Nordson Corp - NDSN STOCK NEWS

Nordson Electronics Solutions has consolidated its European operations into a new state-of-the-art facility in Valkenswaard, The Netherlands. This move integrates multiple sites from Deurne, Maastricht, and Hagenbach, Germany, into a central location to meet rising European customer demand. The new facility features a demonstration lab showcasing the latest equipment from ASYMTEK, MARCH, and SELECT product lines, offering solutions for conformal coating, fluid dispensing, plasma treatment, and selective soldering in electronics manufacturing.

The modern building incorporates environmental efficiency features such as solar panels and energy-conserving underfloor heating, aligning with Nordson 's sustainability commitment. Located in the Eindhoven area, the new site minimizes disruption to customers, partners, and suppliers while supporting customers backed by the European Chips Act to boost regional resilience.

Nordson (Nasdaq: NDSN) announced its agreement to acquire Atrion (Nasdaq: ATRI), a leader in medical infusion and cardiovascular technologies, for $460.00 per share in cash. This acquisition values Atrion at approximately $800 million and expands Nordson’s medical portfolio into new markets and therapies. Atrion generated about $169 million in revenue in 2023 and operates three FDA registered manufacturing facilities in the U.S.

The acquisition will be funded through cash on hand and newly issued financial debt and is expected to close before Nordson’s fiscal year-end in 2024, pending regulatory and stockholder approvals. The transaction is expected to generate significant synergies within the first two years of ownership.

The acquisition aligns with Nordson's strategy to leverage long-term growth drivers in the medical sector, including an aging population, increased healthcare spending, and the adoption of minimally invasive surgical techniques.

Nordson (Nasdaq: NDSN) reported its fiscal Q2 2024 results with sales of $651 million, matching last year's figure. Net income stood at $118 million, equating to $2.05 per diluted share, a slight decrease from the previous year's $128 million and $2.21 per share. Adjusted earnings were $2.34 per share, down from $2.45. EBITDA remained flat at $203 million, representing 31% of sales.

Segment-wise, Industrial Precision Solutions saw a 9% sales increase to $367 million, while Medical and Fluid Solutions experienced a 2% rise to $169 million. Advanced Technology Solutions, however, faced a 22% decline in sales to $115 million.

Nordson updated its full-year fiscal 2024 guidance to forecast flat to 2% revenue growth, with adjusted EPS expected to range between $9.35 and $9.75. Q3 sales are projected between $645 and $670 million, with adjusted EPS of $2.25 to $2.40.

Nordson (Nasdaq: NDSN) declared a third quarter cash dividend of $0.68 per share for fiscal year 2024, maintaining the same amount as the previous quarter. The company is known for its innovative precision technology and diverse end market exposure, including consumer non-durable, medical, electronics, and industrial markets.

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.