Nordson Corporation (NDSN)

Nordson Corporation Reports Record Second Quarter Fiscal 2026 Results and Increases Full Year GuidanceMay 20, 2026 4:30 PM
Business Wire Second Quarter Highlights: Sales were a second quarter record of $741 million, an increase of 8% year-over-year Earnings per diluted share were $2.09, up 6% year-over-year Adjusted earnings per diluted share were $2.86, a second quarter record and up 18% year-over-year Continued strength in demand with backlog up 18% compared to prior year Increasing full year guidance for sales and earnings Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal second quarter ended April 30, 2026. Sales were a second quarter record of $741 million compared to the prior year’s second quarter sales of $683 million. The second quarter 2026 sales included an organic sales increase of 7% driven by growth in all segments, as well as a favorable currency translation impact of 3%. This sales result was slightly offset by the previously announced divestiture and the contribution of a small acquisition that was completed during the quarter. Net income was $117 million, or $2.09 of earnings per diluted share, compared to prior year’s second quarter net income of $112 million, or $1.97 of earnings per diluted share. Second quarter 2026 earnings included a one-time, non-cash settlement charge to annuitize about 30% of the U.S. pension obligation and a non-cash loss on minority investments recognized during the quarter. Excluding these items and acquisition-related amortization and costs, second quarter adjusted earnings per diluted share were a record $2.86, an 18% increase from the prior year adjusted earnings per diluted share of $2.42. EBITDA was also a second quarter record of $235 million, or 32% of sales, an increase of 8% compared to prior year EBITDA of $217 million, or 32% of sales. Commenting on the Company’s fiscal 2026 second quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “Our solid execution of the Ascend Strategy resulted in second quarter records for sales, adjusted earnings and EBITDA. Our free cash flow conversion also continues to be a strength, enabling a healthy mix of shareholder returns and reinvestment in growth. Thank you to our teams for delivering another strong quarter.” On March 16, 2026, the Company acquired CapstanAG Systems, a precision agriculture company in North America that is a complementary bolt-on to our existing footprint. This small, but strategic, acquisition provides the Company with an established and synergistic platform to grow its precision agriculture portfolio with mid-tier OEMs in North America. Second Quarter Segment Results Record second quarter Industrial Precision Solutions sales of $350 million increased 10% from the prior year, inclusive of an organic sales increase of 5%, favorable currency translation of 4%, and an acquisition contribution of 1%. The organic sales increase was driven by improving industrial coating and polymer processing systems demand, ongoing growth in precision agriculture end markets and stable demand in broader consumer and industrial end markets. EBITDA in the quarter was $124 million, or 35% of sales, up 9% from the prior year second quarter EBITDA of $114 million. Medical and Fluid Solutions sales of $213 million, also a second quarter record, increased 5% compared to the prior year second quarter. This increase was inclusive of an organic sales increase of 8% and a favorable currency impact of 1%. Sales growth was partially offset by 4% related to the previously divested medical contract manufacturing business. The organic sales increase was driven by growth in engineered fluid solutions and medical product lines. EBITDA in the quarter was $79 million, or 37% of sales, up 3% from the prior year second quarter EBITDA of $77 million. Record quarterly Advanced Technology Solutions sales of $178 million increased 10% compared to the prior year second quarter, inclusive of an organic sales increase of 8% and favorable currency translation of 2%. The organic sales increase was driven by ongoing growth in electronics dispense systems. EBITDA in the quarter was $48 million, or 27% of sales, up 22% from the prior year second quarter EBITDA of $40 million. Outlook The Company enters the third quarter with increased backlog, up 18% over the prior year. Order entry momentum was broad-based in the quarter across all segments. These trends position the Company to deliver third quarter fiscal 2026 sales in the range of $760 to $790 million. Third quarter adjusted earnings are forecasted to be in the range of $2.95 to $3.15 per diluted share. Based on the continuing momentum of our end markets as evidenced by our backlog and order entry, the Company is increasing its full year guidance. Sales are now expected to be in the range of $2,930 to $3,010 million and adjusted earnings to be in the range of $11.30 to $11.80 per diluted share. Reflecting on the full year outlook, Mr. Nagarajan said, “We delivered a strong first half of fiscal 2026, highlighted by record performance and ongoing momentum across our end markets. Supported by robust order entry and backlog, we expect this momentum to continue and are increasing our full year sales and earnings guidance. Our NBS Next growth framework, close-to-the-customer business model, and differentiated precision technologies position us well to compound profitable growth.” Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, May 21, 2026, at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com. Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or lara.mahoney@nordson.com. Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic and political conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions and the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements, including changes in tariffs by the U.S. or other nations; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflicts in Europe and the Middle East, acts of terror, natural disasters and pandemics and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release. Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serve 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 operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, linkedin/Nordson, or www.facebook.com/nordson. NORDSON CORPORATION SEGMENT INFORMATION (Unaudited) (Dollars in thousands)     Three Months Ended   Six Months Ended   April 30, 2026   April 30, 2025   April 30, 2026   April 30, 2025 SALES                               Industrial Precision Solutions $ 350,466         $ 318,847         $ 677,327         $ 619,295       Medical and Fluid Solutions   212,850           202,809           406,033           396,418       Advanced Technology Solutions   177,531           161,282           326,948           282,645       Total sales $ 740,847         $ 682,938         $ 1,410,308         $ 1,298,358                                       EBITDA                               Industrial Precision Solutions $ 123,578     35%   $ 113,548     36%   $ 233,889     35%   $ 226,324     37% Medical and Fluid Solutions   79,193     37%     76,538     38%     149,399     37%     140,870     36% Advanced Technology Solutions   48,327     27%     39,516     25%     80,927     25%     62,287     22% Corporate expenses   (15,911 )         (12,448 )         (26,038 )         (24,224 )     Total EBITDA (non-GAAP) (1) $ 235,187     32%   $ 217,154     32%   $ 438,177     31%   $ 405,257     31%                                 (1) Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures – net income to EBITDA. NORDSON CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Dollars in thousands except for per-share amounts)     Three Months Ended   Six Months Ended   April 30, 2026   April 30, 2025   April 30, 2026   April 30, 2025 Sales $ 740,847     $ 682,938     $ 1,410,308     $ 1,298,358   Cost of sales   336,770       309,034       640,109       588,558   Gross profit   404,077       373,904       770,199       709,800   Gross margin %   54.5 %     54.7 %     54.6 %     54.7 %                 Selling and administrative expenses   206,874       205,154       406,591       400,103   Operating profit   197,203       168,750       363,608       309,697                   Interest expense - net   (21,580 )     (26,019 )     (44,321 )     (51,637 ) Pension settlement charge   (24,049 )     —       (24,049 )     —   Other income (expense) - net   (10,400 )     (3,961 )     10,437       (2,435 ) Income before income taxes   141,174       138,770       305,675       255,625                   Income taxes   23,858       26,366       54,977       48,569                   Net income $ 117,316     $ 112,404     $ 250,698     $ 207,056                   Weighted-average common shares outstanding:               Basic   55,798       56,785       55,793       56,960   Diluted   56,100       57,038       56,113       57,265                   Earnings per share:               Basic earnings $ 2.10     $ 1.98     $ 4.49     $ 3.64   Diluted earnings $ 2.09     $ 1.97     $ 4.47     $ 3.62   NORDSON CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars in thousands)     April 30, 2026   October 31, 2025 Cash and cash equivalents $ 102,017   $ 108,442 Receivables - net   606,689       587,843   Inventories - net   467,757       444,814   Other current assets   100,893       101,752   Total current assets   1,277,356       1,242,851           Property, plant and equipment - net   521,390       516,914   Goodwill   3,332,927       3,304,685   Other assets   832,745       853,231     $ 5,964,418     $ 5,917,681           Notes payable and debt due within one year $ 50,000     $ 315,000   Accounts payable and accrued liabilities   441,875       443,260   Total current liabilities   491,875       758,260           Long-term debt   1,836,356       1,681,254   Other liabilities   433,952       434,596   Total shareholders' equity   3,202,235       3,043,571     $ 5,964,418     $ 5,917,681   NORDSON CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (Dollars in thousands)     Six Months Ended   April 30, 2026   April 30, 2025 Cash flows from operating activities:       Net income $ 250,698     $ 207,056   Depreciation and amortization   72,900       74,608   Pension settlement charge   24,049       —   Other non-cash items   (4,813 )     7,021   Changes in operating assets and liabilities and other   (21,733 )     (10,393 ) Net cash provided by operating activities   321,101       278,292           Cash flows from investing activities:       Additions to property, plant and equipment   (27,693 )     (37,439 ) Acquisition of business, net of cash acquired   (11,643 )     —   Other - net   (688 )     10,339   Net cash used in investing activities   (40,024 )     (27,100 )         Cash flows from financing activities:       Repayment of long-term debt   (107,105 )     (5,800 ) Repayment of finance lease obligations   (3,753 )     (2,627 ) Dividends paid   (91,642 )     (88,937 ) Issuance of common shares   43,008       2,803   Purchase of treasury shares   (129,303 )     (146,252 ) Net cash used in financing activities   (288,795 )     (240,813 )         Effect of exchange rate change on cash:   1,293       3,826   Net change in cash and cash equivalents   (6,425 )     14,205           Cash and cash equivalents:       Beginning of period   108,442       115,952   End of period $ 102,017     $ 130,157   NORDSON CORPORATION SALES BY GEOGRAPHIC SEGMENT (Unaudited) (Dollars in thousands)     Three Months Ended   Sales Variance   April 30, 2026   April 30, 2025   Organic   Acquisitions /
Divestitures   Currency   Total SALES BY SEGMENT                       Industrial Precision Solutions $ 350,466   $ 318,847   5.0 %   0.8 %   4.1 %   9.9 % Medical and Fluid Solutions   212,850       202,809     7.8 %   (3.9 )%   1.1 %   5.0 % Advanced Technology Solutions   177,531       161,282     8.5 %   — %   1.6 %   10.1 % Total sales $ 740,847     $ 682,938     6.6 %   (0.8 )%   2.7 %   8.5 %                         SALES BY GEOGRAPHIC REGION                       Americas $ 308,253     $ 292,463     5.9 %   (1.7 )%   1.2 %   5.4 % Europe   194,459       172,496     6.4 %   (0.3 )%   6.6 %   12.7 % Asia Pacific   238,135       217,979     7.8 %   (0.1 )%   1.5 %   9.2 % Total sales $ 740,847     $ 682,938     6.6 %   (0.8 )%   2.7 %   8.5 %                                                   Six Months Ended   Sales Variance   April 30, 2026   April 30, 2025   Organic   Acquisitions / Divestitures   Currency   Total SALES BY SEGMENT                       Industrial Precision Solutions $ 677,327     $ 619,295     4.1 %   0.4 %   4.9 %   9.4 % Medical and Fluid Solutions   406,033       396,418     5.3 %   (4.2 )%   1.3 %   2.4 % Advanced Technology Solutions   326,948       282,645     13.8 %   — %   1.9 %   15.7 % Total sales $ 1,410,308     $ 1,298,358     6.6 %   (1.1 )%   3.1 %   8.6 %                         SALES BY GEOGRAPHIC REGION                       Americas $ 570,183     $ 560,300     2.9 %   (2.2 )%   1.1 %   1.8 % Europe   376,920       340,259     3.0 %   (0.2 )%   8.0 %   10.8 % Asia Pacific   463,205       397,799     14.8 %   (0.1 )%   1.7 %   16.4 % Total sales $ 1,410,308     $ 1,298,358     6.6 %   (1.1 )%   3.1 %   8.6 % NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited) (Dollars in thousands)     Three Months Ended   Six Months Ended   April 30, 2026   April 30, 2025   April 30, 2026   April 30, 2025 Net income $ 117,316   $ 112,404   $ 250,698     $ 207,056 Income taxes   23,858       26,366       54,977       48,569   Interest expense - net   21,580       26,019       44,321       51,637   Pension settlement charge   24,049       —       24,049       —   Other expense (income) - net   10,400       3,961       (10,437 )     2,435   Inventory step-up amortization (1)   1,135       —       1,135       3,135   Severance and other (1)   —       10,313       —       16,274   Acquisition-related costs (1)   534       513       534       1,543   Adjusted operating profit   198,872       179,576       365,277       330,649   Depreciation and amortization   36,315       37,578       72,900       74,608   EBITDA (non-GAAP) (2) $ 235,187     $ 217,154     $ 438,177     $ 405,257   (1) Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions. (2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as non-recurring cost reduction actions, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited) (Dollars in thousands)     Three Months Ended   Six Months Ended   April 30, 2026   April 30, 2025   April 30, 2026   April 30, 2025 GAAP AS REPORTED               Net income $ 117,316   $ 112,404   $ 250,698     $ 207,056 Diluted earnings per share $ 2.09     $ 1.97     $ 4.47     $ 3.62                   Shares outstanding - diluted   56,100       57,038       56,113       57,265                   ADJUSTMENTS               Inventory step-up amortization (1) $ 1,135     $ —     $ 1,135     $ 3,135   Acquisition costs (1)   534       513       534       1,543   Severance and other (1)   —       10,313       —       16,274   Acquisition amortization of intangibles   19,406       19,696       38,975       39,007   Entity liquidation   —       988       —       988   Non-cash loss (gain) on minority investments (2)   9,827       —       (12,411 )     —   Pension settlement charge   24,049       —       24,049       —   Total adjustments $ 54,951     $ 31,510     $ 52,282     $ 60,947                   Adjustments net of tax $ 43,342     $ 25,523     $ 42,711     $ 49,367   EPS effect of adjustments $ 0.77     $ 0.45     $ 0.76     $ 0.86                   NON-GAAP               Adjusted net income (3) $ 160,658     $ 137,927     $ 293,409     $ 256,423   Adjusted earnings per share (4) $ 2.86     $ 2.42     $ 5.23     $ 4.48   (1) Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions. (2) Represents non-cash loss (gain) on minority investments accounted for at fair value. (3) Adjusted net income is a non-GAAP measure defined as net income plus tax effected adjustments and other discrete tax items. (4) Adjusted earnings per share is a non-GAAP measure defined as GAAP EPS adjusted for tax effected adjustments and other discrete tax items. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited) (Dollars in thousands)     Year to Date   April 30, 2026   January 31, 2026 Net cash provided by operating activities $ 321,101     $ 140,428   Additions to property, plant and equipment   (27,693 )     (17,513 ) Free cash flow (1) $ 293,408     $ 122,915           Free cash flow - quarter to date (1) $ 170,493               Net income $ 250,698     $ 133,382   Non-cash loss (gain) on minority investments and pension charge - after-tax   9,383       (16,679 ) Net income excluding non-cash loss (gain) on minority investments and pension loss (2) $ 260,081     $ 116,703   Free cash flow conversion (3)   113 %     105 %         Net income excluding non-cash loss (gain) on minority investments and pension charge - quarter to date (2) $ 143,378       Free cash flow conversion - quarter to date (2)   119 %               Year to Date   April 30, 2025   January 31, 2025 Net cash provided by operating activities $ 278,292     $ 159,122   Additions to property, plant and equipment   (37,439 )     (21,399 ) Free cash flow (1) $ 240,853     $ 137,723           Free cash flow - quarter to date (1) $ 103,130               Net income $ 207,056     $ 94,652   Free cash flow conversion (3)   116 %     146 %         Net income - quarter to date (2) $ 112,404       Free cash flow conversion - quarter to date (2)   92 %     (1) Free cash flow is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Net cash provided by operating activities minus Additions to property, plant and equipment. (2) Net income excluding non-cash loss (gain) on minority investments and pension charge is a non-GAAP measure used by management as an input to the calculation of Free cash flow conversion and is defined as Net income excluding non-cash losses (gains) on minority investments and pension settlement charge. (3) Free cash flow conversion is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Free cash flow divided by Net income excluding non-cash losses (gains) on minority investments and pension settlement charge. Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS, EBITDA, free cash flow, and free cash flow conversion, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520739745/en/ Lara Mahoney
Vice President
Investor Relations & Corporate Communications
440.204.9985
Lara.Mahoney@nordson.com Original: Nordson Corporation Reports Record Second Quarter Fiscal 2026 Results and Increases Full Year Guidance

Nordson Electronics Solutions Wins the EM China Innovation Award for Best Supplier of the YearApril 12, 2026 11:20 AM
Business Wire

Customers recognized Nordson Electronics Solutions for contributions to innovation, supply chain resilience, and sustainability performance



Nordson Electronics Solutions, a global leader in reliable electronics manufacturing technologies, was honored to accept the 2025 EM Asia Best Supplier of the Year award at the 21st EM Asia Innovation Awards ceremony held March 27 during Productronica Shanghai at the Shanghai New International Expo Center. The event was organized by the Messe Muenchen Shanghai.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260412869907/en/Nordson Electronics Solutions was honored to accept the 2025 EM Asia Best Supplier of the Year award at the 21st EM Asia Innovation Awards ceremony March 27, held during Productronica Shanghai at the Shanghai New International Expo Center. The event was organized by the Messe Muenchen Shanghai.
Jacky He, commercial lead, Nordson Electronics Solutions, accepted the award on behalf of the company. He stated, “This recognition reinforces our commitment to deliver meaningful value to our customers and to push the boundaries of manufacturing innovation. We thank our Nordson Electronics Solutions team who are dedicated to achieving the best results for our customers.”


Nordson Electronics Solutions supplies automated fluid dispensers, conformal coating systems, selective soldering machines, and plasma surface treatment equipment to a wide range of electronics and semiconductor manufacturers in Asia.


Established in 2006, the EM Asia Innovation Awards program strives to recognize and celebrate excellence in the electronics industry, inspiring companies to achieve the highest standards and push the industry forward. All awards are based on strict criteria, including innovativeness, cost effectiveness, speed / throughput improvement, quality contribution, ease of use maintainability and repairability and technological advancement.


About Nordson Electronics Solutions


Nordson Electronics Solutions makes reliable electronics a reality. Through our ASYMTEK, MARCH, and SELECT brands, we supply the world's semiconductor, electronics, and precision assembly manufacturers with the innovative fluid dispensing, conformal coating, plasma treatment, and selective soldering solutions their products need to protect sensitive electronics and deliver a lifespan of reliability. Day after day, year after year, across the globe, for over 40 years, we've provided engineering and applications excellence to help our customers succeed.


About Nordson Corporation


Nordson Corporation (NASDAQ: NDSN) is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization 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 operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260412869907/en/
MAIN OFFICE:

Roberta Foster-Smith

Nordson Electronics Solutions

2762 Loker Ave West

Carlsbad, CA, USA 92010

Tel: +1.760.431.1919

Email: roberta.foster-smith@nordson.com


IN CHINA:

Izzie Liu

Nordson Electronics Solutions – China

# 137 Guoshoujing Road

Zhangjiang Hi-Tech Park

Pudong, Shanghai China 201203

Tel: +86.21.3866.9166

Email: Izzie.liu@nordson.com


Original: Nordson Electronics Solutions Wins the EM China Innovation Award for Best Supplier of the Year

Nordson Corporation Reports Record First Quarter Fiscal 2026 Results and Increases Full Year GuidanceFebruary 18, 2026 4:30 PM
Business Wire
First Quarter Highlights:



Sales were a first quarter record of $669 million, an increase of 9% year-over-year



Earnings per diluted share were $2.38, up 44% year-over-year



Adjusted earnings per diluted share were $2.37, a first quarter record and up 15% year-over-year



Backlog grew approximately 4% year-over-year



Increasing full year guidance for sales and earnings



Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal first quarter ended January 31, 2026. Sales were a first quarter record of $669 million compared to the prior year’s first quarter sales of $615 million. The first quarter 2026 sales included an organic sales increase of 7% and a favorable currency translation impact of 4%, which was slightly offset by the medical contract manufacturing divestiture completed in the fourth quarter of last year.


Net income was $133 million, or $2.38 of earnings per diluted share, compared to prior year’s first quarter net income of $95 million, or $1.65 of earnings per diluted share. First quarter 2026 earnings benefited from a non-cash gain on a minority technology investment recognized during the quarter. Excluding the non-cash gain and acquisition-related amortization, first quarter adjusted earnings per diluted share were a record $2.37, a 15% increase from the prior year adjusted earnings per diluted share of $2.06.


EBITDA was also a first quarter record of $203 million or 30% of sales, an increase of 8% compared to prior year EBITDA of $188 million, or 31% of sales.


Commenting on the Company’s fiscal 2026 first quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “Our proprietary technology portfolio, close to the customer business model and Ascend strategy have positioned us well to win in our inflecting end markets, particularly in the semiconductor space. We delivered organic growth in all our segments, as well as solid margin and cash flow. This strong first quarter performance has set the stage well for fiscal 2026.”


First Quarter Segment Results


Industrial Precision Solutions sales of $327 million increased 9% from the prior year, inclusive of an organic sales increase of 3% and favorable currency translation of 6%. The organic sales increase was driven by balanced growth across most product lines, with particular strength in Asia Pacific markets. EBITDA in the quarter was $110 million, or 34% of sales, compared to prior year first quarter EBITDA of $113 million.


Medical and Fluid Solutions sales of $193 million were flat compared to the prior year first quarter, inclusive of an organic sales increase of 3% and a favorable currency impact of 1%, which was offset by 4% related to the previously divested medical contract manufacturing business. The organic sales increase was driven by growth in engineered fluid solution product lines. EBITDA in the quarter was $70 million, or 36% of sales, up 9% versus the prior year first quarter EBITDA of $64 million.


Advanced Technology Solutions sales of $149 million increased 23% compared to the prior year first quarter, inclusive of an organic sales increase of 21% and favorable currency translation of 2%. The organic sales increase compared to prior year was driven by ongoing growth in electronics dispense systems and recovering demand for x-ray systems. EBITDA in the quarter was $33 million, or 22% of sales, up 43% from the prior year first quarter EBITDA of $23 million.


Outlook


The Company enters the second quarter with increased backlog, up approximately 4% over the prior year. Order entry momentum was broad-based in the quarter with particular strength in our ATS segment. These trends position the Company to deliver second quarter fiscal 2026 sales in the range of $710 to $740 million. Second quarter adjusted earnings are forecasted to be in the range of $2.70 to $2.90 per diluted share.


Based on the strong start to the year, the second quarter outlook and the current foreign exchange rate environment, the Company is increasing its full year guidance. Sales are now expected to be in the range of $2,860 to $2,980 million and adjusted earnings to be in the range of $11.00 to $11.60 per diluted share.


Reflecting on the full year outlook, Mr. Nagarajan said, “At the start of the year, we indicated that several of our key end markets had begun to inflect, and I am proud of our teams for delivering such a strong first quarter. We have growing confidence in our full year based on strengthening backlog and order entry, which is reflected in our increased annual guidance range. We remain focused on serving our customers and returning value to our shareholders.”


Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, February 19, 2026, at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com. Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or lara.mahoney@nordson.com.


Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic and political conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions and the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements, including changes in tariffs by the U.S. or other nations; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflicts in Europe and the Middle East, acts of terror, natural disasters and pandemics and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release.


Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serve 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 operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, linkedin/Nordson, or www.facebook.com/nordson.




 




NORDSON CORPORATION




SEGMENT INFORMATION (Unaudited)




(Dollars in thousands)




 








 






Three Months Ended








 






January 31, 2026






 






January 31, 2025








SALES






 






 






 






 






 






 






 








Industrial Precision Solutions






$






326,861






 






 






 






 






$






300,448






 






 






 








Medical and Fluid Solutions






 






193,183






 






 






 






 






 






193,609






 






 






 








Advanced Technology Solutions






 






149,417






 






 






 






 






 






121,363






 






 






 








Total sales






$






669,461






 






 






 






 






$






615,420






 






 






 








 






 






 






 






 






 






 






 








EBITDA






 






 






 






 






 






 






 








Industrial Precision Solutions






$






110,311






 






 






34






%






 






$






112,776






 






 






38






%








Medical and Fluid Solutions






 






70,206






 






 






36






%






 






 






64,332






 






 






33






%








Advanced Technology Solutions






 






32,600






 






 






22






%






 






 






22,771






 






 






19






%








Corporate expenses






 






(10,127






)






 






 






 






 






(11,776






)






 






 








Total EBITDA (non-GAAP) (1)






$






202,990






 






 






30






%






 






$






188,103






 






 






31






%









(1)






Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures – net income to EBITDA.









 




NORDSON CORPORATION




CONSOLIDATED STATEMENTS OF INCOME (Unaudited)




(Dollars in thousands except for per-share amounts)




 








 






Three Months Ended








 






January 31, 2026






 






January 31, 2025








Sales






$






669,461






 






 






$






615,420






 








Cost of sales






 






303,339






 






 






 






279,524






 








Gross profit






 






366,122






 






 






 






335,896






 








Gross margin %






 






54.7






%






 






 






54.6






%








 






 






 






 








Selling and administrative expenses






 






199,717






 






 






 






194,949






 








Operating profit






 






166,405






 






 






 






140,947






 








 






 






 






 








Interest expense — net






 






(22,741






)






 






 






(25,618






)








Other income — net






 






20,837






 






 






 






1,526






 








Income before income taxes






 






164,501






 






 






 






116,855






 








 






 






 






 








Income taxes






 






31,119






 






 






 






22,203






 








 






 






 






 








Net income






$






133,382






 






 






$






94,652






 








 






 






 






 








Weighted-average common shares outstanding:






 






 






 








Basic






 






55,789






 






 






 






57,129






 








Diluted






 






56,127






 






 






 






57,486






 








 






 






 






 








Earnings per share:






 






 






 








Basic earnings






$






2.39






 






 






$






1.66






 








Diluted earnings






$






2.38






 






 






$






1.65






 









 




NORDSON CORPORATION




CONSOLIDATED BALANCE SHEETS (Unaudited)




(Dollars in thousands)




 








 






January 31, 2026






 






October 31, 2025








Cash and cash equivalents






$






120,392







 






$






108,442









Receivables — net






 






571,583






 






 






 






587,843






 








Inventories — net






 






451,138






 






 






 






444,814






 








Other current assets






 






108,558






 






 






 






101,752






 








Total current assets






 






1,251,671






 






 






 






1,242,851






 








 






 






 






 








Property, plant and equipment - net






 






521,508






 






 






 






516,914






 








Goodwill






 






3,332,244






 






 






 






3,304,685






 








Other assets






 






855,499






 






 






 






853,231






 








 






$






5,960,922






 






 






$






5,917,681






 








 






 






 






 








Notes payable and debt due within one year






$






54,312






 






 






$






315,000






 








Accounts payable and accrued liabilities






 






405,737






 






 






 






443,260






 








Total current liabilities






 






460,049






 






 






 






758,260






 








 






 






 






 








Long-term debt






 






1,943,182






 






 






 






1,681,254






 








Other liabilities






 






445,585






 






 






 






434,596






 








Total shareholders' equity






 






3,112,106






 






 






 






3,043,571






 








 






$






5,960,922






 






 






$






5,917,681






 








 






 






 






 









 




NORDSON CORPORATION




CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)




(Dollars in thousands)




 








 






Three Months Ended








 






January 31, 2026






 






January 31, 2025








Cash flows from operating activities:






 






 






 








Net income






$






133,382






 






 






$






94,652






 








Depreciation and amortization






 






36,585






 






 






 






37,031






 








Other non-cash items






 






(11,675






)






 






 






3,160






 








Changes in operating assets and liabilities and other






 






(17,864






)






 






 






24,279






 








Net cash provided by operating activities






 






140,428






 






 






 






159,122






 








 






 






 






 








Cash flows from investing activities:






 






 






 








Additions to property, plant and equipment






 






(17,513






)






 






 






(21,399






)








Other — net






 






(158






)






 






 






7,123






 








Net cash used in investing activities






 






(17,671






)






 






 






(14,276






)








 






 






 






 








Cash flows from financing activities:






 






 






 








Issuance (repayment) of long-term debt






 






2,367






 






 






 






(22,563






)








Repayment of finance lease obligations






 






(1,616






)






 






 






(1,320






)








Dividends paid






 






(45,786






)






 






 






(44,602






)








Issuance of common shares






 






18,795






 






 






 






1,001






 








Purchase of treasury shares






 






(86,001






)






 






 






(60,098






)








Net cash used in financing activities






 






(112,241






)






 






 






(127,582






)








 






 






 






 








Effect of exchange rate change on cash:






 






1,434






 






 






 






(2,792






)








Net change in cash and cash equivalents






 






11,950






 






 






 






14,472






 








 






 






 






 








Cash and cash equivalents:






 






 






 








Beginning of period






 






108,442






 






 






 






115,952






 








End of period






$






120,392






 






 






$






130,424






 








 






 






 






 









 




NORDSON CORPORATION




SALES BY GEOGRAPHIC SEGMENT (Unaudited)




(Dollars in thousands)




 








 






Three Months Ended






 






Sales Variance








 






January 31,




2026






 






January 31,




2025






 






Organic






 






Acquisitions /




Divestitures






 






Currency






 






Total








SALES BY SEGMENT






 






 






 






 






 






 






 






 






 






 






 








Industrial Precision Solutions






$






326,861







 






$






300,448







 






3.2






%






 






—






%






 






5.6






%






 






8.8






%








Medical and Fluid Solutions






 






193,183






 






 






 






193,609






 






 






2.7






%






 






(4.3






)%






 






1.4






%






 






(0.2






)%








Advanced Technology Solutions






 






149,417






 






 






 






121,363






 






 






20.7






%






 






—






%






 






2.4






%






 






23.1






%








Total sales






$






669,461






 






 






$






615,420






 






 






6.5






%






 






(1.4






)%






 






3.7






%






 






8.8






%








 






 






 






 






 






 






 






 






 






 






 






 








SALES BY GEOGRAPHIC REGION






 






 






 






 






 






 






 






 






 






 






 








Americas






$






261,930






 






 






$






267,836






 






 






(0.4






)%






 






(2.9






)%






 






1.1






%






 






(2.2






)%








Europe






 






182,461






 






 






 






167,762






 






 






(0.3






)%






 






(0.2






)%






 






9.3






%






 






8.8






%








Asia Pacific






 






225,070






 






 






 






179,822






 






 






23.2






%






 






—






%






 






2.0






%






 






25.2






%








Total sales






$






669,461






 






 






$






615,420






 






 






6.5






%






 






(1.4






)%






 






3.7






%






 






8.8






%









 




NORDSON CORPORATION




RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited)




(Dollars in thousands)




 








 






Three Months Ended








 






January 31, 2026






 






January 31, 2025








Net income






$






133,382






 






 






$






94,652






 








Income taxes






 






31,119






 






 






 






22,203






 








Interest expense — net






 






22,741






 






 






 






25,618






 








Other income — net






 






(20,837






)






 






 






(1,526






)








Inventory step-up amortization (1)






 






—






 






 






 






3,135






 








Severance and other (1)






 






—






 






 






 






5,961






 








Acquisition-related costs (1)






 






—






 






 






 






1,030






 








Adjusted operating profit






 






166,405






 






 






 






151,073






 








Depreciation and amortization






 






36,585






 






 






 






37,030






 








EBITDA (non-GAAP) (2)






$






202,990






 






 






$






188,103






 









(1)






Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions.








(2)






EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as non-recurring cost reduction actions, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization.









 




NORDSON CORPORATION




RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited)




(Dollars in thousands)




 








 






Three Months Ended








 






January 31, 2026






 






January 31, 2025








GAAP AS REPORTED






 






 






 








Net income






$






133,382






 






 






$






94,652









Diluted earnings per share






$






2.38






 






 






$






1.65






 








 






 






 






 








Shares outstanding — diluted






 






56,127






 






 






 






57,486






 








 






 






 






 








ADJUSTMENTS






 






 






 








Inventory step-up amortization (1)






$






—






 






 






$






3,135






 








Acquisition costs (1)






 






—






 






 






 






1,030






 








Severance and other (1)






 






—






 






 






 






5,961






 








Acquisition amortization of intangibles






 






19,569






 






 






 






19,311






 








Non-cash gain on minority investment (2)






 






(22,238






)






 






 






—






 








Total adjustments






$






(2,669






)






 






$






29,437






 








 






 






 






 








Adjustments net of tax






$






(632






)






 






$






23,844






 








EPS effect of adjustments






$






(0.01






)






 






$






0.41






 








 






 






 






 








NON-GAAP






 






 






 








Adjusted net income (3)






 






132,750






 






 






$






118,496






 








Adjusted earnings per share (4)






$






2.37






 






 






$






2.06






 









(1)






Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions.








(2)






Represents non-cash gain on minority investment accounted for at fair value.








(3)






Adjusted net income is a non-GAAP measure defined as net income plus tax effected adjustments and other discrete tax items.








(4)






Adjusted earnings per share is a non-GAAP measure defined as GAAP EPS adjusted for tax effected adjustments and other discrete tax items.









 




NORDSON CORPORATION




RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited)




(Dollars in thousands)




 








 






Year to Date








 






January 31, 2026






 






January 31, 2025








Net cash provided by operating activities






$






140,428






 






 






$






159,122






 








Additions to property, plant and equipment






 






(17,513






)






 






 






(21,399






)








Free cash flow — year to date (1)






$






122,915






 






 






$






137,723






 








 






 






 






 








Net income — year to date






$






133,382






 






 






$






94,652






 








Non-cash gain on minority investment — after-tax






 






(16,679






)






 






 






—






 








Net income excluding non-cash gain on minority investment — year to date (2)






$






116,703






 






 






$






94,652






 








Free cash flow conversion — year to date (3)






 






105






%






 






 






146






%









(1)






Free cash flow is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Net cash provided by operating activities minus Additions to property, plant and equipment.








(2)






Net income excluding non-cash gain on minority investment is a non-GAAP measure used by management as an input to the calculation of Free cash flow conversion and is defined as Net income excluding non-cash gains/losses on minority investment.








(3)






Free cash flow conversion is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Free cash flow divided by Net income excluding non-cash gain on minority investment.









Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS and EBITDA, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218403558/en/
Lara Mahoney

Vice President

Investor Relations & Corporate Communications

440.204.9985

Lara.Mahoney@nordson.com


Original: Nordson Corporation Reports Record First Quarter Fiscal 2026 Results and Increases Full Year Guidance