Nordson Corp - NDSN STOCK NEWS

Nordson EFD has launched a new animated video aimed at assisting manufacturers in the assembly of diagnostic readers and the accurate dispensing of reagents onto test strips. This initiative highlights the importance of precision in diagnostic applications, particularly in the life sciences sector, where accurate data is crucial for patient health.

The video showcases innovative fluid dispensing solutions that ensure reliable results, minimizing errors and rework in manufacturing processes. Key technologies featured include UltimusPlus™ fluid dispensers and PICO Pµlse XP jetting valves, designed to handle sensitive materials effectively. This development underscores Nordson EFD's commitment to enhancing quality and efficiency in medical manufacturing.

Nordson Test & Inspection has been awarded the 2023 EM Innovation Award in the Inspection category for its CyberOptics SQ3000™+ Multi-Function system. This recognition took place during a ceremony on April 14 at productronica China in Shanghai. The SQ3000+, building on the success of its award-winning predecessor, has now achieved a total of seven awards since its launch. Perry Duffill, Vice-President of TEST & INSPECTION, expressed pride in this honor, noting the broader significance of the award to their Multi-Reflection Suppression® (MRS®) technology, which enhances yield and productivity. The SQ3000+ is designed for demanding applications, including advanced packaging and precision metrology.

Nordson Corporation (NASDAQ: NDSN) has announced a donation of $500,000 to the 2023 Harvest for Hunger campaign, supporting local food relief efforts in Northeast Ohio. The initiative addresses increased food insecurity, with demand for assistance rising by 30% since the pandemic. As the campaign's Honorary Chairperson, CEO Sundaram Nagarajan emphasized the importance of community investment. The campaign aims to provide funds for 3 million meals as food insecurity affects 1 in 6 children in Ohio. The kickoff event represents a return to community gatherings since the pandemic.

Nordson Corporation (Nasdaq: NDSN) reported Q1 fiscal 2023 results, with sales of $610 million, a 1% organic increase year-over-year. The operating profit was $144 million, while adjusted operating profit reached $155 million, comprising 25% of sales. Earnings per diluted share decreased to $1.81 from $2.07 the previous year, with adjusted EPS at $1.95. The company updated its full-year guidance, projecting revenue growth of 0% to 3% and adjusted earnings per share between $8.75 and $9.50. Key growth was noted in Europe and the Americas, despite challenges in Asia Pacific due to COVID-19 and currency fluctuations.

Nordson Corporation (NASDAQ:NDSN) has named Sarah Siddiqui as its new executive vice president and chief human resources officer, effective February 20, 2023. Siddiqui succeeds Shelly Peet, who is retiring after nearly 20 years of service. Bringing over 20 years of HR experience from industries such as aerospace and financial services, Siddiqui aims to drive Nordson's Ascend talent strategy and enhance community relations. CEO Sundaram Nagarajan praised her background as a valuable asset for the company’s priorities in culture, inclusion, and talent development.

Nordson Corporation (NASDAQ: NDSN) has declared a cash dividend of $0.65 per common share for the second quarter of fiscal year 2023. The dividend is payable on March 7, 2023, to shareholders of record by February 21, 2023. This payout matches the $0.65 dividend from the first quarter of the fiscal year. Nordson is known for its innovative precision technology, serving global customers across diverse markets including consumer non-durable, medical, electronics, and industrial sectors. Headquartered in Westlake, Ohio, Nordson operates in over 35 countries.

Nordson Corporation (NASDAQ: NDSN) will release its first quarter fiscal year 2023 earnings on February 20, 2023, after market close. A quarterly webcast is scheduled for February 21, 2023, at 8:30 AM ET. Investors can access the live broadcast and the replay via Nordson's investor website until February 28, 2023. The company, headquartered in Westlake, Ohio, specializes in precision technology and serves diverse end markets including non-durable consumer goods, medical, and electronics.