Business
Nordson Corporation Reports Fiscal Year 2021 Fourth Quarter and Record Full Year Results
Fourth Quarter: Sales were $599 million, a 7% year-over-year increase, 10% organic Operating profit was $151 million, or 25% of sales Earnings were $1.88 per
About this update from Nordson Corporation
[{"type":"text","content":"\nFourth Quarter:\n\n\nSales were $599 million, a 7% year-over-year increase, 10% organic\n\n\n\nOperating profit was $151 million, or 25% of sales\n\n\n\nEarnings were $1.88 per diluted share, an 18% increase from prior year adjusted earnings per share\n\n\nFull Year:\n\n\nFull year sales, operating profit, and earnings per share were all company records\n\n\n\nSales were $2.4 billion, an 11% year-over-year increase\n\n\n\nEarnings were $7.74 per diluted share, a 41% increase from prior year adjusted earnings per share\n\n\n2022 Guidance:\n\n\nFiscal 2022 sales growth of 6% to 10% and earnings growth of 8% to 18% over the record fiscal 2021 results\n\n\n\nFirst quarter 2022 sales growth of 14% to 16% over prior year first quarter; earnings per diluted share in the range of $1.80 to $1.95\n\n\n WESTLAKE, Ohio--(BUSINESS WIRE)--\nNordson Corporation (Nasdaq: NDSN) today reported results for the fiscal fourth quarter ended October 31, 2021. Sales were $599 million, a 7% increase compared to the prior year’s fourth quarter sales of $559 million. The increase in fourth quarter 2021 sales included 10% organic volume growth, offset by an unfavorable 4% divestiture impact and favorable currency translation of 1%. Growth was strong in all product lines, particularly electronics and industrial end markets.\n\nOperating profit in the quarter was $151 million, or 25% of sales, a 16% increase compared to the prior year adjusted operating profit of $130 million. Sales volume leverage, in addition to continued benefits from structural cost reduction actions taken in fiscal year 2020 and the divestiture of the screws and barrels product line on February 1, 2021, contributed to the quarterly increase. EBITDA in the quarter totaled $177 million, or 30% of sales, and represents an increase of 11% from the prior year EBITDA of $159 million.\n\nNet income was $110 million, a 19% increase compared to the prior year adjusted earnings of $93 million. Fourth quarter diluted earnings per share were $1.88, an 18% increase over the prior year adjusted earnings of $1.59 per diluted share.\n\nCommenting on the Company’s fiscal fourth quarter 2021 results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “The fourth quarter was a solid finish to an incredible year, where we surpassed our prior record annual performance in sales by $108 ...