Nordson Corporation (NASDAQ:NDSN) Q2 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 08:30 am ET


Nordson Corporation (NASDAQ:NDSN) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Nordson Corpoation Second Quarter Fiscal Year 2020 Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to one of your speakers today, Lara Mahoney. Thank you. Please go ahead.

Lara Mahoney

Thank you, Casey. Good morning. This is Lara Mahoney, Vice President of Corporate Communications and Investor Relations. I'm here with Sundaram Nagarajan, our President and CEO; and Greg Thaxton, Executive Vice President and CFO. We welcome you to our conference call, today, Thursday, May 21, 2020, to report Nordson's fiscal year 2020 second quarter results.

Our conference call is being broadcast live on our webpage at, and will be available there for 14 days. There will be a telephone replay of the conference call available until June 4, 2020, which can be accessed by dialing 416-621-4642. You will need to reference ID number 8187700.

During this conference call, forward-looking statements may be made regarding our future performance, based upon Nordson's current expectations. These statements may involve a number of risks, uncertainties and other factors as discussed in the company's filings with the Securities and Exchange Commission, that could cause actual results to differ. After our remarks on the quarter, we will be happy to take your questions.

With that, I'll turn the call over to Naga.

Sundaram Nagarajan

Good morning, everyone. Thank you for joining Nordson's fiscal 2020 second quarter conference call. It's incredible how much the world has changed in the few months since our February conference call. We hope you and your families are staying healthy and safe.

In the second quarter, our team was focused on two critical priorities; protecting the health and safety of our employees, and responding to the needs of our customers. I'm so thankful to our colleagues around the world, for their flexibility, resilience and commitment, as we have navigated through this pandemic. I'm proud of the Nordson team.

One of Nordson's greatest strengths, is the diversity of our end markets, which is certainly contributing to our results to this point in the year. And during this period, all of our production facilities have continued to manufacture products for critical infrastructure applications.

Going forward, our focus will continue to be on maintaining health and safety of our employees, as we transition from working remotely, where social distancing, regular cleaning, temperature checks, face coverings and other protocols will be essential. Representatives from our global teams have been coming together to share best practices and lessons learned, with all moving forward together in a conservative manner to ensure everyone's safety.

While we remain focused on actively managing this dynamic environment, I'm equally committed to moving this organization forward and making progress toward our strategic objectives. The greatest opportunity for Nordson is profitable growth. On March 30, we announced a business realignment that will make us more agile, in accomplishing our strategic priorities of accelerating organic growth, diversifying through acquisition, leveraging the Nordson Business System and focusing on talent development. Today we