WESTLAKE, OH – Nordson reported fiscal first quarter sales of $95 million, down 1% year-over-year.

For the quarter ended Jan. 31, net income was $52 million, up 6.1% compared to the same period in the prior year. Operating profit was $75 million, down 10.7%.

Adhesive Dispensing Systems sales decreased 2% year-over-year. Advanced Technology Systems sales decreased approximately 1%. Industrial Coating Systems sales increased 9% year-over-year.

The first quarter’s acquisitive growth includes the fiscal 2019 acquisition of Optical Control.

“Our first quarter performance for both sales and operating margin was in line with expectations and reflects our normal seasonality,” said Sundaram Nagarajan, Nordson president and CEO. “Our spending is generally consistent throughout the year due to our direct sales model and strong customer focus, resulting in lower operating margin in our first fiscal quarter.”

Backlog for the quarter ended Jan. 31 was approximately $430 million, a decrease of 1% compared to the same period a year ago.

“We remain on track with fiscal 2020 guidance, where we expect organic sales growth in the range of 1 to 3% compared to fiscal 2019. With our typical seasonality, we expect our second half of the fiscal year to drive this growth.”

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

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