WESTLAKE, OH – Nordson reported fiscal second quarter net sales of $553.7 million, up 11.6% year-over-year.

Revenues of adhesive dispensing systems for the April quarter were $69.5 million, up 5.8% compared to the same quarter last year. Sales of advanced technology systems were up 7.4% year-over-year to $58.3 million. Industrial coating systems generated revenues worth $11.6 million, up 12.9%.

At the end of the fiscal second quarter, the company had cash and marketable securities worth $155.9 million, up from $90.4 million recorded at the end of fiscal 2017. Long-term debt was $1.31 billion, up from $1.26 billion million reported as of Oct. 31.

For the fiscal third quarter, Nordson anticipates its sales to lie in the range of up 1% to down 3%.

Among Nordson’s brands are Nordson Asymtek, Nordson March, Nordson Dage, Nordson YesTech, Nordson Sonoscan, Nordson EFD, and Nordson Select.

• Prev
• Next