Last $76.93 USD
Change Today -0.62 / -0.80%
Volume 170.6K
NDSN On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

nordson corp (NDSN) Snapshot

Open
$76.94
Previous Close
$77.55
Day High
$77.48
Day Low
$76.67
52 Week High
06/9/14 - $84.95
52 Week Low
10/15/14 - $66.77
Market Cap
4.8B
Average Volume 10 Days
237.8K
EPS TTM
$3.97
Shares Outstanding
62.0M
EX-Date
02/20/15
P/E TM
19.4x
Dividend
$0.88
Dividend Yield
1.09%
Current Stock Chart for NORDSON CORP (NDSN)

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nordson corp (NDSN) Details

Nordson Corporation engineers, manufactures, and markets products and systems for dispensing, applying, and controlling adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Its Adhesive Dispensing Systems segment provides dispensing, coating, and laminating systems for applying adhesives, lotions, liquids, and fibers to disposable products and continuous roll goods; and systems for assembling plastic, metal, and wood products in paper and paperboard converting applications, and manufacturing continuous roll goods. This segment also offers automated adhesive dispensing systems for packaged goods industries; and components and systems used in the thermoplastic melt stream. The company’s Advanced Technology Systems segment offers automated dispensing systems for attachment, protection, and coating of fluids and related gas plasma treatment systems for cleaning and conditioning surfaces prior to dispense; precision manual and semi-automated dispensers, plastic molded syringes, cartridges and tips, fluid connection components, and tubing and catheters for applying and controlling the flow of adhesives, sealants, lubricants, and biomaterials; and bond testing, and automated optical and X-ray inspection systems. This segment serves electronics, medical, and related high-tech industries. Its Industrial Coating Systems segment provides automated and manual dispensing systems to apply component adhesives and sealant materials, as well as to coat and cure containers; systems to apply liquid paints and coatings to consumer and industrial products; and systems to apply powder paints and coatings to various metal, plastic, and wood products, as well as ultraviolet equipment to cure and dry operations for specialty coatings, semiconductor materials, and paints. The company markets its products through its direct sales force, distributors, and sales representatives worldwide. Nordson Corporation was founded in 1935 and is headquartered in Westlake, Ohio.

5,978 Employees
Last Reported Date: 02/24/15
Founded in 1935

nordson corp (NDSN) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $390.0K
Senior Vice President
Total Annual Compensation: $380.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $330.0K
Senior Vice President
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2014.

nordson corp (NDSN) Key Developments

Nordson Corporation Enters into Credit Agreement for $600 Million Unsecured Multicurrency Credit Facility

On February 20, 2015 Nordson Corporation entered into a credit agreement for a $600 million unsecured multicurrency credit facility with KeyBank National Association, J.P. Morgan Chase Bank, N.A., The Bank of Tokyo-Mitsubishi UFJ, LTD., PNC Bank, National Association, Citizens Bank, National Association, and Bank of America, National Association, Wells Fargo Bank, National Association (as Senior Managing Agent), and The Northern Trust Company, HSBC Bank USA, N.A., The Huntington National Bank, Commerzbank AG, Branch Banking and Trust Company, Fifth Third Bank, and U.S. Bank National Association. The credit agreement has a five-year term and includes a $50 million sub-facility for swing-line loans; may be increased from $600 million to $850 million under certain conditions; provides that the applicable margin for Eurodollar Loans will range from 0.67% to 1.45% based on the company's leverage ratio calculated on a consolidated net debt basis; contains a number of covenants that the Company believes are usual and customary for senior unsecured credit agreements, including compliance with various financial ratios and tests, and certain covenants that restrict, among other things, the Company and its subsidiaries ability to incur debt; incur liens; merge or consolidate with other companies and make certain acquisitions; contains customary events of default (subject to grace periods, as appropriate) including among others: nonpayment of principal, interest or fees; breach of the representations or warranties in any material respect; breach of the financial, affirmative or negative covenants; payment default on, or accelerations of, other material indebtedness; bankruptcy or insolvency; material judgments entered against the Company or any of its subsidiaries; certain specified events under the Employee Retirement Income Security Act of 1974, as amended; certain changes in control of the Company; and the invalidity or unenforceability of the Credit Agreement or other documents associated with the Credit Agreement; and replaces existing revolving loan agreement that was scheduled to expire in December 2016. Borrowings under the Credit Agreement bear interest, at either an alternate base rate or an adjusted LIBOR rate plus, in each case, an applicable margin. Such applicable margin is based on the company's Leverage Ratio. Interest is payable (a) in the case of base rate loans, quarterly, and (b) in the case of LIBOR rate loans, on the maturity date of the borrowing, or quarterly from the effective date for borrowings exceeding three months. Proceeds of the Credit Agreement are available for use by the Company for working capital, acquisitions and other general corporate purposes, including refinancing existing debt of the Company and its subsidiaries.

Nordson Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2015; Provides Tax Rate and Capex Guidance for the Full Year 2015

Nordson Corporation announced unaudited consolidated earnings results for the first quarter ended January 31, 2015. For the quarter, the company reported net sales of $370,008,000 against $359,420,000 a year ago. Operating profit was $62,818,000 against $53,859,000 a year ago. Income before income taxes was $58,713,000 against $50,187,000 a year ago. Net income was $42,885,000 or $0.69 per diluted share against $34,880,000 or $0.54 per diluted share a year ago. Return on sales was 11% against 10% a year ago. Return on average shareholders' equity was 20% against 16% a year ago. Net cash provided by operating activities was $25,912,000 against $47,687,000 a year ago. Additions to property, plant and equipment were $16,821,000 against $7,891,000 a year ago. Free cash flow before dividends was $9,366,000 against $39,809,000 a year ago. Diluted EPS as adjusted (non-GAAP) was $0.69 against $0.56 a year ago. In terms of the operating margin, at the midpoint of guidance, it is expecting to be about 20% for the second quarter of fiscal 2015. It expects organic growth in the second quarter to exceed the 1% level it is forecasting at the midpoint of guidance as it typically has a strong correlation between order growth rates and the outlook for the next quarter. The company said estimating second quarter interest expense of about $4 million and an effective tax rate of approximately 30%, resulting in second quarter forecasted GAAP diluted earnings in the range of $0.80 per share to $0.90 per share. The company is forecasting the full year effective tax rate, excluding discrete items, to be above 30% based on current tax law. It also expects normal maintenance capital spending for the full year to be between $45 million to $50 million.

Nordson Corporation Launches Duet Variable Dispense Applicators

Nordson Corporation has launched Duet variable dispense applicators to reportedly help improve product quality of nonwoven disposable hygiene products. The patented, dual-module applicators deliver different add-on weights at the ends of an elastic strand than in the middle. This variable add-on produces the high bond strengths needed to secure the ends of elastic to a nonwoven garment while helping retain retractive forces in the center of the elastic strand. Applications that can benefit from this capability include elasticized legs, leg cuffs and waistbands on disposable nonwovens infant diapers, training pants and adult incontinence products. Duet applicators provide complete adhesive coverage of the entire strand in a single pass using two independently-fed, independently-cycling Speed-Coat modules to optimize adhesive use and deliver excellent cutoff. The lighter add-on weight in the center of the elastic strand provides a stabilizing bond while supporting high-performance elastic features. Meanwhile, heavier add-on weights at the ends of the elastic securely bond the elastic strand to the product to provide durability in use. Compatibility with Nordson's Allegro and SureWrap elastic attachment nozzles further improves product quality and optimizes adhesive use. These nozzles use the patented Nordson Universal clamping feature for quick, easy nozzle changes to maximize machine up-time and the patented integral strand guide to stabilize the elastic at the point of application for reliable elastic coating.

 

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NDSN

Industry Average

Valuation NDSN Industry Range
Price/Earnings 19.4x
Price/Sales 2.8x
Price/Book 5.7x
Price/Cash Flow 18.7x
TEV/Sales 2.2x
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