| Nordson Reports Record Q1 Sales of $245M |
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| Friday, 22 February 2008 05:38 | |||
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WESTLAKE, OH – Nordson Corp., producer of precision dispensing equipment, reported record first quarter sales of $245 million, up 20% year-over-year. The company said net income was $21.3 million, up 37% compared to the same period last year. Volume increased 15%, with the remainder coming from favorable effects of currency translation, Nordson said. Operating profit for the quarter improved to a record $36 million, up 29% compared to the same quarter last year. Revenue increased 41% in the advanced technology segment, 13% in the adhesive dispensing segment, and 8% in the industrial coating and automotive segment, according to Nordson. First quarter sales increased 44% in Asia Pacific, 19% in Europe, 18% in Japan, 14% in the U.S. and 8% in the Americas. Backlog at the end of the quarter was approximately $131 million, an increase of 24% year-over-year. For the second quarter, sales are expected to reach a record level, with growth of 14 to 18% over the same period a year ago.
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| Last Updated on Friday, 22 February 2008 05:40 |
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