Nordson Corporation engineers, manufactures and markets differentiated products and systems used for the precision dispensing of adhesives, coatings, sealants, biomaterials, polymers, plastics and other materials, fluid management, test and inspection, UV curing and plasma surface treatment, all supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in more than 35 countries.

Company profile
Ticker
NDSN
Exchange
Website
CEO
Sundaram Nagarajan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Nordson DAGE, Inc. • Nordson MARCH, Inc. • Nordson YESTECH, Inc. • Value Plastics, Inc. • Avalon Laboratories Holding Corp. • EDI Holdings, Inc. • Nordson BKG LLC • Nordson Superior Holdings, Inc. • Nordson Extrusion Dies Industries, LLC • Nordson MEDICAL (CA), LLC ...
IRS number
340590250
NDSN stock data
News
Press releases
New Better Dispensing Videos from Nordson EFD Explain Jetting Technology and How to Choose the Right Solution
26 May 22
Nordson Corporation Reports Strong Second Quarter Fiscal 2022 Results and Raises Annual Earnings Guidance
23 May 22
Nordson Corporation Declares Third Quarter Dividend for Fiscal Year 2022
11 May 22
Nordson Electronics Solutions Introduces New Helios® System for Dispensing Single-Component Thermal Interface Materials
4 May 22
Nordson Corporation Announces Earnings Release and Webcast for Second Quarter Fiscal Year 2022
3 May 22
Analyst ratings and price targets
Current price
Average target
$252.00
Low target
$243.00
High target
$265.00
Morgan Stanley
Maintains
$250.00
Baird
Maintains
$243.00
DA Davidson
Maintains
$265.00
Loop Capital
Initiated
$250.00
Calendar
27 May 22
26 Jun 22
31 Oct 22
Financial summary
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Diluted EPS |
Annual (USD) | Oct 21 | Oct 20 | Oct 19 | Oct 18 | |
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Cost of revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 120.89M | 120.89M | 120.89M | 120.89M | 120.89M | 120.89M |
Cash burn (monthly) | 16.55M | 1.04M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 31.55M | 1.97M | n/a | n/a | n/a | n/a |
Cash remaining | 89.34M | 118.92M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 5.4 | 114.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 May 22 | George Arthur L Jr | Common Stock | Other | Dispose J | No | No | 219.83 | 258 | 56.72K | 10,435 |
29 Apr 22 | DeFord John A | Common Stock | Grant | Acquire A | No | No | 215.69 | 104 | 22.43K | 1,790 |
30 Mar 22 | Lovass Stephen | Common Stock | Payment of exercise | Dispose F | No | No | 229.91 | 9 | 2.07K | 5,781 |
30 Mar 22 | Pembroke Jeffrey A | Common Stock | Payment of exercise | Dispose F | No | No | 229.91 | 8 | 1.84K | 13,945 |
31 Jan 22 | DeFord John A | Common Stock | Grant | Acquire A | No | No | 232.54 | 96 | 22.32K | 1,678 |
Institutional ownership, Q1 2022
69.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 501 |
Opened positions | 65 |
Closed positions | 67 |
Increased positions | 182 |
Reduced positions | 172 |
13F shares | Current |
---|---|
Total value | 12.9B |
Total shares | 40.17M |
Total puts | 21.3K |
Total calls | 16.9K |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6M | $1.36B |
BLK Blackrock | 3.51M | $797.2M |
STT State Street | 2.47M | $560.32M |
Kayne Anderson Rudnick Investment Management | 2.09M | $474.32M |
Massachusetts Financial Services | 1.23M | $280.05M |
Geode Capital Management | 1.23M | $278.27M |
ATAC Neuberger Berman | 935.14K | $212.37M |
Atlanta Capital Management Co L L C | 903.32K | $205.13M |
Champlain Investment Partners | 888.34K | $201.72M |
Royal London Asset Management | 877.15K | $199.25M |
Financial report summary
?Competition
DoverRisks
- The COVID-19 pandemic has negatively disrupted our ability to operate, results of operations, financial condition, liquidity and capital investments, and may continue to have a negative impact, which could be material.
- Changes in United States or international economic conditions, including declines in the industries we serve, could adversely affect the profitability of any of our operations.
- Our results have been and could continue to be impacted by uncertainty in U.S. trade policy, including uncertainty surrounding changes in tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments.
- Significant movements in foreign currency exchange rates or change in monetary policy may harm our financial results.
- A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations.
- Failure to retain our existing senior management team or the inability to attract and retain qualified personnel could hurt our business and inhibit our ability to operate and grow successfully.
- The Company may be subject to risks relating to organizational changes.
- Political conditions in the U.S. and foreign countries in which we operate could adversely affect us.
- Increased information technology ("IT") security threats and more sophisticated and targeted cyber crime could pose a risk to our systems, networks, products, solutions and services.
- If our intellectual property protection is inadequate, others may be able to use our technologies and tradenames and thereby reduce our ability to compete, which could have a material adverse effect on us, our financial condition and results of operations.
- Our products could infringe on the intellectual property of others, which may cause us to engage in costly litigation and, if we are not successful, could cause us to pay substantial damages and prohibit us from selling our products.
- We continually assess the strategic fit of our existing businesses and may divest or otherwise dispose of businesses that are deemed not to fit with our strategic plan or are not achieving the desired return on investment, and we cannot be certain that our business, operating results and financial condition will not be materially and adversely affected.
- If we fail to develop new products or enhance existing products, or our customers do not accept the new or enhanced products we develop, our revenue and profitability could be adversely impacted.
- Our growth strategy includes acquisitions, and we may not be able to execute on our acquisition strategy or integrate acquisitions successfully.
- Any impairment in the value of our intangible assets, including goodwill, would negatively affect our operating results and total capitalization.
- Changes in United States and international tax law may have a material adverse effect on our business, financial condition and results of operations.
- We may be exposed to liabilities under the Foreign Corrupt Practices Act (FCPA), which could have a material adverse effect on our business.
- The level of returns on pension plan assets, changes in the actuarial assumptions used, and management of pension liabilities could adversely affect us.
- Our global operations are subject to increasingly complex environmental regulatory requirements.
- Our inability to comply with our existing credit facilities’ restrictive covenants or to access additional sources of capital could impede growth or the repayment or refinancing of existing indebtedness.
- Changes in interest rates could adversely affect us.
- The insurance that we maintain may not fully cover all potential exposures.
- Our business and operating results may be adversely affected by natural disasters or other catastrophic events beyond our control.
Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has approximately 7,200 employees with operations and support offices in over 35 countries.
- In December 2019, a novel strain of coronavirus (COVID-19) emerged and has since spread to other countries, including the United States. In March 2020, the World Health Organization declared COVID-19 as a pandemic (the COVID-19 pandemic). The COVID-19 pandemic, including multiple variants, has resulted in governments around the world implementing stringent measures to help control the spread of the virus, including quarantines, “shelter in place” and “stay at home” orders, travel restrictions, business interruptions and other measures.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
annuitization, billion, biopharma, commenced, decline, electronic, foreseeable, freight, inflationary, monthly, owed, Prudential, relieve, relieved, remeasured, robust, Russia, slightly, twelve, Ukraine
Removed:
alleging, assurance, Asymtek, barrel, California, Code, combined, consequential, County, court, Diego, doubtful, execution, February, filed, gateway, incidental, June, lawsuit, mediation, Ortiz, Plaintiff, purported, range, repayment, resolved, San, settle, Superior, timing, unpaid, unspecified, written
Financial reports
Current reports
8-K
Nordson Corporation Reports Strong Second Quarter Fiscal 2022 Results and Raises Annual Earnings Guidance
23 May 22
8-K
Departure of Directors or Certain Officers
11 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
7 Mar 22
8-K
Nordson Corporation Reports Fiscal Year 2022 First Quarter Results and Updates Annual Guidance
22 Feb 22
8-K/A
Departure of Directors or Certain Officers
2 Feb 22
8-K
Departure of Directors or Certain Officers
20 Jan 22
8-K
Nordson Corporation Reports Fiscal Year 2021 Fourth Quarter and Record Full Year Results
15 Dec 21
8-K
Nordson Corporation Reports Record Third Quarter Results and Raises Fiscal Year 2021 Guidance
30 Aug 21
8-K
Nordson Corporation Reports Record Second Quarter Results and Raises Fiscal Year 2021 Guidance
24 May 21
8-K
Departure of Directors or Certain Officers
22 Apr 21
Registration and prospectus
S-8
Registration of securities for employees
26 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
26 Mar 21
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Jun 18
S-8
Registration of securities for employees
1 Jun 18
S-8
Registration of securities for employees
30 May 13
S-8
Registration of securities for employees
8 Jun 10
S-8
Registration of securities for employees
29 Sep 04
S-8
Registration of securities for employees
31 Jan 94
Proxies
DEFA14A
Additional proxy soliciting materials
21 Jan 22
DEFA14A
Additional proxy soliciting materials
2 Feb 21
DEFA14A
Additional proxy soliciting materials
22 Jan 21
DEFA14A
Additional proxy soliciting materials
17 Jan 20
DEFA14A
Additional proxy soliciting materials
17 Jan 19
DEF 14A
Definitive proxy
18 Jan 18
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
28 Apr 16
CORRESP
Correspondence with SEC
19 Apr 16
UPLOAD
Letter from SEC
6 Apr 16
Ownership
11-K
Annual report of employee stock purchases
24 Jun 22
11-K
Annual report of employee stock purchases
24 Jun 22
4
NORDSON / Arthur L George Jr ownership change
31 May 22
4
NORDSON / John A DeFord ownership change
2 May 22
4
NORDSON / Stephen Lovass ownership change
1 Apr 22
4
NORDSON / Jeffrey A Pembroke ownership change
1 Apr 22
SC 13G/A
NORDSON / VANGUARD ownership change
9 Mar 22
SC 13G/A
NORDSON / VANGUARD ownership change
10 Feb 22
4
NORDSON / John A DeFord ownership change
1 Feb 22
SC 13G/A
NORDSON / BlackRock ownership change
31 Jan 22
Patents
Utility
Dispenser with Closed Loop Control
9 Jun 22
A system and method for controlling a needle motion of a material applicator are disclosed.
Utility
Hot Melt Adhesive Distribution System
9 Jun 22
A distribution system for storing and conveying a supply of material is described.
Utility
Die with a modular adjustment system and a modular adjustment system
7 Jun 22
An adjustment system coupled to a die, and a die including an adjustment system, includes first and second adjustment modules.
Utility
System and method for active adhesive recirculation control
31 May 22
A method for controlling a recirculation pump assembly is disclosed.
Utility
System and method for remote metering station sensor calibration and verification
31 May 22
Calibrating a plurality of fluid sensors of a remote metering system is disclosed.
Transcripts
2022 Q2
Earnings call transcript
24 May 22
2021 Q1
Earnings call transcript
23 Feb 22
2021 Q4
Earnings call transcript
16 Dec 21
2021 Q3
Earnings call transcript
31 Aug 21
2021 Q2
Earnings call transcript
25 May 21
2021 Q1
Earnings call transcript
23 Feb 21
2020 Q4
Earnings call transcript
16 Dec 20
2020 Q3
Earnings call transcript
20 Aug 20
2020 Q2
Earnings call transcript
21 May 20
2020 Q1
Earnings call transcript
20 Feb 20
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