Nordson Corp. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Nordson Corp. (NDSN) has filed its Q1 2024 10-Q, detailing financial positions as of January 31, 2024.</b>

AI Summary

NORDSON CORP (NDSN) filed a Quarterly Report (10-Q) with the SEC on February 22, 2024. Nordson Corp. filed its 10-Q report for the period ending January 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on October 31st. The report includes financial data for periods ending January 31, 2024, October 31, 2023, and January 31, 2023. Key financial statement elements like common stock, additional paid-in capital, retained earnings, and treasury stock are detailed for various periods.

Why It Matters

For investors and stakeholders tracking NORDSON CORP, this filing contains several important signals. This 10-Q provides investors with the latest quarterly financial snapshot of Nordson Corp., crucial for understanding recent performance and financial health. The detailed breakdown of equity accounts and comparative periods allows for analysis of financial trends and changes in the company's capital structure.

Risk Assessment

Risk Level: low — NORDSON CORP shows low risk based on this filing. The filing is a standard 10-Q, which is a routine disclosure for publicly traded companies and does not contain immediate, significant new risks.

Analyst Insight

Monitor Nordson Corp.'s subsequent filings for detailed financial performance metrics and management commentary on the reported period.

Key Numbers

• 2024-01-31 — Period End Date (Conformed period of report)
• 2024-02-22 — Filing Date (Filed as of date)
• 2024 — Fiscal Year (Fiscal year for the filing)
• Q1 — Quarter (Filing quarter)

Key Players & Entities

• NORDSON CORP (company) — Filer name
• NDSN (company) — Ticker symbol
• 2024-01-31 (date) — Conformed period of report
• 2024-02-22 (date) — Filed as of date
• 28601 CLEMENS RD (address) — Business address street 1
• WESTLAKE (location) — Business address city
• OH (location) — Business address state
• 44145 (postal_code) — Business address zip

FAQ

Industry Context

Nordson Corp. operates in the industrial machinery and equipment sector, focusing on precision dispensing equipment, testing and inspection solutions, and related technologies.

Regulatory Implications

This filing is a standard 10-Q, a quarterly report required by the SEC for publicly traded companies to provide updates on their financial condition.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and footnotes.
2. Analyze any management discussion and analysis (MD&A) sections for insights into performance drivers.
3. Compare the reported figures to previous quarters and the same quarter in the prior year.

Key Dates

• 2024-01-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-02-22: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, providing an update from the previous fiscal year's annual report (10-K) and prior quarterly filings.

Filing Documents

• ndsn-20240131.htm (10-Q) — 964KB
• ndsn-20240131xex311.htm (EX-31.1) — 10KB
• ndsn-20240131xex312.htm (EX-31.2) — 9KB
• ndsn-20240131xex321.htm (EX-32.1) — 5KB
• ndsn-20240131xex322.htm (EX-32.2) — 5KB
• 0000072331-24-000041.txt (&nbsp;) — 7036KB
• ndsn-20240131.xsd (EX-101.SCH) — 49KB
• ndsn-20240131_cal.xml (EX-101.CAL) — 62KB
• ndsn-20240131_def.xml (EX-101.DEF) — 279KB
• ndsn-20240131_lab.xml (EX-101.LAB) — 743KB
• ndsn-20240131_pre.xml (EX-101.PRE) — 488KB
• ndsn-20240131_htm.xml (XML) — 1057KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 3

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) 3 Condensed Consolidated Statements of Income 3 Consolidated Statements of Comprehensive Income 4 Consolidated Balance Sheets 5 Consolidated Statements of Shareholders' Equity 6 Condensed Consolidated Statements of Cash Flows 7 Notes to Condensed Consolidated Financial Statements 8

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 21 Overview 21 Critical Accounting Policies and Estimates 21 Results of Operations 21 Financial Condition 23

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 24

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 24

– OTHER INFORMATION

PART II – OTHER INFORMATION 25

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 25

RISK FACTORS

ITEM 1A. RISK FACTORS 25

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 25

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 25

EXHIBITS

ITEM 6. EXHIBITS 26 SIGNATURE 27 Page 2 Table of Contents Nordson Corporation

– FINANCIAL INFORMATION

Part I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED) Condensed Consolidated Statements of Income Three Months Ended (In thousands, except for per share data) January 31, 2024 January 31, 2023 Sales $ 633,193 $ 610,477 Operating costs and expenses: Cost of sales 284,766 281,610 Selling and administrative expenses 188,992 184,648 473,758 466,258 Operating profit 159,435 144,219 Other income (expense): Interest expense ( 21,442 ) ( 10,530 ) Interest and investment income 1,044 587 Other income (expense)- net ( 338 ) ( 3,196 ) ( 20,736 ) ( 13,139 ) Income before income taxes 138,699 131,080 Income taxes 29,127 26,819 Net income $ 109,572 $ 104,261 Average common shares 57,064 57,170 Incremental common shares attributable to equity compensation 491 592 Average common shares and common share equivalents 57,555 57,762 Basic earnings per share $ 1.92 $ 1.82 Diluted earnings per share $ 1.90 $ 1.81 See accompanying notes. Page 3 Table of Contents Nordson Corporation Consolidated Statements of Comprehensive Income Three Months Ended (In thousands) January 31, 2024 January 31, 2023 Net income $ 109,572 $ 104,261 Components of other comprehensive income (loss): Foreign currency translation adjustments 43,943 76,821 Pension and other postretirement plan adjustments, net of tax ( 459 ) ( 576 ) Total other comprehensive income 43,484 76,245 Total comprehensive income $ 153,056 $ 180,506 See accompanying notes. Page 4 Table of Contents Nordson Corporation Consolidated Balance Sheets (In thousands) Assets Current assets: January 31, 2024 October 31, 2023 Cash and cash equivalents $ 136,201 $ 115,679 Receivables - net 537,702 590,886 Inventories - net 451,217 454,775 Prepaid expenses and other current assets 82,992 67,970 Total current assets 1,208,112 1,229,310 Goodwill 2,805,086 2,784,201 Intangible assets - net 666,487 672,744 Property, plant and equipment - net 394,467 392,846 Operating right of use lease assets 105,348 106,17

View Full Filing

View this 10-Q filing on SEC EDGAR