Nordson Corp - NDSN STOCK NEWS

Nordson Corporation (Nasdaq: NDSN) reported third-quarter sales of $662 million, a 2% increase year-over-year, with constant currency sales up by 7%. Earnings per share stood at $2.45, slightly above last year's $2.42. Adjusted earnings per share rose 3% to $2.49. The company confirmed its full-year guidance of 8% to 9% revenue growth and 18% to 21% adjusted earnings growth despite facing headwinds from inflation and currency pressures. Strong demand was noted in electronics and medical markets, with a backlog over $1 billion.

Nordson Corporation (NASDAQ: NDSN) has announced a 27% increase in its quarterly cash dividend, raising it from $0.51 to $0.65 per share. The dividend will be payable on September 6, 2022, to shareholders of record as of August 23, 2022. This marks the company’s 59th consecutive year of annual dividend increases, underscoring its strong commitment to returning value to shareholders. The increase reflects the company’s confidence in its long-term profitable growth strategy.

Nordson Corporation (NDSN) has announced a definitive agreement to acquire CyberOptics Corporation (CYBE) for $54.00 per share, totaling approximately $380 million, net of cash acquired. This all-cash deal, valued at 18.5 times CyberOptics' trailing twelve months EBITDA, aims to enhance Nordson's test and inspection platform, particularly in the semiconductor and electronics sectors. The acquisition, expected to close in Q1 fiscal 2023, will leverage CyberOptics' advanced 3D optical sensing technology, driving new growth opportunities and an anticipated $6 million in cost synergies.

CyberOptics Corporation has announced its acquisition by Nordson Corporation for $54.00 per share in cash, reflecting a 47% premium over the last 30 days' average closing price. This deal aims to provide immediate cash value to shareholders and strengthen customer options. Both companies' boards have approved the transaction, which awaits shareholder and regulatory approval, expected to close by the end of 2022. Barclays and Stinson LLP are advising on the transaction.

Nordson Corporation (NASDAQ: NDSN) is scheduled to announce its third quarter fiscal year 2022 earnings on August 22, 2022, post-market. A quarterly webcast will follow on August 23, 2022, at 8:30 AM ET. Investors can join the live event or access a replay on Nordson's investor website until August 30, 2022. The company focuses on precision technology across various sectors including consumer non-durable, medical, electronics, and industrial markets, operating in over 35 countries worldwide.

Nordson Corporation (Nasdaq: NDSN) announced a strategic realignment of its business segments effective August 1, 2022. The new structure includes three segments: Industrial Precision Solutions (IPS), Medical and Fluid Solutions (MFS), and Advanced Technology Solutions (ATS). This change aims to enhance visibility in growing medical and electronics platforms. In fiscal 2021, IPS generated approximately $1.2 billion, MFS $0.6 billion, and ATS $0.5 billion in revenues. The company remains focused on top-tier growth with a commitment to innovative solutions across diverse end markets.

Nordson EFD has launched a new Better Dispensing™ How-To Video series aimed at helping manufacturers select the right fluid dispensing systems. The series, presented by application specialist Tom Muccino, focuses on the differences between contact and non-contact (jet) dispensing methods and offers insights on choosing the best jetting valve. The videos highlight the advantages of jetting for fragile parts and explain both pneumatic and piezoelectric jetting technologies. With faster dispensing rates, these systems aim to enhance production efficiency and reduce waste.

Nordson Corporation (Nasdaq: NDSN) reported its fiscal second quarter results with sales of $635 million, an 8% increase from the prior year. Operating profit rose 11% to $184 million, while earnings per share declined to $1.88 from $2.12. Adjusted earnings per diluted share increased 15% to $2.43. The company updated its fiscal 2022 guidance, projecting adjusted earnings growth of 18% to 21% and revenue growth of 8% to 9% over fiscal 2021. Backlog exceeds $1 billion, signaling strong demand across various sectors.

Nordson Corporation (NASDAQ: NDSN) announced a cash dividend of $0.51 per common share for the third quarter of fiscal year 2022. This dividend is payable on June 7, 2022, to shareholders recorded by the close of business on May 24, 2022. The declared dividend matches the amount paid in the second quarter. Nordson is recognized for its precision technology and diverse market exposure, serving sectors such as consumer non-durable, medical, and electronics.