WESTLAKE, OH – Nordson Corp. reported fiscal first quarter Advanced Technology Solutions sales of $238.2 million, up 3% year-over-year.

Acquisitions increased sales approximately 2%, and favorable currency impacts also added 2%, which was offset by an organic volume decrease of 1%. Sales growth in test and inspection and fluid dispense product lines was offset by weaker shipments in electronic dispense and medical interventional solutions product lines during the quarter.

For the period ended Jan. 31, operating profit for the segment was $47.2 million, 20% of sales, an increase of 46.2% compared to the fiscal first quarter of 2020.

Nordson ATS brands include Asymtek, Dage, March, Select, Sonoscan, YesTech and EFD.

Nordon’s total sales for the quarter were $527 million, up 6% year-over-year. The change in fiscal first quarter sales included an organic volume increase of 3%, a favorable effect from currency translation of 3%, and benefits from acquisitions.

Total net income was $78 million, up 49% year-over-year.

Total operating profit was $109 million, or 21% of sales, compared to prior year adjusted operating profit of $78 million. This 39% increase was driven by leveraging sales volume growth, benefits from structural cost-reduction actions taken in fiscal 2020, and an improved sales mix.

“I am very pleased with the solid start to the year, particularly in our return to year-over-year organic sales growth and the significant profit margin expansion as strategic actions taken in fiscal year 2020 began delivering results,” said Nordson president and CEO Sundaram Nagarajan. “While this remains a dynamic macro-environment, we are encouraged by the order entry momentum we started to see within the quarter, particularly in product lines serving the medical and electronics end markets. I am very thankful for the energy and commitment of our employees, who continue to manage through the uncertainty of Covid-19, while also deploying our new NBS Next growth framework and making a strong Nordson even stronger.”

Order entry trends consistently improved throughout the first quarter of fiscal 2021 across the majority of product lines, and backlog entering the fiscal second quarter was approximately $495 million, an increase of 7% compared to the same period a year ago.

Based on this backlog and order entry trend, and the correlation to sales timing, Nordson expects fiscal 2021 sales growth to be approximately 4% to 6%, inclusive of a 3% headwind from the divestiture.

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