Nordson : Second Quarter 2026 Results Presentation
Investor Presentation
May 21, 2026
Nasdaq: NDSN
Nordson is a growth compounder with unique competitive advantages
Company Founded
19542025 Revenue
$2.8B2025 EBITDA%
32%Employees
8,000+Countries with Direct Presence
35+
Consistent Record of Growth
6%Sales Growth
Demonstrated Value to Customers
55%Gross Margins
Disciplined focus on profitability
30%+EBITDA Margins
Solid Returns
12%ROIC
Differentiated Product Portfolio*
2,200+Global Patents Held
Consistent value to shareholders
62 yrs.of Annual Dividend Increases
By the Numbers
Diversified Sources of Sales
FY2025 Profile - $2.8 Billion
Product Type Geographies
40%
60%
Parts and ConsumablesSystems
Americas
31%
43%
26%
EuropeAsia Pacific
High percentage of recurring sales from parts and consumables.
Diversified geographic footprint.
Direct presence in over 35 countries.
Diversified End Markets
Remaining Markets 12% of revenue
Industrial 13% of revenue
Consumer Non-Durable
23% of revenue
Medical 25% of revenue
Electronics 27% of revenue
Semiconductor packaging
Wafer-level packaging
Printed circuit boards
Electronic component assembly - mobile phone, camera, ear buds, PC
Automotive electronics
Balloons, extrusions, delivery catheters and other minimally invasive devices
Single-use fittings, connectors, fluid transfer components in medical equipment and surgical procedures
Single-use specialty cannula for cardio-pulmonary procedures
Box sealing
Baby diapers
Convenience food packaging
Beverage straw and spot attachment
Container and bottle labeling
Construction and industrial machinery
Rigid container
Aerospace
Chemical
Defense
Energy
Consumer durable
Automotive
Animal health and delivery systems
Agriculture
How We Are Organized
INDUSTRIAL PRECISION SOLUTIONS MEDICAL FLUID SOLUTIONS ADVANCED TECHNOLOGY SOLUTIONS
Precision Adhesives Dispensing, Industrial Coatings, Polymer Processing & Precision Agriculture
48%
REVENUE
Interventional Solutions, Fluid Components & Engineered Fluid Dispensing
30%
REVENUE
Electronic Processing Systems & Test & Inspection
22%
REVENUE
What We Do: Product lines reduce material consumption, increase line efficiency, and enhance product brand and appearance. Components are used for dispensing adhesives, coatings, paint, finishes, sealants and other materials. This business primarily serves the industrial, consumer durables and non-durables markets.
Industrial Precision Solutions (IPS)
Fiscal 2025 Revenue
$1.3B23%
40%
36%
Geographic Diversification
Americas
Europe
AsiaFiscal 2025 EBITDA
37%Historical 5 Yr. Sales CAGR
3%
Strategic FocusNew applications for secular trends, including electric vehicle battery, advanced packaging, automotive and solar
$1,332
$1,143
Material, machinery and process innovations
Leverage aftermarket opportunity with the large systems installed base
2020 2025
IPS End Markets
Other
25% of IPS Sales
Industrial
35% of IPS Sales
Consumer Non-Durable
40% of IPS Sales
% of Revenue / Applications / Growth Rates
Corrugated and carton packaging
Food and beverage packaging
Disposable hygiene
Disposable medical garments
Industrial manufacturing machinery
Plastic processing and recycling
Metallic container and can coating
Building and construction
Consumer durable (appliance / wood)
Agricultural
Automotive
Solar and electric battery
Market Growth Rate
Market Growth Rate
Market Growth Rate
1-3% 1-3% 2-4%What We Do: Fluid management solutions for medical, high-tech industrial and other diverse end markets. Related plastic tubing, balloons, catheters, syringes, cartridges, tips, and fluid connection components are used to dispense or control fluids within customers' medical devices or products, as well as production processes.
Medical Fluid Solutions (MFS)
Fiscal 2025 Revenue
$835M16%
19%
65%
Geographic Diversification
Americas
Europe
AsiaFiscal 2025 EBITDA
37%$565
$835
Historical 5 Yr. Sales CAGR
8%
2020 2025
Strategic FocusDifferentiated single-use component solutions and devices:
Surgical solutions, including minimally invasive
Medical fluid management components
Medical device manufacturing
Industrial technologies
Driving growth through differentiated products in defined market niches
Scaling through M&A, both platform and technology tuck-in
Industrial Technology
24% of MFS Sales
Minimally Invasive Surgical
36% of MFS Sales
Specialty Medical
40% of MFS Sales
% of Revenue / Applications / Growth Rates
MFS End Markets
Surgical, ECMO, Biopharma, Patient Care, Animal Health and Device Manufacturing
Cardiovascular, Structural Heart, Neurovascular and Gastroenterology
Electronics and Wireless, EV, Industrial, Aviation and Marine Safety
Market Growth Rate
Market Growth Rate
Market Growth Rate
5-7% 8%+ 3-4%What We Do: Design and develop proprietary technologies found in progressive stages of an electronics customer's production processes, such as surface treatment, precisely controlled dispensing of material and test, inspection and measurement to ensure quality and reliability.
Advanced Technology Solutions (ATS)
Fiscal 2025 Revenue
$625M20%
13%
67%
Geographic Diversification
AmericasEurope
Asia
Fiscal 2025 EBITDA
24%Historical 5 Yr. Sales CAGR
9%
Strategic FocusSemiconductor front-end manufacturing process
$625
$413
Semiconductor advanced packaging process
Automotive electronics market
Deploy NBS Next to expand our margins and position us for growth
2020 2025
Industrial 15% of ATS Sales
Automotive Electronics 10% of ATS Sales
General Electronics 25% of ATS Sales
Semiconductors
50% of ATS Sales
% of Revenue / Applications / Growth Rates
ATS End Markets
Process control for wafer processing
Wafer level and chip level inspection and metrology
Underfill dispense for advanced packaging
PCBA inspection and metrology for solder paste and component placement
Precision dispense for surface mount applications
PCBA inspection and metrology for solder paste and component placement
Precision dispense for surface mount applications
Conformal coating of PCBA
Integrated controls and technology to precisely measure outputs, such as film extrusion and converting, cable and tubing, and energy storage
Proprietary 3D optical sensing and measurement capabilities
Market Growth Rate
Market Growth Rate Market Growth Rate
Market Growth Rate
6-8% 3-5% 2-4% 1-3%
Why Invest in Nordson?
A Growth Portfolio Ready to Accelerate
2014 (FY Revenue $1.7B)
2025 (FY Revenue $2.8B)
39%
Systems
61%
Systems
Parts / Service
60%
Parts / Service
40%
Information is for directional purposes only.
29% Growth
12%
13%
52% Growth
24%
5%
15
42%
23%
6%
End Markets
Electronics Medical
Non-Durables Industrial Other
23%
27%
25%
End Markets
Electronics Medical
Non-Durables Industrial Other
2025-2029 Financial Targets
Growth Compounder
Revenue Growth
6-8%Adjusted EPS Growth
10-12%Average annual growth
Engaged Employees Driven by Nordson Values
Driving profitable growth by selecting and investing disproportionately in the best growth opportunities.
17
Entrepreneurial division-led organization:
Decisions close to the customer
Autonomy + Accountability
Clear line of sight to deploying NBS Next
18
A key ingredient to successful execution of the Ascend strategy:Leaders inspiring trust and building followership in the organization
Focus on inclusion and diversity in everything we do
Create an engaging culture that attracts and retains top talent
19
Strategic Criteria
Financial Criteria
Disciplined Approach to M&A
Serving attractive end market niches and applications
Differentiated product technologies/solutions
Additive to our growth focused portfolio
Growth at or above market rates with Nordson-like gross margins
EBITDA ~20+% with margin expansion opportunities
Returns that sufficiently exceed our cost of capital
20
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