Nordson Corp Stock Price, News & Analysis

Nordson Corporation (NASDAQ:NDSN) has received three prestigious 2022 Global Technology Awards for its innovative products. The awards, announced on November 2, 2022, were in the Metrology and AOI Inspection Systems categories for the CyberOptics SQ3000™+ and the SE3000™ SPI system. The Dual-Mode Multi-Reflection Suppression® (MRS)® sensor showcased in the SE3000 offers flexible high-speed and high-resolution inspection modes, enhancing capabilities in semiconductor and SMT markets. This accolade underscores Nordson's commitment to superior performance in inspection and metrology solutions.

Nordson Corporation (NASDAQ: NDSN) has successfully completed its acquisition of CyberOptics Corporation, a leading global developer of high-precision 3D optical sensing technology solutions. This acquisition, previously announced on August 8, 2022, significantly strengthens Nordson’s test and inspection platform and expands its product offerings in the semiconductor and electronics industries. The integration aims to leverage CyberOptics' differentiated technologies to enhance Nordson's market presence.

Nordson Corporation (NASDAQ: NDSN) announced that Anand Patel will succeed Ray Cushing as vice president of treasury and finance following Cushing's retirement at year-end. Anand Patel, formerly with O-I Glass, Inc. (NASDAQ: OI), has extensive experience in global treasury functions and capital market transactions. Joe Kelley, CFO, expressed confidence in Patel's ability to support Nordson’s growth trajectory. Ray Cushing oversaw significant revenue growth during his 42-year tenure, from $200 million to over $2.5 billion.

Nordson Corporation (NASDAQ: NDSN) announced a new share repurchase program allowing for the repurchase of up to $500 million in common shares, in addition to the $160 million remaining from a previous authorization. This decision reflects the Board's confidence in Nordson's growth strategy and consistent cash generation. The repurchase will be funded from operating cash flows and is aimed at enhancing shareholder value while allowing for long-term investments.

Nordson Corporation (Nasdaq: NDSN) reported third-quarter sales of $662 million, a 2% increase year-over-year, with constant currency sales up by 7%. Earnings per share stood at $2.45, slightly above last year's $2.42. Adjusted earnings per share rose 3% to $2.49. The company confirmed its full-year guidance of 8% to 9% revenue growth and 18% to 21% adjusted earnings growth despite facing headwinds from inflation and currency pressures. Strong demand was noted in electronics and medical markets, with a backlog over $1 billion.

Nordson Corporation (NASDAQ: NDSN) has announced a 27% increase in its quarterly cash dividend, raising it from $0.51 to $0.65 per share. The dividend will be payable on September 6, 2022, to shareholders of record as of August 23, 2022. This marks the company’s 59th consecutive year of annual dividend increases, underscoring its strong commitment to returning value to shareholders. The increase reflects the company’s confidence in its long-term profitable growth strategy.

CyberOptics Corporation has announced its acquisition by Nordson Corporation for $54.00 per share in cash, reflecting a 47% premium over the last 30 days' average closing price. This deal aims to provide immediate cash value to shareholders and strengthen customer options. Both companies' boards have approved the transaction, which awaits shareholder and regulatory approval, expected to close by the end of 2022. Barclays and Stinson LLP are advising on the transaction.

Nordson Corporation (NDSN) has announced a definitive agreement to acquire CyberOptics Corporation (CYBE) for $54.00 per share, totaling approximately $380 million, net of cash acquired. This all-cash deal, valued at 18.5 times CyberOptics' trailing twelve months EBITDA, aims to enhance Nordson's test and inspection platform, particularly in the semiconductor and electronics sectors. The acquisition, expected to close in Q1 fiscal 2023, will leverage CyberOptics' advanced 3D optical sensing technology, driving new growth opportunities and an anticipated $6 million in cost synergies.

Nordson Corporation (NASDAQ: NDSN) is scheduled to announce its third quarter fiscal year 2022 earnings on August 22, 2022, post-market. A quarterly webcast will follow on August 23, 2022, at 8:30 AM ET. Investors can join the live event or access a replay on Nordson's investor website until August 30, 2022. The company focuses on precision technology across various sectors including consumer non-durable, medical, electronics, and industrial markets, operating in over 35 countries worldwide.