NORDSON CORP — fact timeline

NORDSON CORP shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending October 31, 2022 at the 2023-02-28 meeting.

“Proposal 2 – The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2022. The votes were cast as follows: For Against Abstain 50,417,298 2,060,421 33,308”

NORDSON CORP shareholders approved Election of Directors at the 2023-02-28 meeting.

“Proposal 1 – The Company’s shareholders elected Milton M. Morris to the Board of Directors to serve until the 2024 annual meeting of shareholders, and Michael J. Merriman, Jr., Sundaram Nagarajan, and Mary G. Puma to the Board of Directors, each to serve until the 2026 annual meeting of shareholders and until his or her successor is duly elected and qualified or until his or her earlier death, resignation or removal. The votes were cast as follows: Votes For Votes Withheld Broker Non-Votes Milton M. Morris 49,025,465 178,880 3,306,682 Michael J. Merriman, Jr. 45,117,663 4,086,682 3,306,682 Sundaram Nagarajan 48,625,879 578,466 3,306,682 Mary G. Puma 44,365,189 4,839,156 3,306,682”

NORDSON CORP reported the first quarter of fiscal 2023 results: revenue $610 million, net income $104 million, EPS $1.81. Guidance reaffirmed.

“Nordson Corporation Reports First Quarter Fiscal 2023 Results and Updates Annual Guidance First Quarter: • Sales were $610 million, a 1% organic increase over the prior year • Operating profit was $144 million • Adjusted operating profit was $155 million, 25% of sales • Earnings per share were $1.81 • Adjusted earnings per share were $1.95 compared to $2.07 in the prior year”

NORDSON CORP incurred credit facility of $200.0 million with PNC Bank, National Association, as Administrative Agent and Lender at base rate or a SOFR rate ... plus, in each case, an applicable margin maturing April 30, 2024.

“The Term Loan Agreement provides for a delayed draw term loan facility in the aggregate principal amount of $200.0 million”

NORDSON CORP entered into Term Loan Agreement with PNC Bank, National Association, as Administrative Agent and Lender valued at $200.0 million (effective 2023-01-18).

“On January 18, 2023, Nordson Corporation (the “Company”) and its subsidiary, Nordson Engineering GmbH, (“Nordson GmbH” and together with the Company, the “Borrowers”), entered into a Term Loan Agreement (the “Term Loan Agreement”) with PNC Bank, National Association, as Administrative Agent and Lender (the “Lender”), and PNC Capital Markets LLC, as Sole Lead Arranger and Sole Bookrunner. The Term Loan Agreement provides for a delayed draw term loan facility in the aggregate principal amount of $200.0 million (the “Term Loan Facility”).”

NORDSON CORP reported fiscal 2023 results: EPS $8.75 to $10.10 per share. Guidance initiated.

“2023 Guidance: • Fiscal 2023 forecasted sales growth of 1% to 7% and adjusted earnings in the range of $8.75 to $10.10 per share”

NORDSON CORP reported the fiscal year ended October 31, 2022 results: revenue $2.6 billion, net income $513 million, EPS $8.81 per diluted share.

“Sales for the fiscal year ended October 31, 2022 were $2.6 billion, an increase of 10% compared to the same period a year ago. This sales growth was driven by an 11% increase in organic volume and a favorable acquisition impact of 3%, partially offset by an unfavorable currency impact of 4%. Full year operating profit was $702 million. Net income was $513 million and diluted earnings per share were $8.81.”

NORDSON CORP reported the fiscal fourth quarter ended October 31, 2022 results: revenue $684 million, net income $141 million, EPS $2.44 per diluted share.

“Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal fourth quarter ended October 31, 2022. Sales were $684 million, a 14% increase compared to the prior year’s fourth quarter sales of $599 million. The increase in fourth quarter 2022 sales included 18% organic volume growth, a favorable 4% acquisition impact and unfavorable currency translation of 8%. Organic sales growth was strong in virtually all end markets, and particularly robust for electronics and medical. Operating profit in the quarter was $178 million, or 26% of sales, a 17% increase compared to the prior year operating profit of $151 million. Sales volume leverage drove the quarterly increase. EBITDA in the quarter totaled $202 million, or 30% of sales, and represents an increase of 14% from the prior year EBITDA of $177 million. Net income was $141 million, a 28% increase compared to the prior year earnings of $110 million. Fourth quarter diluted earnings per share were $2.44, a 30% increase over the p”

Dr. Milton M. Morris was elected as Director at NORDSON CORP.

“On September 15, 2022, the Board of Directors (the “Board”) of Nordson Corporation (the “Company”) elected Dr. Milton M. Morris as a Director”

Arthur L. George, Jr. resigned as Director at NORDSON CORP.

“Arthur L. George, Jr., a member of the Board of Directors of Nordson Corporation (the “Company”), notified the Company of his intention to resign from the Company’s Board of Directors (the “Board”), effective May 27, 2022.”

Gregory P. Merk departed as Executive Vice President at NORDSON CORP.

“the Company and Gregory P. Merk, the Company’s Executive Vice President and a named executive officer, agreed that Mr. Merk would leave the Company on January 31, 2022.”

Gregory P. Merk departed as Executive Vice President at NORDSON CORP.

“On January 14, 2022 , Nordson Corporation (the “Company”) and Gregory P. Merk, the Company’s Executive Vice President and a named executive officer, agreed that Mr. Merk will leave the Company on January 31, 2022.”