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Last $80.68 USD
Change Today +1.03 / 1.29%
Volume 267.1K
NDSN On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

nordson corp (NDSN) Snapshot

Open
$80.16
Previous Close
$79.65
Day High
$80.98
Day Low
$79.91
52 Week High
06/9/14 - $84.95
52 Week Low
10/15/14 - $66.77
Market Cap
5.0B
Average Volume 10 Days
214.5K
EPS TTM
$3.97
Shares Outstanding
61.6M
EX-Date
02/20/15
P/E TM
20.3x
Dividend
$0.88
Dividend Yield
1.04%
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.

6,000 Employees
Last Reported Date: 03/6/15
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 Develops New Sealing Technology for its Slide-Plate Screen Changers

Nordson Corporation developed a new sealing technology for its slide-plate screen changers, enabling them to provide reliable leak-proof melt filtration at higher temperatures and pressures and substantially lower viscosities. The seals on Nordson Xaloy slide plate screen changers prevent leakage by utilizing an innovative design that seals effectively at both low and high pressures, temperatures and viscosities. The new Nordson seal enables the slide plate screen changers to perform reliably at temperatures up to 650 °F (345°C), pressures up to 7,500 psi (515 BAR), and viscosities as low as 15 pascal seconds. (15,000 centipoise). This represents a significant improvement in performance with low-viscosity materials in comparison with earlier sealing systems for slide plate filtration. The new high-temperature sealing system is available on both manual and hydraulic slide plate screen changers, noted Parke Strong, R&D engineer, and it can be retrofitted on existing equipment.

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 Seeks Acquisitions

Nordson Corporation (NasdaqGS:NDSN) is seeking acquisitions. Nordson entered into a credit agreement for a $600 million unsecured multicurrency credit facility with several banks. The proceeds of the credit agreement will be used by Nordson for working capital, acquisitions and other general corporate purposes, including refinancing existing debt of Nordson and its subsidiaries.

 

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Industry Analysis

NDSN

Industry Average

Valuation NDSN Industry Range
Price/Earnings 20.2x
Price/Sales 2.9x
Price/Book 5.9x
Price/Cash Flow 19.6x
TEV/Sales 2.4x
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