Thu, May 23, 5:23 PM (64 days ago)
Nordson Corporation's Q2 FY2024 report highlights a marginal increase in sales to $650.6M, driven by a 4.5% acquisition boost, despite a 3.7% organic sales decline. Operating profit decreased to $168.6M from $172.5M YoY, with a slight dip in operating margin to 25.9%. Interest expenses surged to $20.1M due to higher debt levels from acquisitions. Net income fell to $118.2M ($2.05/share) from $127.6M ($2.21/share). Segment-wise, Industrial Precision Solutions saw a 9.3% sales rise, Medical and Fluid Solutions grew by 1.5%, while Advanced Technology Solutions dropped by 22.4%. For H1 FY2024, sales increased 1.8% to $1.28B, with operating profit up to $328.1M. Cash flow from operations was strong at $295M. The company remains well-positioned for future liquidity needs despite increased debt and acquisition-related expenses.