NORDSON CORP

10-K & 10-Q Filings

Nordson Corporation is a precision technology company that engineers, manufactures, and markets differentiated products and systems used for precision dispensing, applying, and controlling of adhesives, coatings, polymers, sealants, biomaterials, and other fluids. The company operates in three business segments: Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions. Its products are used in various industries, including consumer durables, consumer non-durables, medical, electronics, and agriculture. Nordson has a global presence with manufacturing operations in the United States, the People's Republic of China, Germany, Ireland, Israel, Italy, Mexico, the Netherlands, and the United Kingdom. The company's website is investors.nordson.com, and its ticker symbol is NDSN. In 2023, the company acquired ARAG Group, a global market and innovation leader in precision agriculture spraying solutions.

12 mos ending Oct 31, 201212 mos ending Oct 31, 201312 mos ending Oct 31, 201412 mos ending Oct 31, 201512 mos ending Oct 31, 201612 mos ending Oct 31, 201712 mos ending Oct 31, 201812 mos ending Oct 31, 201912 mos ending Oct 31, 202012 mos ending Oct 31, 202112 mos ending Oct 31, 202212 mos ending Oct 31, 20233 mos ending Jan 31, 20233 mos ending Jan 31, 2024CAGR %YoY %Revenue (+)
$1409.58
1542.92
1704.02
1688.67
1808.99
2066.98
2254.67
2194.23
2121.10
2362.21
2590.28
2628.63
610.48
633.19
5.83%3.72%Cost of Revenue (-)
$584.25
676.78
758.92
774.70
815.50
927.98
1018.70
1002.12
990.63
1038.13
1163.74
1203.23
281.61
284.77
6.79%1.12%Gross Profit (+)
$825.33
866.14
945.10
913.96
993.50
1139.00
1235.97
1192.10
1130.47
1324.08
1426.54
1425.40
328.87
348.43
5.09%5.95%Selling, General & Administrative (-)
$485.29
541.17
577.99
584.82
594.29
678.86
741.41
708.99
693.55
708.95
724.18
752.64
184.65
188.99
4.07%2.35%Non-recurring Operating Expenses (-)
$2.52
1.13
11.41
10.78
2.44
87.37
Operating Expenses (-)
$487.81
542.29
577.99
596.23
605.07
681.30
741.41
708.99
780.92
708.95
724.18
752.64
184.65
188.99
4.02%2.35%Costs & Expenses (Total) (-)
$1074.10
1219.07
1336.92
1370.94
1420.56
1609.28
1760.11
1711.11
1771.56
1747.08
1887.92
1955.87
466.26
473.76
5.60%1.61%Operating Income/Loss (+)
$335.48
323.85
367.11
317.73
388.43
457.70
494.56
483.11
349.55
615.13
702.36
672.76
144.22
159.44
6.53%10.55%Non-operating Income/Expense (+)
$-9.23
-12.73
-14.59
-16.87
-19.94
-37.41
-46.04
-52.01
-48.06
-40.95
-53.08
-57.42
-13.14
-20.74
-57.82%Interest Expense (-)
$11.15
14.84
15.04
18.10
21.32
36.60
49.58
47.15
32.16
25.49
22.41
59.51
10.53
21.44
16.44%103.63%Earnings before Tax (+)
$326.25
311.12
352.51
300.86
368.49
420.29
448.52
431.10
301.49
574.18
649.28
615.34
131.08
138.70
5.94%5.81%Tax Expense (-)
$101.42
89.31
105.74
89.75
96.65
124.49
71.14
94.01
51.95
119.81
136.18
127.85
26.82
29.13
2.13%8.61%Income/Loss (Continuing Operations) (+)
$224.83
221.82
246.77
211.11
271.84
295.80
377.38
337.09
249.54
454.37
513.10
487.49
104.26
109.57
7.29%5.09%Net Income/Loss (+)
$224.83
221.82
246.77
211.11
271.84
295.80
377.38
337.09
249.54
454.37
513.10
487.49
104.26
109.57
7.29%5.09%Net Income/Loss (Common) (+)
$224.83
221.82
246.77
211.11
271.84
295.80
377.38
337.09
249.54
454.37
513.10
487.49
104.26
109.57
7.29%5.09%EPS (Basic)
$3.49
3.45
3.88
3.48
4.76
5.14
6.51
5.87
4.32
7.82
8.90
8.54
1.82
1.92
8.48%5.49%EPS (Diluted)
$3.45
3.42
3.84
3.45
4.73
5.08
6.40
5.79
4.27
7.74
8.81
8.46
1.81
1.90
8.50%4.97%Weighted Avg Shares (Basic)
64.41
64.21
63.66
60.65
57.06
57.53
57.97
57.46
57.76
58.09
57.63
57.09
57.17
57.06
-1.09%-0.19%Weighted Avg Shares (Diluted)
65.10
65.60
64.28
61.15
57.53
58.20
58.93
58.20
58.47
58.73
58.25
57.63
57.76
57.55
-1.10%-0.36%Cash
$41.24
42.38
42.31
50.27
67.24
90.38
95.68
151.16
208.29
299.97
163.46
115.68
121.99
136.20
9.83%11.65%Short-term Investments
$0.28
Receivables
$324.56
308.71
365.84
389.55
428.56
505.09
491.42
530.76
471.87
489.39
537.31
590.89
546.65
537.70
5.60%-1.64%Inventory
$169.59
198.40
210.87
225.67
220.36
264.27
264.48
283.40
277.03
327.19
383.40
454.77
447.73
451.22
9.38%0.78%Prepaid Expenses (Current)
$21.03
21.73
23.73
21.24
29.41
28.64
32.52
45.87
43.80
48.28
48.80
67.97
62.05
82.99
11.26%33.76%Other Assets (Current)
$29.93
29.35
29.93
24.86
19.61
Assets (Current)
$586.62
600.57
672.68
711.59
745.58
888.37
884.10
1011.20
1020.61
1164.84
1132.97
1229.31
1178.42
1208.11
6.96%2.52%Property, Plant & Equipment (Net)
$174.93
200.98
224.44
249.94
273.13
346.41
386.67
398.89
480.74
466.42
455.72
499.02
472.82
499.81
10.00%5.71%Goodwill & Intangibles
$1040.71
1208.28
1343.85
1359.80
1367.44
2136.39
2107.76
2060.31
2120.94
2070.51
2134.09
3456.95
2484.95
3471.57
11.53%39.70%Other Assets
$27.25
32.46
39.16
39.11
36.22
43.37
42.48
46.04
52.36
89.19
97.59
66.49
101.24
67.58
8.45%-33.25%Assets (Non-current)
$1242.89
1441.72
1607.45
1648.85
1676.79
2526.17
2536.91
2505.25
2654.04
2626.12
2687.40
4022.46
3059.01
4038.96
11.27%32.04%Assets (Total)
$1829.52
2042.29
2280.13
2360.44
2422.36
3414.54
3421.01
3516.45
3674.66
3790.96
3820.38
5251.77
4237.42
5247.08
10.06%23.83%Accounts Payable
$212.17
187.17
222.09
237.80
260.69
281.69
277.99
262.39
246.67
310.32
328.44
351.27
284.63
337.03
4.69%18.41%Debt (Current)
$110.62
19.96
122.04
28.83
44.68
331.40
33.29
168.74
44.03
39.99
397.44
120.58
425.83
121.61
0.79%-71.44%Other Liabilities (Current)
$20.89
28.34
26.74
24.14
26.18
34.65
39.00
46.49
72.39
95.09
108.32
110.24
115.00
93.04
16.32%-19.09%Liabilities (Current)
$343.68
235.47
370.87
290.78
331.54
647.75
350.28
477.63
363.09
445.39
834.20
582.09
825.46
551.68
4.91%-33.17%Debt (Non-current)
$538.99
648.27
693.89
1102.34
954.27
1266.09
1294.21
1075.40
1078.42
796.65
356.50
1633.06
606.24
1525.69
10.60%151.67%Other Liabilities
$277.07
270.69
310.58
307.31
284.95
345.21
325.78
382.37
487.30
389.78
335.29
438.56
359.04
445.74
4.26%24.15%Liabilities (Non-current)
$816.06
918.96
1004.47
1409.65
1239.22
1611.30
1619.99
1457.78
1565.72
1186.44
691.80
2071.62
965.28
1971.43
8.84%104.23%Liabilities (Total)
$1159.75
1154.43
1375.33
1700.43
1570.76
2259.05
1970.27
1935.40
1915.66
1631.83
1526.00
2653.71
1790.74
2523.11
7.82%40.90%Treasury Stock
$707.08
734.14
893.83
1273.77
1301.66
1299.71
1317.13
1430.09
1470.57
1527.65
1789.01
1875.20
1794.11
1880.67
9.27%4.82%Retained Earnings
$1181.24
1362.58
1560.97
1717.23
1932.63
2164.60
2488.38
2747.65
2908.74
3265.03
3652.22
3989.35
3719.28
4060.07
11.70%9.16%AOCI
$-104.23
-57.38
-103.20
-144.69
-168.25
-134.44
-179.31
-231.88
-226.12
-175.84
-207.78
-196.44
-131.54
-152.96
-16.28%Shareholder's Equity
$669.77
887.86
904.80
660.02
851.60
1155.49
1450.74
1581.05
1758.99
2159.13
2294.38
2598.06
2446.68
2723.97
13.12%11.33%Liabilities & Equity
$1829.52
2042.29
2280.13
2360.44
2422.36
3414.54
3421.01
3516.45
3674.66
3790.96
3820.38
5251.77
4237.42
5247.08
10.06%23.83%Net Income/Loss
$224.83
221.82
246.77
211.11
271.84
295.80
377.38
337.09
249.54
454.37
513.10
487.49
104.26
109.57
7.29%5.09%Depreciation & Amortization
$38.99
54.44
59.75
65.19
70.30
90.85
108.41
110.24
113.30
103.88
99.92
111.90
26.43
33.54
10.06%26.90%Increase/Decrease in Working Capital
$0.97
20.62
34.16
25.91
26.53
50.38
-32.24
84.54
-45.11
-29.01
107.31
3.57
58.37
-14.61
12.53%-125.04%Share-based Compensation
$10.37
11.76
17.41
15.26
18.21
20.17
21.55
18.09
12.86
22.76
30.75
22.71
6.24
4.66
7.39%-25.32%Adjustments to Reconcile Net Income
$49.57
46.56
41.38
50.84
59.31
53.87
127.26
45.80
252.88
91.56
0.03
153.79
19.08
62.78
10.84%229.13%Net Cash (Operating)
$274.40
268.38
288.15
261.95
331.16
349.67
504.64
382.89
502.42
545.93
513.13
641.28
123.34
172.36
8.02%39.74%Capital Expenditure
$466.49
220.82
230.52
138.53
102.20
877.96
139.92
76.29
192.11
38.14
222.76
1457.26
387.14
7.51
10.91%-98.06%Net Cash (Investing)
$-466.77
-220.54
-230.53
-138.53
-102.20
-877.96
-139.92
-76.29
-194.11
-33.17
-222.76
-1436.88
-387.14
-5.72
98.52%Increase/Decrease in Debt
$309.35
9.91
147.97
320.25
-135.28
596.93
-274.22
-67.84
-161.42
-296.04
-39.35
969.20
250.96
-108.68
10.94%-143.31%Increase/Decrease in Equity
$-83.52
-27.38
-159.42
-380.04
-22.04
7.66
-7.03
-96.23
-1.76
-29.19
-250.75
-68.33
1.93
7.05
264.75%Dividends Paid
$33.80
40.48
48.39
54.85
56.44
63.84
72.44
82.14
88.35
97.68
125.91
150.36
37.20
38.85
14.53%4.45%Net Cash (Financing)
$196.82
-52.43
-53.46
-110.98
-210.28
547.83
-353.69
-251.07
-251.53
-422.91
-416.01
750.51
215.69
-140.49
12.94%-165.13%Effect of Exchange Rate
$-0.61
5.73
-4.23
-4.48
-1.71
3.61
-5.74
-0.04
0.35
1.83
-10.88
-2.69
6.64
-5.62
-184.57%Increase/Decrease in Cash
$3.83
1.14
-0.06
7.95
16.97
23.14
5.29
55.49
57.13
91.68
-136.51
-47.78
-41.46
20.52
149.49%Cash (Beginning)
$37.41
41.24
42.38
42.31
50.27
67.24
90.38
95.68
151.16
208.29
299.97
163.46
163.46
115.68
14.35%-29.23%Cash (Ending)
$41.24
42.38
42.31
50.27
67.24
90.38
95.68
151.16
208.29
299.97
163.46
115.68
121.99
136.20
9.83%11.65%NOPAT
$231.19
230.89
256.99
222.95
286.55
322.13
416.11
377.76
289.31
486.77
555.05
532.98
114.71
125.95
7.89%9.80%Gross Margin %
58.55%
56.14%
55.46%
54.12%
54.92%
55.10%
54.82%
54.33%
53.30%
56.05%
55.07%
54.23%
53.87%
55.03%
Operating Margin %
23.80%
20.99%
21.54%
18.82%
21.47%
22.14%
21.93%
22.02%
16.48%
26.04%
27.12%
25.59%
23.62%
25.18%
NOPAT Margin %
16.40%
14.96%
15.08%
13.20%
15.84%
15.58%
18.46%
17.22%
13.64%
20.61%
21.43%
20.28%
18.79%
19.89%
Net Margin %
15.95%
14.38%
14.48%
12.50%
15.03%
14.31%
16.74%
15.36%
11.76%
19.23%
19.81%
18.55%
17.08%
17.30%
Tax Rate %
31.09%
28.70%
30.00%
29.83%
26.23%
29.62%
15.86%
21.81%
17.23%
20.87%
20.97%
20.78%
20.46%
21.00%
ROA
12.64%
11.31%
11.27%
9.45%
11.83%
9.43%
12.16%
10.74%
7.87%
12.84%
14.53%
10.15%
2.71%
2.40%
ROE
34.52%
26.01%
28.40%
33.78%
33.65%
27.88%
28.68%
23.89%
16.45%
22.54%
24.19%
20.51%
4.69%
4.62%
ROIC
14.92%
12.98%
13.01%
10.89%
13.57%
10.49%
13.51%
11.86%
8.71%
14.84%
16.62%
11.15%
3.07%
2.67%
Asset Turnover
0.77
0.76
0.75
0.72
0.75
0.61
0.66
0.62
0.58
0.62
0.68
0.50
0.14
0.12
Inventory Turnover
3.45
3.41
3.60
3.43
3.70
3.51
3.85
3.54
3.58
3.17
3.04
2.65
0.63
0.63
Equity Multiplier
2.73
2.30
2.52
3.58
2.84
2.96
2.36
2.22
2.09
1.76
1.67
2.02
1.73
1.93
Current Ratio
1.71
2.55
1.81
2.45
2.25
1.37
2.52
2.12
2.81
2.62
1.36
2.11
1.43
2.19
Quick Ratio
1.07
1.49
1.10
1.51
1.50
0.92
1.68
1.43
1.87
1.77
0.84
1.21
0.81
1.22
Debt/Equity Ratio
0.97
0.75
0.90
1.71
1.17
1.38
0.92
0.79
0.64
0.39
0.33
0.67
0.42
0.60
Working Capital/Sales
0.24
0.24
0.24
0.26
0.26
0.29
0.26
0.33
0.34
0.31
0.29
0.31
1.27
1.19
Dividend Payout Ratio %
14.62%
17.53%
18.83%
24.60%
19.69%
19.82%
17.41%
21.75%
30.54%
20.07%
22.69%
28.21%
32.43%
30.85%
Total Payout
$-192.03
57.96
59.84
114.64
213.76
-540.75
353.69
246.22
251.53
422.91
416.01
-750.51
-215.69
140.49
165.13%Payout Ratio %
-83.06%
25.10%
23.29%
51.42%
74.60%
-167.87%
85.00%
65.18%
86.94%
86.88%
74.95%
-140.81%
-188.03%
111.54%