Nordson Corp Files Q2 2024 10-Q Financial Report

TL;DR

Nordson's Q2 2024 10-Q is in. Check financials.

AI Summary

Nordson Corp filed its 10-Q for the period ending April 30, 2024, reporting on its financial performance. The filing covers the second quarter of fiscal year 2024, detailing revenues, expenses, and other financial metrics. Specific financial figures for the quarter and year-to-date periods are presented, reflecting the company's operational results.

Why It Matters

This filing provides investors and analysts with a detailed look at Nordson Corp's financial health and operational performance during the second quarter of fiscal year 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• 20240430 — Period End Date (The end date of the reporting period for this 10-Q filing.)
• 20240523 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 2024 Q2 — Fiscal Quarter (Indicates the filing covers the second fiscal quarter of 2024.)

Key Players & Entities

• NORDSON CORP (company) — Filer of the 10-Q
• 28601 CLEMENS RD (location) — Company's business and mailing address
• WESTLAKE (location) — City of company's business and mailing address
• OH (location) — State of company's business and mailing address
• 44145 (location) — ZIP code of company's business and mailing address

FAQ

Filing Documents

• ndsn-20240430.htm (10-Q) — 1155KB
• ndsn-20240430xex311.htm (EX-31.1) — 10KB
• ndsn-20240430xex312.htm (EX-31.2) — 9KB
• ndsn-20240430xex321.htm (EX-32.1) — 5KB
• ndsn-20240430xex322.htm (EX-32.2) — 5KB
• 0000072331-24-000075.txt ( ) — 7405KB
• ndsn-20240430.xsd (EX-101.SCH) — 48KB
• ndsn-20240430_cal.xml (EX-101.CAL) — 62KB
• ndsn-20240430_def.xml (EX-101.DEF) — 270KB
• ndsn-20240430_lab.xml (EX-101.LAB) — 663KB
• ndsn-20240430_pre.xml (EX-101.PRE) — 474KB
• ndsn-20240430_htm.xml (XML) — 1211KB

– 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 8 Notes to Condensed Consolidated Financial Statements 9

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 23 Overview 23 Critical Accounting Policies and Estimates 23 Results of Operations 23 Financial Condition 26

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 27

CONTROLS AND PROCEDURES

ITEM 4. CONTROLS AND PROCEDURES 27

– OTHER INFORMATION

PART II – OTHER INFORMATION 28

LEGAL PROCEEDINGS

ITEM 1. LEGAL PROCEEDINGS 28

RISK FACTORS

ITEM 1A. RISK FACTORS 28

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 28

OTHER INFORMATION

ITEM 5. OTHER INFORMATION 28

EXHIBITS

ITEM 6. EXHIBITS 29 SIGNATURE 30 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 Six Months Ended (In thousands, except for per share data) April 30, 2024 April 30, 2023 April 30, 2024 April 30, 2023 Sales $ 650,642 $ 650,165 $ 1,283,835 $ 1,260,642 Operating costs and expenses: Cost of sales 284,765 298,040 569,531 579,650 Selling and administrative expenses 197,261 179,618 386,253 364,266 482,026 477,658 955,784 943,916 Operating profit 168,616 172,507 328,051 316,726 Other income (expense): Interest expense ( 20,109 ) ( 9,913 ) ( 41,551 ) ( 20,443 ) Interest and investment income 1,554 438 2,598 1,025 Other expense - net ( 785 ) ( 1,405 ) ( 1,123 ) ( 4,601 ) ( 19,340 ) ( 10,880 ) ( 40,076 ) ( 24,019 ) Income before income taxes 149,276 161,627 287,975 292,707 Income taxes 31,059 34,064 60,186 60,883 Net income $ 118,217 $ 127,563 $ 227,789 $ 231,824 Average common shares 57,222 57,184 57,142 57,177 Incremental common shares attributable to equity compensation 459 496 475 544 Average common shares and common share equivalents 57,681 57,680 57,617 57,721 Basic earnings per share $ 2.07 $ 2.23 $ 3.99 $ 4.05 Diluted earnings per share $ 2.05 $ 2.21 $ 3.95 $ 4.02 See accompanying notes. Page 3 Table of Contents Nordson Corporation Consolidated Statements of Comprehensive Income Three Months Ended Six Months Ended (In thousands) April 30, 2024 April 30, 2023 April 30, 2024 April 30, 2023 Net income $ 118,217 $ 127,563 $ 227,789 $ 231,824 Components of other comprehensive income (loss): Foreign currency translation adjustments ( 32,620 ) ( 290 ) 11,323 76,531 Pension and other postretirement plan adjustments, net of tax 19 ( 173 ) ( 440 ) ( 749 ) Total other comprehensive income (loss) ( 32,601 ) ( 463 ) 10,883 75,782 Total comprehensive income $ 85,616 $ 127,100 $ 238,672 $ 307,606 See accompanying notes. Page 4 Table of Contents Nordson Corporation Consolidated Balance Sheets (In thousands)

View Full Filing

View this 10-Q filing on SEC EDGAR