| Nordson's Q1 Sales, Profits Jump |
|
|
| Written by Mike Buetow | |||
| Tuesday, 23 February 2010 10:17 | |||
|
WESTLAKE, OH -- Nordson Corp. reported first-quarter sales rose 18% year-over-year to $221 million. Sales were up 12% on volume and 6% on currency translation for the quarter ended Jan. 31. The net income was $26.7 million, up from $11.2 million a year ago. Operating profit was $36 million, up 277% over a year ago. Nordson delivered year-over-year sales increases in all three business segments and in nearly every geographic region. “We continued to see the strong return of demand in our Advanced Technology segment, where sales improved by 36% over the prior year, and operating margin reached 18%,” said chief executive Michael Hilton. “Adhesive Dispensing sales grew by 12% over the prior year, and operating margin remained very strong at 28%. Within Industrial Coating Systems, demand from consumer durable goods manufacturers remained soft, though order rates in this segment improved in the later part of the quarter.” Nordson is parent company to EFD, Asymtek, Dage, YesTech and other electronics assembly suppliers. Order rates for the period ended Feb. 14 rose 33% over the same period a year ago. Backlogs at the end of the first quarter were approximately $102 million, up 26% from year ago and 31% sequentially. Nordson guided for a second-quarter sales increase of 26 to 30%
|
|||
| Last Updated on Tuesday, 23 February 2010 10:45 |
Columns
| What’s Driving Electronics Packaging and Assembly Trends? |
Multi-die configurations and a switch to copper wires are rampant, and supercomputers are why. |
| Read more... |
| Bridging at Reflow |
What causes it, and can it be eliminated? |
| Read more... |
Features
| Current Trends in Conformal Coatings |
Custom formulations have become the norm. |
| Read more... |
| The Worldwide Industrial Electronics Assembly Markets Defined |
Test, clean energy and process control represent huge potential for EMS. |
| Read more... |
Products
ScanExpress version 7.7 boundary scan tool suite includes improved constraints handling, support for multi-core devices, and new JTAG Embedded Test support for additional Freescale and Texas...


