WESTLAKE, OH – Nordson Corp. reported Advanced Technology Solutions segment sales of $290.8 million, up 17.6% year-over-year. Organic sales increased 13 percentage points, while favorable currency impacts and acquisitions added approximately three and two percentage points, respectively.  

Sales growth was driven by test and inspection product lines for electronics end markets and fluid management product lines for medical and industrial end markets.

Operating profit for the quarter ended Apr. 30 totaled $76.6 million, or 26% of sales, an increase of 30.5% compared to the prior year second quarter.

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

Nordson’s total sales were $590 million, an 11% increase compared to fiscal second quarter 2020. Robust growth in electronics and consumer non-durable end markets, as well as strengthening medical and industrial end markets, were the primary drivers of this performance.

The change in second quarter sales included an organic volume increase of 10%, a favorable effect from currency translation of 4%, offset by the net unfavorable impact of acquisitions and divestitures. When excluding the divested screws and barrels product line in the prior year for comparability purposes, sales growth would have been 15% in the current year quarter.

Total net income was $124 million, up 35% year-over-year. Total operating profit in the fiscal second quarter was $166 million, or 28% of sales, compared to prior year adjusted operating profit of $125 million. This 33% increase in adjusted operating profit was driven by sales volume leverage, improved sales mix, and benefits from structural cost reduction actions taken in fiscal 2020 and the recent screws and barrels product line divestiture. EBITDA for the second quarter of 2021 totaled $192 million, or 33% of sales.

“Broader end market demand accelerated in the quarter more quickly and to a higher level than we previously anticipated. I am very pleased with the dedication and agility of our teams as we delivered record revenue and operating results in the quarter,” said Nordson president and CEO Sundaram Nagarajan. “Based on our backlog and order trends, we expect this strength to continue and are raising our sales and earnings guidance for the full year fiscal 2021. Our priorities remain consistent: protect the health and safety of our employees, fully participate in the market recovery by meeting the needs of our customers, and deploy the Ascend Strategy. With this clear focus, we will continue to progress toward our long-term objectives of delivering top-tier growth with leading margins and returns.”

For the six months ended Apr. 30, the ATS unit posted sales of $528.9 million, growth of 10.6% year-over-year. Operating profit for the period was $123.8 million, up 36%.

The company expects total fiscal 2021 sales growth to be approximately 8% to 10% over fiscal 2020.

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