Nordson Corp is setting quarterly records in sales and income.
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Nordson is setting profitability records WESTLAKE, Ohio -- Sales and profits continue to set records at Nordson Corp., a global maker of precision dispensing equipment for applying industrial coatings, including liquid and powder coatings, adhesives, and sealants.
For the fiscal quarter ending April 30, sales were $417 million, a 9 percent increase of the second quarter of 2013. About 4 percent of the increase was organic growth, the other 5 percent due to Nordson's acquiring other companies.
Net income was $62 million, or 96 cents per share. In the same period last year, net income was $54.6 million, or 84 cents per share.
"Given the soft macroeconomic environment I am pleased with the solid organic growth of 4 percent in the quarter," Michael Hilton, president and CEO, told analysts in a teleconference call now available on the company's website. "This growth was broad-based and included the majority of our product lines and regions."
The company expects sales to increase 9 to 13 percent in the third quarter over the third quarter of 2013 and earnings per share to range between $1.06 and $1.16
The results were good news for investors. Nordson's share price increased by 9.32 percent on the Nasdaq, closing the day at $81.86 per share.
