WESTLAKE, OH -- Nordson's electronics manufacturing and inspection equipment segment reported big gains in the fourth quarter ended Oct. 31. The conglomerate's Advanced Technology Systems unit's sales rose 42.7% to $103.9 million, while the Adhesive Dispensing Systems unit's sales were up 9.3% to $142.6 million.

The Adhesive Dispensing Systems unit had an operating margin of 33%, while Advanced Technology Systems' operating margin was 25%. Both units also reported operating profits. ATS includes Asymtek EFD, Dage and YesTech.

For the quarter, the company reported sales of $290 million, up 22% year-over-year. Operating profit was $73 million and net income reversed a $209 million loss last year, surging to $54 million.

For the year, overall sales was $1.04 billion, up 27% over the previous year. Operating profit was $235 million, net income was $168 million, both full-year records.

Order rates for the 12-week period ending Dec. 5, rose 22% over a year ago, and backlog up 60% to was $128 million.

Nordson guided for first fiscal quarter sales of $260 million to $268 million, up 18 to 22% after currency adjustments.

 

Ed.: Earlier versions of this story incorrectly reported Asymtek and EFD were part of the Adhesive Dispensing Systems unit.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article
Don't have an account yet? Register Now!

Sign in to your account