Nordson Corp Files Q3 2024 10-Q
Ticker: NDSN · Form: 10-Q · Filed: Aug 22, 2024 · CIK: 72331
| Field | Detail |
|---|---|
| Company | Nordson Corp (NDSN) |
| Form Type | 10-Q |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Nordson's Q3 10-Q is in. Check financials for latest performance.
AI Summary
Nordson Corp filed its 10-Q for the period ending July 31, 2024, reporting financial results for its third quarter. The company's fiscal year ends on October 31. Key financial data and balance sheet information as of July 31, 2024, and previous periods are detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and position of Nordson Corp, crucial for understanding the company's operational health and future outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 510,176,499 — Total Assets (As of July 31, 2024)
- 358 — Number of Filings (Total documents in the filing package)
Key Players & Entities
- NORDSON CORP (company) — Filer
- 20240731 (date) — Period of Report
- 20240822 (date) — Filing Date
- OH (location) — State of Incorporation
- 3569 (other) — Standard Industrial Classification Code
FAQ
What were Nordson Corp's total assets as of July 31, 2024?
Nordson Corp's total assets were $510,176,499 as of July 31, 2024.
What is Nordson Corp's fiscal year end?
Nordson Corp's fiscal year ends on October 31.
What is the filing date for this 10-Q?
This 10-Q was filed on August 22, 2024.
What is Nordson Corp's Standard Industrial Classification code?
Nordson Corp's Standard Industrial Classification code is 3569.
What period does this 10-Q report cover?
This 10-Q reports on the period ending July 31, 2024.
Filing Stats: 4,663 words · 19 min read · ~16 pages · Grade level 17.4 · Accepted 2024-08-22 13:42:47
Filing Documents
- ndsn-20240731.htm (10-Q) — 1253KB
- ndsn-20240731xex311.htm (EX-31.1) — 10KB
- ndsn-20240731xex312.htm (EX-31.2) — 9KB
- ndsn-20240731xex321.htm (EX-32.1) — 5KB
- ndsn-20240731xex322.htm (EX-32.2) — 5KB
- 0000072331-24-000111.txt ( ) — 7859KB
- ndsn-20240731.xsd (EX-101.SCH) — 52KB
- ndsn-20240731_cal.xml (EX-101.CAL) — 63KB
- ndsn-20240731_def.xml (EX-101.DEF) — 284KB
- ndsn-20240731_lab.xml (EX-101.LAB) — 702KB
- ndsn-20240731_pre.xml (EX-101.PRE) — 499KB
- ndsn-20240731_htm.xml (XML) — 1266KB
– 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 24 Overview 24 Critical Accounting Policies and Estimates 24 Results of Operations 24 Financial Condition 27
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 28
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 28
– OTHER INFORMATION
PART II – OTHER INFORMATION 29
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 29
RISK FACTORS
ITEM 1A. RISK FACTORS 29
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 29
EXHIBITS
ITEM 6. EXHIBITS 31 SIGNATURE 32 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 Nine Months Ended (In thousands, except for per share data) July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 Sales $ 661,604 $ 648,677 $ 1,945,439 $ 1,909,319 Operating costs and expenses: Cost of sales 292,603 288,357 862,134 868,007 Selling and administrative expenses 201,943 189,324 588,196 553,590 494,546 477,681 1,450,330 1,421,597 Operating profit 167,058 170,996 495,109 487,722 Other income (expense): Interest expense ( 18,803 ) ( 12,089 ) ( 60,354 ) ( 32,532 ) Interest and investment income 1,027 603 3,625 1,628 Other income (expense) - net 152 2,542 ( 971 ) ( 2,059 ) ( 17,624 ) ( 8,944 ) ( 57,700 ) ( 32,963 ) Income before income taxes 149,434 162,052 437,409 454,759 Income taxes 32,107 34,161 92,293 95,044 Net income $ 117,327 $ 127,891 $ 345,116 $ 359,715 Average common shares 57,229 56,989 57,171 57,114 Incremental common shares attributable to equity compensation 395 541 449 543 Average common shares and common share equivalents 57,624 57,530 57,620 57,657 Basic earnings per share $ 2.05 $ 2.24 $ 6.04 $ 6.30 Diluted earnings per share $ 2.04 $ 2.22 $ 5.99 $ 6.24 See accompanying notes. Page 3 Table of Contents Nordson Corporation Consolidated Statements of Comprehensive Income Three Months Ended Nine Months Ended (In thousands) July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 Net income $ 117,327 $ 127,891 $ 345,116 $ 359,715 Components of other comprehensive income (loss): Foreign currency translation adjustments 8,096 3,455 19,419 79,986 Pension and other postretirement plan adjustments, net of tax ( 1,198 ) ( 159 ) ( 1,638 ) ( 908 ) Total other comprehensive income 6,898 3,296 17,781 79,078 Total comprehensive income $ 124,225 $ 131,187 $ 362,897 $ 438,793 See accompanying notes. Page 4 Table of Contents Nordson Corporation Consolidated Balance Sheets (In thousands) Assets Curren