America Tech Center in Querétaro, Mexico, offering timely feedback on fluid dispensing equipment. The lab provides a range of Nordson EFD systems and training sessions for manufacturers in the region.

Nordson Electronics Solutions to showcase plasma and dispensing equipment for microelectronics manufacturing at booth 3645 in CARLSBAD, Calif.

Nordson EFD, a Nordson company, introduces the PICO Nexμs Jetting System to enhance jet dispensing efficiency. The system allows manufacturers to connect, control, and monitor jetting functions using Industrial Ethernet protocols from a human machine interface at the point of dispense. Its compact design saves space in automated production machines, making it ideal for multi-valve installations.

Nordson Corporation (NDSN) reported a 4% increase in sales to $633 million in the fiscal first quarter ended January 31, 2024. Net income was $110 million with earnings per diluted share of $1.90. Adjusted earnings per diluted share were $2.21. EBITDA was $197 million, 31% of sales. The company narrowed its full-year fiscal 2024 revenue guidance to 4% to 7% growth over the previous year.