©homiel-dreamstime.com Electronics Production | August 21, 2012
Nordson posts record quartely sales
Nordson Corporation has reported the strongest quarterly sales, operating profit, net income and diluted EPS in its history.
For the quarter ending July 31, 2012, sales expanded to 380 million USD, a 22 percent increase over the prior year’s third quarter sales. This increase in sales included a 16 percent increase in organic volume, a 10 percent increase related to the first year effect of acquisitions, and a negative 4 percent impact related to unfavorable effects of currency translation. Third quarter operating profit was $99 million, a record for any quarter, and operating margin reached 26 percent, an increase from the strong level in the same period a year ago. Third quarter net income and diluted earnings per share were both records at $67 million and $1.03, respectively, and compared to $57 million and $0.82 a year ago. Fiscal Year-to Date Results For the first-nine-months of fiscal year 2012, sales were $971 million, operating profit was $232 million and net income was $157 million. First-nine-months earnings per share on a diluted basis are $2.41 and include one-time charges of $0.12 per diluted share as described on the attached earnings per share reconciliation table. Prior year first-nine-months revenue, operating profit, net income and diluted earnings per share were $902 million, $237 million, $168 million and $2.44, respectively, inclusive of one-time gains of $0.07 and one-time charges of $0.05, both per diluted share. Outlook For the fourth quarter of fiscal 2012, sales are expected to be in the range of $408 million to $422 million, an increase of 23 to 27 percent as compared to the fourth quarter a year ago. “Our current order rates are very healthy and have led us to forecast an excellent fourth quarter, which is expected to complete another record year for Nordson,” saidNordson President and Chief Executive Officer Michael F. Hilton . “At the same time, we remind investors that Nordson is not immune from macroeconomic trends over the longer term. While most economists continue to project growth going forward, many have softened their outlook, and the level of economic uncertainty has not diminished”.
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