Nordson Corporation · NASDAQ:NDSN

Nordson — Q2 2024 Earnings Presentation

17 slides from Nordson's earnings presentation, May 21, 2024

  1. Slide 1: 2Q Fiscal 2024 Webcast

    2Q Fiscal 2024 Webcast May 21, 2024 NBS NEXT OWNER MINDSET WINNING TEAMS

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Click to edit title Under the Private Securities Litigation Reform Act of 1995 Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by

  3. Slide 3: Agenda

    Agenda 2Q 2024 Webcast – May 21, 2024  2nd Quarter Highlights  Market Outlook  Sales Performance and Earnings Review  FY 2024 and 3Q 2024 Guidance  Balance Sheet and Cash Flow  Q&A Sundaram Nagarajan Stephen Shamrock Lara Mahoney President and Chief Accounting Officer Vice President, 3 Chief E

  4. Slide 4: Dan Hopgood, EVP and Chief Financial Officer

    Dan Hopgood, EVP and Chief Financial Officer  Joined Nordson May 20, 2024  Brings more than 25 years of financial and operational expertise to Nordson  Most recently Controller and Chief Accounting Officer at Eaton Corporation, a $23 billion multinational power management company 4

  5. Slide 5: 2Q24 Highlights

     Sales of $651 million driven by 2Q24 Highlights ARAG acquisition and growth in industrial coatings systems and fluid solutions product lines  Solid operating performance driven by NBS Next Growth Framework  Free cash flow of $108 million, 92% of net income  Paid down nearly $100 million of debt

  6. Slide 6: Total Company – 2Q 2024

    Total Company – 2Q 2024 Sales 2Q 2024 Sales Bridge**  Reported sales of $651 million, comparable to prior year  5% growth from ARAG acquisition  4% organic decrease driven by electronics, partially offset by growth in industrial coatings systems and fluid solutions product lines EBITDA* 2Q 2023 2

  7. Slide 7: Industrial Precision Solutions – 2Q 2024

    Industrial Precision Solutions – 2Q 2024 2Q 2024 IPS Sales Bridge Sales  Sales of $367 million, increased 9%  Organic growth of 2% driven primarily by industrial coatings systems and packaging product lines EBITDA* EBITDA and Margin*  EBITDA was $132 million, or 36% of sales $132  EBITDA growth

  8. Slide 8: Medical and Fluid Solutions – 2Q 2024

    Medical and Fluid Solutions – 2Q 2024 Sales 2Q 2024 MFS Sales Bridge  Sales of $169 million, increased 2%  Organic sales increase of 2%  Increase was driven by growth in the fluid and medical interventional solutions product lines EBITDA* EBITDA and Margin* $72  EBITDA was $63 million, 37% of sa

  9. Slide 9: Advanced Technology Solutions – 2Q 2024

    Advanced Technology Solutions – 2Q 2024 Sales 2Q 2024 ATS Sales Bridge  Sales were $115 million, a 22% decrease  The organic sales decrease was driven by weakness across the segment EBITDA* EBITDA and Margin*  EBITDA was $24 million, or 21% of sales $42 $32  Decrease was driven primarily by lowe

  10. Slide 10: Balance Sheet and Cash Flow

    Balance Sheet and Cash Flow Strong Cash Flow with Sufficient Liquidity to Invest in Strategic Initiatives Net Debt Free Cash Flow  Cash totaled $125 million  Free cash flow of $108 million, which is a conversion rate of 92% of net income  Repaid ~$100 million of debt in the quarter  Dividend pay

  11. Slide 11: End Market Visibility

    End Market Visibility Industrial Precision Solutions Medical and Fluid Solutions Advanced Technology Solutions • Steady demand in industrials and • Sequential order-pick up in medical fluid • Continued weakness in orders related to consumer non-durable product lines components the electronics cycle

  12. Slide 12: Full-Year Fiscal 2024 Guidance

    Full-Year Fiscal 2024 Guidance Full-Year Sales Guidance Updating guidance $2,629 $2,630 - $2,680 $2,590  Backlog continues to normalize at $700 million  Fiscal 2024 sales of flat to 2% over record prior year  Adjusted earnings in the range of $9.35 to $9.75 2022 2023 2024 Full-Year Adjusted EPS G

  13. Slide 13: 3Q Fiscal 2024 Guidance

    3Q Fiscal 2024 Guidance 3Q 2024 Sales Guidance $645 - $670 Steady performance moving into $662 $649 3Q  3Q 24 sales of $645 - $670 million  3Q 24 adjusted earnings per share in the range of $2.25 - $2.40 3Q 22 3Q 23 3Q 24 3Q 2024 Adjusted EPS Guidance* $2.49 $2.25 - $2.40 $2.35 13 *Non-GAAP number

  14. Slide 14: Questions?

    Questions? Giordson

  15. Slide 15: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Net Income to Adjusted EBITDA (Dollars in thousands) 15

  16. Slide 16: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Adjusted Operating Profit and EBITDA (Dollars in thousands) 16

  17. Slide 17: Reconciliation of Non-GAAP Measures

    Reconciliation of Non-GAAP Measures Profitability (Dollars in thousands) 17

Nordson — Q2 2024 Earnings Presentation on 6ix