$NDSN (Nordson Corporation)

$NDSN {{ '2016-08-22T20:59:17+0000' | timeago}} • Announcement

Maker of dispensing equipments for adhesives & sealants $NDSN posted higher 3Q16 earnings due to higher operating profit. Net income was $84.21MM or $1.46 per diluted share vs. $69.39MM or $1.14 per diluted share in 3Q15. Net sales rose 5.9% to $489.9MM vs. 3Q15, helped by higher organic sales volume in the company's segments.

$NDSN {{ '2017-05-23T18:26:30+0000' | timeago}} • Webcast

$NDSN said that from a operating margin perspective, it does not expect pension to have a material impact on its overall operating margin on passing 3Q17 one-time charges. Effective tax rate for FY17 is expected in the range of 29%, while normal maintenance CapEx is expected to be approx. $50MM.

$NDSN {{ '2017-05-23T18:12:26+0000' | timeago}} • Webcast

$NDSN stated that in 2Q17, the company generated 9% organic sales growth and all segments and geographies contributed to current quarter organic growth. Geographically, Asia Pacific and the Americas were the strongest.

$NDSN {{ '2017-05-22T20:52:16+0000' | timeago}} • Announcement

$NDSN's order rates for the 12-week period ending May 14, 2017, measured in constant currency, increased by 13% over last year. Backlog for the quarter ended April 30, 2017 was about $403MM, up 37% from last year, and inclusive of 18% organic growth and 19% growth due to acquisitions.

$NDSN {{ '2017-05-22T20:49:45+0000' | timeago}} • Announcement

At the midpoint of sales outlook, $NDSN expects 3Q17 operating margin to be about 24%, and GAAP diluted EPS in the range of $1.51-1.65. EBITDA is expected to be about $164MM, an increase of 18% over the prior year.

$NDSN {{ '2017-05-22T20:49:31+0000' | timeago}} • Announcement

$NDSN expects 3Q17 sales to increase 15-19% as compared to last year. This includes organic volume growth of 6-10%, 10% growth from the first year effect of acquisitions, and a negative currency effect of 1% based on the current exchange rate environment.

$NDSN {{ '2017-05-22T20:49:19+0000' | timeago}} • Announcement

$NDSN's sales for 2Q17 increased by 13% from last year. This change in sales included a 9% increase in organic volume, a 6% rise related to the first year effect of acquisitions, and a negative 2% impact related to the unfavorable effects of currency translation as compared to the prior year.

$NDSN {{ '2017-05-22T20:49:03+0000' | timeago}} • Announcement

$NDSN reported a drop in 2Q17 earnings due to higher interest expenses, and a rise in income taxes. Net income fell to $64.52MM or $1.11 per share from $70.6MM or $1.23 per share last year. Net sales grew to $496.14MM from $437.59MM. Non-GAAP EPS increased to $1.35 from $1.19.

$NDSN {{ '2017-05-16T13:43:08+0000' | timeago}} • Announcement

$NDSN's BoD declared a 3Q17 cash dividend of $0.27 per common share. The dividend is payable on June 13, 2017 to shareholders of record on May 30, 2017.

$NDSN {{ '2017-04-03T13:44:29+0000' | timeago}} • Announcement

$NDSN has completed the acquisition of Vention Medical’s Advanced Technologies business, a developer and manufacturer of minimally invasive interventional delivery devices, catheters and advanced components for the global medical technology market.

$NDSN {{ '2017-03-17T16:32:13+0000' | timeago}} • Announcement

$NDSN appointed Rade Petricevic as aftermarket manager in the Pacific Rim for its Polymer Processing System (PPS) products. Most recently, Petricevic was a sales manager for Dr. Collin GmbH.

$NDSN {{ '2017-02-21T19:31:13+0000' | timeago}} • Announcement

For $NDSN's acquisition of Vention Medical’s Advanced Technologies business, Morgan Stanley & Co (a subsidiary of $MS) is serving as financial adviser to Nordson, and Jones Day is serving as a legal adviser. The deal is expected to close during Nordson’s 2Q17.

$NDSN {{ '2017-02-21T19:26:46+0000' | timeago}} • Announcement

$NDSN has agreed to buy Vention Medical’s Advanced Technologies business, which makes advanced medical components, for $705MM in an all cash transaction.  Through the deal, Nordson expects $0.05 to $0.10 addition to EPS in FY17, including estimated purchase accounting charges.

$NDSN {{ '2017-02-16T18:54:15+0000' | timeago}} • Announcement

$NDSN acquired InterSelect GmbH, a German designer and manufacturer of selective soldering systems, used in a variety of automotive, aerospace and industrial electronics assembly applications. The transaction is not material to $NDSN results, and terms of the deal were not disclosed.

$NDSN {{ '2017-02-07T17:47:41+0000' | timeago}} • Announcement

$NDSN's BoD declared 2Q17 cash dividend of $0.27 per common share. The dividend is payable on March 7, 2017 to shareholders of record on Feb. 21, 2017. This amount equals the $0.27 per common share dividend paid in 1Q17.

$NDSN {{ '2017-02-02T16:16:30+0000' | timeago}} • Announcement

$NDSN acquired Plas-Pak Industries, a Norwich, Connecticut designer and manufacturer of  injection molded, single-use plastic dispensing and packaging products, for undisclosed terms.

$NDSN {{ '2017-01-17T13:52:51+0000' | timeago}} • Announcement

$NDSN and KlesyMa GmbH of Magdeburg, Germany, have reached a settlement regarding KlesyMa's potential infringement of $NDSN's European patent. $NDSN has granted KlesyMa a covenant not to sue for its past sales of hot melt adhesive modules under EP1568418 as well as for future sales of those modules.

$NDSN {{ '2017-01-06T14:27:18+0000' | timeago}} • Announcement

$NDSN acquired assets of ACE Production Technologies, a maker of selective soldering systems used in variety of automotive and industrial electronics assembly applications. The transaction is not material to $NDSN results. ACE's lead tinning business will remain with sellers and will operate under new name Component Tinning Services.

$NDSN {{ '2016-12-14T14:47:30+0000' | timeago}} • Webcast

$NDSN said that in the Adhesive Dispensing Systems segment, especially the polymer business in 4Q16 was off a bit, but saw solid order rates in the current quarter. In Advanced Technology Systems, the company saw solid and strong 4Q16 in this segment, helped by globalizing some of the businesses that were primarily North America focused.

$NDSN {{ '2016-12-14T14:35:38+0000' | timeago}} • Webcast

$NDSN expects FY17 tax rate to be about 29%, based on current tax laws. For CapEx, the company is expecting normal maintenance CapEx to be approx. $50MM for FY17. This CapEx forecast does not include spending associated with the previously announced US polymer product line footprint consolidation.

$NDSN {{ '2016-12-14T14:30:32+0000' | timeago}} • Webcast

$NDSN stated that in Adhesive Dispensing segment, by geography, Asia Pacific, Japan and the US were the strongest for the company in 4Q16. The company added that order rates were up in all product lines and geographies, mostly by double digits.

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