secwatch.observer — SEC 8-K summary
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Issuer:     NORDSON CORP (NDSN)
CIK:        0000072331
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000072331-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nordson Q1 sales $633M (+4% YoY), adj EPS $2.21; narrows FY outlook to 4-7% growth
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- Sales $633M (+4% YoY); organic -2%, acquisition +5% from ARAG. Net income $110M ($1.90 EPS); adj EPS $2.21.
- IPS segment sales $355M (+14%) on ARAG and organic growth; ATS sales $119M (-18%) on electronics weakness.
- EBITDA $197M (31% of sales), up 9% YoY driven by improved gross margins.
- FY2024 guidance narrowed: rev growth 4-7% over FY2023; adj EPS $10.00-$10.50. Q2 forecast: sales $645-670M, adj EPS $2.20-$2.35.
- Backlog ~$750M normalizing; IPS and MFS segments performed solidly; ATS managed electronics weakness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72331/000007233124000036/0000072331-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72331/000007233124000036/ndsn-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000072331-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer