News
FRAMINGHAM, MA – Despite the continuing global macroeconomic problems, semiconductor inventory overbuild early this year, and current DRAM oversupply, semiconductor revenues will grow 3.1% to $305 billion in 2012, according to IDC.
FRAMINGHAM, MA – Worldwide media tablet shipments rose 23.9% sequentially in the third calendar, reaching 18.1 million units, according to IDC.
WESTLAKE, OHIO – Nordson Corp. reported record fiscal fourth-quarter sales of $331 million, up 14% year-over-year.
Fourth-quarter net income was nearly $55 million, up 2.1% compared to 2010. Sales included an 8% increase in organic volume and a 3% increase from acquisitions. Backlogs at the end of the quarter were up 2% to $131 million.
Quarterly sales increased at a double-digit rate in all segments and all geographies compared to the year ago period, the firm says. Adhesive Dispensing Systems segment sales were up 14%. Advanced Technology Systems segment sales grew 15%. Industrial Coating Systems segment sales increased 11%.
Nordson is the parent company of Asymtek, YesTech, Dage and EFD, among others.
Sales for fiscal 2011 were $1.2 billion, up 18% over 2010. Net income for the year was $222.4 million, up 32.3% year-over-year.
For the first quarter of fiscal 2012, sales are expected to be in the range of $270 million to $281 million. This sales outlook indicates growth will be in the range of flat to up 4% compared to the first quarter a year ago.
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