Nordson Corp. Files 2024 10-K Report

TL;DR

Nordson's 2024 10-K is in! Full financials for FY24 out now.

AI Summary

Nordson Corp. filed its 2024 10-K report for the fiscal year ending October 31, 2024. The company, headquartered in Westlake, Ohio, operates in the General Industrial Machinery & Equipment sector. The filing covers financial data for the fiscal years 2022, 2023, and 2024, detailing changes in equity accounts such as common stock, additional paid-in capital, and retained earnings.

Why It Matters

This 10-K filing provides a comprehensive overview of Nordson Corp.'s financial performance and position for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual financial filing (10-K) for a publicly traded company, providing routine financial disclosures.

Key Numbers

• 2024 — Fiscal Year End (The report covers the fiscal year ending October 31, 2024.)
• 2023 — Previous Fiscal Year (Financial data for 2023 is included for comparison.)
• 2022 — Prior Fiscal Year (Financial data for 2022 is included for comparison.)

Key Players & Entities

• NORDSON CORP (company) — Filer of the 10-K
• 2024-10-31 (date) — Fiscal year end
• 28601 CLEMENS RD (address) — Company business and mailing address
• WESTLAKE (city) — Company headquarters city
• OH (state) — Company headquarters state
• 44145 (zip_code) — Company headquarters zip code
• 4408921580 (phone_number) — Company business phone number
• 20241218 (date) — Filing date

FAQ

Key Financial Figures

• $173 million — . Since 1989, we have donated more than $173 million to communities where we live and work.
• $169 million — al products and generated approximately $169 million in annual revenue in 2023. Established

Filing Documents

• ndsn-20241031.htm (10-K) — 2773KB
• nordsoncorporationinsidert.htm (EX-19) — 72KB
• ndsn-20241031xexx21.htm (EX-21) — 66KB
• ndsn-20241031xexx23.htm (EX-23) — 7KB
• ndsn-20241031xexx311.htm (EX-31.1) — 10KB
• ndsn-20241031xexx312.htm (EX-31.2) — 10KB
• ndsn-20241031xexx321.htm (EX-32.1) — 5KB
• ndsn-20241031xexx322.htm (EX-32.2) — 5KB
• ndsn-20241031_g1.jpg (GRAPHIC) — 145KB
• 0000072331-24-000177.txt ( ) — 16028KB
• ndsn-20241031.xsd (EX-101.SCH) — 89KB
• ndsn-20241031_cal.xml (EX-101.CAL) — 123KB
• ndsn-20241031_def.xml (EX-101.DEF) — 557KB
• ndsn-20241031_lab.xml (EX-101.LAB) — 1145KB
• ndsn-20241031_pre.xml (EX-101.PRE) — 860KB
• ndsn-20241031_htm.xml (XML) — 2997KB

Business

Business 4 General Description of Business 4 Corporate Purpose and Goals 4 Principal Products and Uses 5 Manufacturing, Raw Materials and Other Resources 6 Intellectual Property 7 Seasonal Variation in Business 7 Competitive Conditions 7 Compliance with Governmental Regulations 8 Human Capital Resources 9 Available Information 10 Item 1A.

Risk Factors

Risk Factors 10 Item 1B. Unresolved Staff Comments 18 Item 1C. Cybersecurity 18 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 21 Item 4. Mine Safety Disclosures 21 Information about Our Executive Officers 22 PART II 24 Item 5. Market for the Company's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 24 Market Information and Dividends 24 Performance Graph 24 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Critical Accounting Policies and Estimates 26 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 34 Consolidated Statements of Income 34 Consolidated Statements of Comprehensive Income 35 Consolidated Balance Sheets 36 Consolidated Statements of Shareholders' Equity 37 Consolidated Statements of Cash Flows 38

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 39 Management's Report on Internal Control Over Financial Reporting 69 Report of Independent Registered Public Accounting Firm - Internal Controls Opinion 70 Report of Independent Registered Public Accounting Firm - Financial Statement Opinion 71 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 73 Item 9A.

Controls and Procedures

Controls and Procedures 73 Item 9B. Other Information 73 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 73 Nordson Corporation 2 Table of Contents Table of Contents PART III 74 Item 10. Directors, Executive Officers and Corporate Governance 74 Item 11.

Executive Compensation

Executive Compensation 74 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 74 Equity Compensation Table 74 Item 13. Certain Relationships and Related Transactions, and Director Independence 75 Item 14. Principal Accountant Fees and Services 75 PART IV 76 Item 15. Exhibits and Financial Statement Schedule 76 (a) 1. Financial Statements 76 (a) 2. Financial Statement Schedule 76 (a) 3. Exhibits 76 Index to Exhibits 77 Item 16. Form 10-K Summary 80

Signatures

Signatures 81 Schedule II – Valuation and Qualifying Accounts and Reserves 83 Nordson Corporation 3 Table of Contents PART I NOTE REGARDING AMOUNTS AND FISCAL YEAR REFERENCES In this annual report, all amounts related to United States dollars and foreign currency and to the number of Nordson Corporation's common shares, except for per share earnings and dividend amounts, are expressed in thousands unless otherwise indicated. Unless the context otherwise indicates, all references to "we," "us," "our," or the "Company" mean Nordson Corporation. Unless otherwise noted, all references to years relate to our fiscal year ending October 31.

Business

Item 1. Business General Description of Business Nordson is an innovative precision technology company that leverages a scalable growth framework to deliver top tier growth with leading margins and returns. We engineer, manufacture and market differentiated products and systems used for precision dispensing, applying and controlling of adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces and various medical products such as: catheters, cannulas, medical balloons and medical tubing. These products are supported with extensive application expertise and direct global sales and service. We serve a wide variety of consumer non-durable, consumer durable and technology end markets including packaging, electronics, medical, appliances, energy, transportation, precision agriculture, building and construction, and general product assembly and finishing. Our strategy for long-term growth is based on solving customers' needs globally. We were incorporated in the State of Ohio in 1954 and are headquartered in Westlake, Ohio. Our products are marketed through a network of direct operations in more than 35 countries. Consistent with this global strategy, approximately 67 percent of our revenues were generated outside the United States in 2024. As of October 31, 2024, we had approximately 8,000 employees worldwide. Our principal manufacturing facilities are located in the United States, the People's Republic of China, Germany, Ireland, Israel, Italy, Mexico, the Netherlands and the United Kingdom. Corporate Purpose and Goals We strive to be a vital, self-renewing, worldwide organization that, within the framework of ethical behavior and enlightened citizenship, grows and produces wealth for our customers, employees, shareholders and communities. We operate for the purpose of creating balanced, long-term benefits for all of our constituencies. We focus on long-term growth and returns. Each

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View this 10-K filing on SEC EDGAR