nordson corp (NDSN) Key Developments
Sarawut Phanchaicharoen Joins Nordson Corporation as Southeast Asia Sales Manager for Packaging Film and Sheet Markets
Jul 21 15
Nordson Corporation has appointed Sarawut Phanchaicharoen to be Southeast Asia regional sales manager for packaging film and sheet markets. In this position, he will be responsible for sales of Nordson s Polymer Processing Systems (PPS) product lines, in particular Nordson Extrusion Dies Industries extrusion die systems. Sarawut brings fifteen years of experience in sales and engineering for precision equipment systems in the Southeast Asia region
Prior to joining the company, Sarawut Phanchaicharoen was regional sales manager for Piovan Asia Pacific Ltd.
Nordson EFD Introduces xQR41 Series Microdot Needle Valve
Jun 25 15
Nordson EFD announced that the company has introduced the xQR41 Series MicroDot needle valve. The valve features a 60% smaller form factor than standard valves, an exchangeable modular design for greater customization and process control, and a Quick Release (QR) clasp that allows easy removal of the fluid body to replace wetted parts in seconds. The new valve expands manufacturing opportunities for multiple applications and industries, especially those related to wireless devices, sensors, mobile phones, and other high-end electronics. The xQR41 valve's small profile of 66 mm length x 23.7 mm diameter (2.60" x 0.93") enables multiple valves to be mounted closer together for greater output per batch, increasing production throughput. Ideal for automated assembly processes, the needle valve can dispense in tighter spaces and at more complex angles. Weighing only 141.4 g (5.0 oz), the xQR41 valve reduces the tooling payload. This not only means faster actuator arm movement and improved positioning stability, but also reduced tabletop automation (TTA) motor and belt wear. The xQR41's small form factor also results in a smaller wetted path, resulting in less retained fluid volume, which minimizes fluid waste. It can be fed from a variety of reservoirs, syringe barrels, external cartridges, or tanks. The valve's unique QR clasp secures the fluid body to the air actuator and can be removed with a turn of a thumbscrew - no tools required. No longer is it necessary to remove the entire actuator or valve assembly from mounting fixtures. Full change-outs take seconds, not minutes. This is especially important in applications with fluids that have a curing time where the wetted part must be removed as quickly as possible and returned to operation. The pneumatically-operated, adjustable valve applies precise micro-deposits as small as 150 µm (0.15 mm) (0.006") of low- to high-viscosity fluids onto a substrate. The xQR41's exchangeable modular design can be configured with stroke adjustable or non-adjustable cap, BackPack valve actuator, low-profile mounting block, and 90° air and fluid inlet fittings. The fluid body can be aligned and locked at 360° intervals to accommodate mounting, positioning, and fluid inlet alignment needs. It can be installed on many automation platforms.
Nordson Corporation Appoints Scott J. Springer as Sales Director of Americas, for Polymer Processing Systems Product Line
Jun 24 15
Nordson Corporation announced that Scott J. Springer has joined the company as Sales Director, Americas, for the company s Polymer Processing Systems (PPS) products. Mr. Springer will be in charge of sales in the Americas for underwater pelletizing and drying systems, flat extrusion and coating dies, melt filtration systems, gear pumps, melt valves, screws and barrels for extrusion and molding, and other melt processing components. Scott brings more than 25 years of experience in sales and marketing management of engineered equipment, much of it focused on sophisticated components for process optimization and automation. He will provide valuable leadership in the Nordson PPS mission of providing customers with comprehensive solutions for increasing productivity, reducing costs, and enhancing quality. Prior to joining the company, Scott Springer was vice president of sales and marketing for the materials handling equipment manufacturer Schwing Bioset Inc.
Nordson Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Second Half of the Fiscal Year 2015 and Fiscal Year 2015
May 19 15
Nordson Corporation announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported net sales of $400,727,000 compared to $417,461,000 a year ago. Operating profit was $76,414,000 compared to $92,834,000 a year ago. Income before income taxes was $71,565,000 compared to $89,113,000 a year ago. Net income was $49,214,000 compared to $61,934,000 a year ago. Return on average shareholders' equity was 23% compared to 27% a year ago. Diluted earnings per share were $0.80 compared to $0.96 a year ago. Net cash provided by operating activities was $91,524,000 compared to $54,502,000 a year ago. Additions to property, plant and equipment were $19,362,000 compared to $8,603,000 a year ago. Diluted EPS as adjusted (Non-GAAP) was $0.80 compared to $0.97 a year ago.
For the six months, the company reported net sales of $779,735,000 compared to $776,881,000 a year ago. Operating profit was $139,232,000 compared to $146,693,000 a year ago. Income before income taxes was $130,278,000 compared to $139,300,000 a year ago. Net income was $92,099,000 compared to $96,814,000 a year ago. Return on average shareholders' equity was 22% compared to 21% a year ago. Diluted earnings per share were $1.48 compared to $1.50 a year ago. Net cash provided by operating activities was $117,436,000 compared to $102,189,000 a year ago. Additions to property, plant and equipment were $36,183,000 compared to $16,494,000 a year ago. Diluted EPS as adjusted (Non-GAAP) was $1.48 compared to $1.53 a year ago.
For the third quarter of fiscal 2015, sales growth is expected to be in the range of 2% to 6% as compared to the third quarter a year ago. This growth is inclusive of organic volume growth of 6 to 10%, 2% growth from the first year effect of acquisitions, and negative 6% currency translation effect based on the current exchange rate environment. At the midpoint of this outlook, operating margin is expected to be approximately 24%, and GAAP diluted earnings per share are expected to be in the range of $1.19 to $1.30. The company expected third quarter interest expense of about $4.4 million and an effective tax rate of approximately 30%.
In addition, the company invested $15 million during the first half of the fiscal year 2015 for the construction of new and previously described fluid management facility in Colorado. The company expected additional capital expenditures of approximately $5 million on this project over the second half of the fiscal year 2015. For the second half of the fiscal year 2015, the company is forecasting an effective tax rate, excluding discrete items, to be about 30% based on current tax law.
The company also expected normal maintenance capital spending for the fiscal year 2015 to be between $45 million to $50 million.
Nordson Corporation Declares Cash Dividend for the Third Quarter of 2015, Payable on June 9, 2015
May 12 15
Nordson Corporation announced that its board of directors declared a third quarter 2015 cash dividend in the amount of $0.22 per common share, payable on June 9, 2015 to shareholders of record as of the close of business on May 26, 2015. This amount equals the $0.22 per common share dividend paid in the second quarter of fiscal year 2015.