Business
Nordson Corporation Reports Fiscal Year 2020 Second Quarter Results
Sales were $529 million Operating profit was $125 million, or 24 percent of sales EBITDA was $152 million, or 29 percent of sales GAAP diluted EPS was $1.58
About this update from Nordson Corporation
[{"type":"text","content":"\n\nSales were $529 million\n\n\nOperating profit was $125 million, or 24 percent of sales \n\n\nEBITDA was $152 million, or 29 percent of sales\n\n\nGAAP diluted EPS was $1.58\n\n\nAdjusted diluted EPS was $1.58 compared to $1.54 in the prior year’s second quarter\n\n\n WESTLAKE, Ohio--(BUSINESS WIRE)--\nNordson Corporation (Nasdaq: NDSN) today reported results for the second quarter of fiscal year 2020. For the quarter ended April 30, 2020, sales were $529 million, a 4 percent decrease compared to the prior year’s second quarter sales of $551 million. This change in second quarter 2020 sales included a decrease in organic volume of approximately 3 percent, growth from 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 second quarter of approximately 1 percent.\n\n\nIn the second quarter of fiscal year 2020, reported operating profit was $125 million, net income was $92 million, and GAAP diluted earnings per share were $1.58. Prior year’s second quarter sales, operating profit, net income and GAAP diluted earnings per share were $551 million, $129 million, $92 million and $1.58, respectively. Adjusted diluted earnings per share was $1.58 in the second quarter of fiscal year 2020 compared to $1.54 in the prior year’s second quarter. A reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share and calculations for EBITDA and free cash flow before dividends are included in the attached financial exhibits.\n\n\n\n\nCommenting on the company’s fiscal second quarter 2020, Sundaram Nagarajan, Nordson President and Chief Executive Officer, said, “In the second quarter, our team focused on two critical priorities – protecting the health and safety of our employees and responding to the needs of our customers. I am so thankful for their incredible commitment. One of the core strengths of Nordson is the diversity of the end markets and geographies we serve, and this diversity clearly contributed to our performance in the quarter.”\n\n\nSecond Quarter Segment Results\n\n\nOn March 30, 2020, the company announced a strategic business realignment that will better position Nordson for its next chapter of profitable growth. The company has reorganized into two segments: Industrial Precision Solutions...