WESTLAKE, OH -- Electronics equipment OEM Nordson today reported record first-quarter sales, operating profit and net income.

For the quarter ended Jan. 31, net profits were up 72% to $45.9 million. Sales were up 23% over last year to $271 million. The operating profit was up 83% to $66 million.

Nordson is parent to Asymtek, EFD and other leading suppliers to the electronics and printed circuit board manufacturing industry. The company's Advanced Technology Systems’ unit saw volume grow 31% year-over-year to $96.6 million, operating profit nearly double to $23 million, and operating margin rise seven percentage points, to 24%.

Nordson generated double digit percentage year-over-year sales increases in all three business segments and in every geographic region compared to the first quarter a year ago. All three segments also delivered significantly improved operating margin.

Nordson forecast second-quarter sales of $308 million to $318 million, an increase of 20 to 24% from last year, not adjusted for currency translation.

President and CEO Michael Hilton said, “Growing consumer confidence, improving credit flow, clearer tax policy, and greater ability to manage sovereign debt issues have combined to encourage customers to invest. The strong year-over-year sales growth we have delivered over the past several quarters and have forecasted for the second quarter of 2011 is reflective of this environment. We expect the rapid growth associated with the recovery phase of the cycle to moderate toward more normal and sustainable levels of growth as the year progresses."

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