Business
Nordson Corporation Reports Fiscal Year 2019 Fourth Quarter and Full Year Results
Fourth Quarter: Sales were $585 million, inclusive of 4 percent organic growth and an unfavorable currency impact of 1 percent Operating profit increased 20
About this update from Nordson Corporation
[{"type":"text","content":"\nFourth Quarter:\n\n\n\nSales were $585 million, inclusive of 4 percent organic growth and an unfavorable currency impact of 1 percent\n\n\nOperating profit increased 20 percent over the prior year to $140 million, or 24 percent of sales\n\n\nEBITDA increased 15 percent over the prior year to $164 million, or 28 percent of sales\n\n\nGAAP diluted EPS was $1.76; adjusted diluted EPS, which excludes restructuring charges, the step up in value of acquired inventory, and discrete tax expense in the quarter, was $1.79\n\n\nFree cash flow before dividends increased 9 percent over the prior year to $128 million, or 125 percent of net income\n\n\n\nFull Year:\n\n\n\nSales were $2.2 billion\n\n\nOperating profit was $483 million, or 22 percent of sales\n\n\nEBITDA was $587 million, or 27 percent of sales \n\n\nGAAP diluted EPS was $5.79; adjusted diluted EPS, which excludes restructuring charges, the step up in value of acquired inventory, and discrete tax expense, was $5.87\n\n\nFree cash flow before dividends was $320 million, or 95 percent of net income\n\n\n\nFull Year 2020 Guidance:\n\n\n\nOrganic sales volume growth as compared to fiscal 2019 is forecasted to be in the range of 1 to 3 percent, with growth from the first year effect of acquisitions adding 20 basis points, offset by unfavorable currency translation effect of 30 basis points \n\n\nGAAP diluted EPS growth forecasted to be in the range of 2 to 6 percent as compared to fiscal 2019\n\n\n WESTLAKE, Ohio--(BUSINESS WIRE)--\nNordson Corporation (Nasdaq: NDSN) today reported results for the fourth quarter of fiscal year 2019. For the quarter ended October 31, 2019, sales were $585 million, a 3 percent increase compared to the prior year’s fourth quarter sales of $569 million. This change in fourth quarter 2019 sales included an increase of approximately 4 percent organic volume, growth related to the first year effect of acquisitions of less than 1 percent, and a decrease related to the unfavorable effect of currency translation as compared to the prior year’s fourth quarter of approximately 1 percent.\n\n\n\n\nIn the fourth quarter of fiscal year 2019, reported operating profit was $140 million, net income was $103 million, and GAAP diluted earnings per share were $1.76, inclusive of a $0.03 per share charge related to restructuring, the step up in value of acquired invento...