WESTLAKE, OH – Nordson reported fiscal first quarter sales for the Advanced Technology Solutions segment were $285.2 million, up 19.8% year-over-year. Organic sales increased 21%, partially offset by an unfavorable currency impact of 1%. The segment had double-digit organic sales demand across all end markets, with particular strength in its electronics dispense and biopharma fluid component product lines.

ATS operating profit for the period ended Jan. 31 was $76.3 million, 27% of sales, an increase of 61.7% compared to the same quarter the prior year.

Nordson’s total sales for the fiscal first quarter were $609 million, up 16% year-over-year. The increase included organic volume growth of 16% and a favorable impact of acquisitions/divestitures of 2%, partially offset by unfavorable effects from currency translation of 2%. The organic sales increase was driven by strong demand across most end markets.

Adjusted operating profit was $157 million, growth of 44%.

“In line with our expectations, the first quarter results sustained the strong momentum from our record performance in fiscal 2021,” said Sundaram Nagarajan, president and CEO, Nordson. “Our teams did an outstanding job delivering double-digit sales growth across most end markets in the midst of supply chain constraints and labor shortages. I am very thankful for our employees, who are managing dynamic market conditions, deploying the NBS Next growth framework and ensuring we meet the needs of our customers.”

Orders remained strong throughout the fiscal first quarter, with a favorable book-to-bill ratio growing backlog to over $900 million. The company continues to see extended shipment request dates in conjunction with large orders from its customers in electronics, industrial and medical end markets.

Based on anticipated sales timing, supply chain constraints and labor availability, Nordson expects fiscal 2022 second quarter sales growth to be in the range of 6% to 10%.

For the full fiscal year 2022, revenue growth is estimated in the range of 7% to 10%.

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