NORDSON CORP

Listed Company

NDSNCIK 0000072331NasdaqLarge AcceleratedGeneral Industrial Machinery & Equipment, NecOhioFY ends Oct 31

Period

FY 2025

Revenue

$2.79B

Net Income

$484.47M

Total Assets

$5.92B

Equity

$3.04B

Shares Out

55.78M

Op. Cash Flow

$719.17M

Business

NORDSON CORP is a precision technology company that engineers, manufactures, and markets equipment and systems for the precise dispensing, application, control, testing, inspection, treatment, and curing of fluids and surfaces. It offers precision dispensing and material-processing equipment, single-use medical components, engineered fluid and interventional medical solutions, test and inspection systems, and surface-treatment and curing technologies. Its operations are organized into Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions segments. The company sells globally through a network of direct sales operations, distributors, and technical service channels across diverse end markets.

Summary from filing dated 2025-12-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Sales	2,792	2,690	2,629	2,590	2,362
Cost of sales	1,252	1,204	1,203	1,164	1,038
Selling and administrative expenses	816	812	753	724	709
Divestiture and related charges	13	0	0	0	0
Total operating costs and expenses	2,080	2,016	1,956	1,888	1,747
Operating profit	712	674	673	702	615
Interest expense	−104	−89	−60	−22	—
Interest and investment income	3	5	3	2	2
Other - net	−13	−5	−597,000	9	−18
Total other income (expense)	−114	−89	−57	−53	−41
Income before income taxes	598	585	615	649	574
Income tax expense	113	118	128	136	120
Net income	484	467	487	513	454
Average common shares (in shares)	57	57	57	58	58
Incremental common shares attributable to outstanding stock options, restricted stock and deferred stock-based compensation (in shares)	310,000	440,000	541,000	620,000	643,000
Average common shares and common share equivalents (in shares)	57	58	58	58	59
Basic earnings per share (in dollars per share)	8.56	8.17	8.54	8.9	7.82
Diluted earnings per share (in dollars per share)	8.51	8.11	8.46	8.81	7.74
Dividends declared per common share (in dollars per share)	3.16	2.82	2.63	2.18	1.69

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	108	116	116	163	300
Receivables - net	588	595	591	537	489
Inventories - net	445	477	455	383	327
Prepaid expenses and other current assets	102	87	68	49	48
Total current assets	1,243	1,275	1,229	1,133	1,165
Goodwill	3,305	3,281	2,784	1,805	1,713
Property, plant and equipment - net	517	545	393	353	356
Intangible assets - net	682	741	673	329	357
Operating right of use lease assets	77	94	106	102	111
Deferred income taxes	11	11	16	10	11
Other assets	83	55	50	87	78
Total assets	5,918	6,001	5,252	3,820	3,791
Current maturities of long-term debt and notes payable	315	104	116	393	34
Accrued liabilities	229	225	200	207	202
Accounts payable	121	98	106	99	92
Customer advance payments	44	46	93	93	78
Income taxes payable	26	33	45	22	17
Operating lease liability - current	17	17	17	16	17
Finance lease liability - current	6	5	5	5	6
Total current liabilities	758	528	582	834	445
Long-term debt	1,681	2,101	1,621	345	782
Operating lease liability - noncurrent	64	81	92	91	98
Deferred income taxes	192	206	211	111	88
Postretirement obligations	44	52	51	57	83
Pension obligations	43	47	40	41	81
Finance lease liability - noncurrent	8	12	12	11	15
Other long-term liabilities	83	42	44	36	40
Preferred shares, no par value; 10,000 shares authorized; none issued	0	0	0	0	0
Common shares, no par value; 160,000 shares authorized; 98,023 shares issued at October 31, 2021 and 2020	12	12	12	12	12
Capital in excess of stated value	741	714	668	627	585
Retained earnings	4,601	4,295	3,989	3,652	3,265
Accumulated other comprehensive loss	−100	−185	−196	−208	−176
Common shares in treasury, at cost	−2,210	−1,905	−1,875	−1,789	−1,528
Total shareholders' equity	3,044	2,932	2,598	2,294	2,159
Total liabilities and shareholders' equity	5,918	6,001	5,252	3,820	3,791

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Net income	484	467	487	513	454
Depreciation	71	59	52	49	53
Amortization	79	77	60	51	51
Provision for losses on receivables	768,000	619,000	283,000	1	32,000
Deferred income taxes	−13	−19	−16	−11	—
Non-cash stock compensation	19	19	23	31	23
Loss on sale of property, plant and equipment	3	1	1	−581,000	589,000
Other non-cash	5	3	8	1	5
Receivables	4	14	18	−73	−14
Inventories	35	47	22	−69	−51
Prepaid expenses	−4	−5	−15	−2	−5
Accounts payable	21	−39	−16	11	21
Income taxes payable	−7	−19	18	6	9
Accrued liabilities	12	8	−29	925,000	33
Customer advance payments	−3	−48	−3	19	36
Other	−319,000	−11	29	−56	−74
Net cash provided by operating activities	719	556	641	513	546
Additions to property, plant and equipment	−58	−64	−35	−51	−38
Proceeds from sale of property, plant and equipment	309,000	75,000	101,000	280,000	163,000
Proceeds from Sales of Business, Affiliate and Productive Assets	28	—	—	—	—
Payments to Acquire Businesses, Net of Cash Acquired	—	−790	−1,423	−172	0
Other	3	−10	−20	0	5
Net cash used in investing activities	−27	−844	−1,437	−223	−33
Proceeds from issuance of debt	26	783	2,179	63	9
Repayment of debt	−250	−319	−1,203	−97	−299
Repayment of capital lease obligations	−6	−6	−7	−5	−7
Repayment of capital lease obligations	—	−6	−7	−5	−7
Issuance of common shares	9	31	21	12	32
Purchase of treasury shares	−306	−33	−90	−263	−61
Dividends paid	−179	−161	−150	−126	−98
Net cash provided (used) in financing activities	−706	294	751	−416	−423
Effect of exchange rate changes on cash	6	−6	−3	−11	2
Increase (decrease) in cash and cash equivalents	−8	273,000	−48	−137	92

Filings

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