AI English summary of an SEC filing — figures as filed
Nordson NDSNThe company said sales for the 3-month period ended January 31, 2024 were $633,193, up 3.7% from a year earlier. It cited an acquisition effect of 5.4% and a currency translation effect of 0.5%. Organic sales fell 2.2%, which it attributed to ongoing pressure in electronics product lines.
Key points
AI summaryThe company said sales for the 3-month period ended January 31, 2024 were $633,193, up 3.7% from a year earlier. It cited an acquisition effect of 5.4% and a currency translation effect of 0.5%. Organic sales fell 2.2%, which it attributed to ongoing pressure in electronics product lines.
The company said its gross profit margin for the quarter rose to 55.0% from 53.9% a year earlier, and operating profit rose to $159,435, or 25.2% of sales, from $144,219 (23.6%) a year earlier. It cited improved manufacturing efficiencies and favorable mix as factors.
The company said net income for the quarter was $109,572 ($1.90 per diluted share), up 5.1% from $104,261 ($1.81 per share) a year earlier. Interest expense for the same period was $21,442, up from $10,530 a year earlier. It cited higher average debt levels from acquisitions as the reason.
The company said operating cash flow for the 3 months was $172,356, up from $123,337 a year earlier. Over the same period, it made net repayments of long-term debt of $107,195, paid dividends of $38,855 and repurchased treasury shares for $7,371. Cash and cash equivalents increased by $20,522.
Key figures
Quarter ended January 31, 2024
- Revenue
- $633M
- Operating income
- $159M
- Net income
- $110M
- EPS
- $1.90
- Operating cash flow
- $172M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Nordson QJanuary 31, 2024 sales of $633,193; organic sales down 2.2%
The company said sales for the 3-month period ended January 31, 2024 were $633,193, up 3.7% from a year earlier. It cited an acquisition effect of 5.4% and a currency translation effect of 0.5%. Organic sales fell 2.2%, which it attributed to ongoing pressure in electronics product lines.
Source · Based on the MD&A text of the filing
Gross Margin at 55.0%, Operating Margin at 25.2%
The company said its gross profit margin for the quarter rose to 55.0% from 53.9% a year earlier, and operating profit rose to $159,435, or 25.2% of sales, from $144,219 (23.6%) a year earlier. It cited improved manufacturing efficiencies and favorable mix as factors.
Source · Based on the MD&A text of the filing
Net Income $109,572, Diluted EPS $1.90, Interest Expense $21,442
The company said net income for the quarter was $109,572 ($1.90 per diluted share), up 5.1% from $104,261 ($1.81 per share) a year earlier. Interest expense for the same period was $21,442, up from $10,530 a year earlier. It cited higher average debt levels from acquisitions as the reason.
Source · Based on the MD&A text of the filing
Operating Cash Flow $172,356, Net Long-Term Debt Repayments $107,195
The company said operating cash flow for the 3 months was $172,356, up from $123,337 a year earlier. Over the same period, it made net repayments of long-term debt of $107,195, paid dividends of $38,855 and repurchased treasury shares for $7,371. Cash and cash equivalents increased by $20,522.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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