Nordson Corporation (NASDAQ:NDSN) reported record fiscal second-quarter sales of $741 million, an 8% increase from the previous year, driven by broad-based organic growth across all business segments. Adjusted earnings per share were $2.86, up 18% year-over-year, exceeding the midpoint of company guidance. The backlog increased by 18% from the prior year, indicating robust demand momentum.
The Industrial Precision Solutions segment achieved record sales of $350 million, while Medical and Fluid Solutions and Advanced Technology Solutions also reached all-time highs with sales of $213 million and $178 million, respectively. EBITDA for the quarter hit a record $235 million, representing 32% of total sales. Nordson’s debt improved significantly, with a leverage ratio of 1.9 times at quarter-end.
Looking forward, Nordson projects third-quarter sales between $760 million and $790 million and has raised its full-year sales outlook to between $2.93 billion and $3.01 billion. The acquisition of Capstan AG in the quarter, valued at nine times adjusted EBITDA, aims to strengthen Nordson’s precision agriculture capabilities.
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