| Nordson Posts Q1 Sales Up 26% |
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| Written by Chelsey Drysdale | |||
| Friday, 22 February 2013 13:50 | |||
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WESTLAKE, OHIO – Nordson reported first-quarter fiscal 2013 sales of $347 million, up 26% year-over-year. This includes an 8% increase in organic growth and an 18% increase related to the first year effect of acquisitions, the firm says. Net income grew to a first-quarter record of $42 million, up 9.6% compared to the first quarter of fiscal 2012. Organic growth in Advanced Technology Systems improved 8% year-over-year. Demand in mobile electronic device and medical remained solid, the firm says. Backlog at the end of the first quarter was approximately $189 million, up 25% compared with the end of the first quarter a year ago, and an increase of 7% compared to the end of the fourth quarter of fiscal 2012. For the second quarter of fiscal 2013, sales are expected to be in the range of $372 million to $387 million; growth is expected to be in the range of 18% to 23% year-over-year.
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