Welcome to our dedicated page for Nordson news (Ticker: NDSN), a resource for investors and traders seeking the latest updates and insights on Nordson stock.
Nordson Corporation manufactures precision technology equipment and systems used to dispense, apply, test, inspect, and control adhesives, coatings, sealants, fluids, and other materials. Its recurring updates cover quarterly earnings, margins, guidance, dividends, and demand across consumer non-durable, medical, electronics, semiconductor, packaging, and industrial end markets.
Company news also includes Nordson EFD product and trade-show activity for precision fluid dispensing, automated assembly, and medical device manufacturing applications. Segment commentary commonly references Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions, along with the company’s direct sales model and applications expertise.
Nordson Corporation (NASDAQ: NDSN) has announced a cash dividend of $0.65 per share for the first quarter of fiscal year 2023, payable on January 3, 2023. This dividend matches the previous quarter's payout of $0.65. Nordson, headquartered in Westlake, Ohio, operates in over 35 countries and serves diverse markets including consumer non-durable goods, medical, electronics, and industrial sectors. The company's focus is on delivering growth and strong margins through its entrepreneurial divisions.
Nordson Electronics Solutions has unveiled the SELECT Synchro selective soldering system, designed for high-volume printed circuit board assembly. This innovative system increases throughput by 20-40% and reduces footprint by 60%, making it 4X shorter than traditional systems. Key features include improved cost-of-ownership, flexibility with multiple solder pots, and enhanced quality controls. By offering a synchronous motion, the SELECT Synchro enhances solder joint reliability and provides greater efficiency compared to conventional wave soldering methods.
Nordson Corporation (NASDAQ: NDSN) is set to release its fourth quarter and fiscal year 2022 earnings on December 14, 2022, after market close. A webcast will be held on December 15, 2022, at 8:30 AM ET. The company emphasizes its innovative precision technology and robust growth strategy, serving diverse markets including consumer non-durable, medical, electronics, and industrial sectors.
Nordson operates in over 35 countries and focuses on delivering top-tier growth with competitive margins.
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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.