secwatch.observer — SEC 8-K summary
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Issuer:     NORDSON CORP (NDSN)
CIK:        0000072331
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0000072331-24-000070
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nordson Q2 sales flat at $651M, EPS $2.05; cuts FY24 EPS guidance to $9.35-9.75
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- Q2 sales $651M (flat YoY); organic sales down 4%, acquisitions add 5%. Net income $118M ($2.05 EPS), down from $128M ($2.21 EPS). Adjusted EPS $2.34 vs $2.45.
- Segment: IPS sales +9% to $367M; MFS +2% to $169M; ATS -22% to $115M on electronics weakness.
- EBITDA $203M (31% of sales), flat YoY; gross margins improved but higher SG&A from ARAG acquisition.
- FY24 revenue guidance reduced to flat to +2% growth; adjusted EPS guidance cut to $9.35-9.75. Q3 guidance: sales $645-670M, adj. EPS $2.25-2.40.
- Backlog ~$700M, normalizing; CEO cites temporary electronics and agriculture headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72331/000007233124000070/0000072331-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72331/000007233124000070/ndsn-20240520.htm
  HTML page:      https://secwatch.observer/filing/0000072331-24-000070

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