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Nordson Corporation Reports Fiscal Year 2019 Second Quarter Results
- Sales were $551 million
- Operating profit was $129 million, or 23 percent of sales
- EBITDA was $156 million, or 28 percent of sales
- GAAP diluted EPS was $1.58; adjusted diluted EPS, which excludes discrete tax benefits in the quarter, was $1.54
WESTLAKE, Ohio--(BUSINESS WIRE)--May 20, 2019--Nordson Corporation(Nasdaq: NDSN) today reported results for the second quarter of fiscal year 2019. For the quarter ended April 30, 2019, sales were $551 million, which was a decrease of less than 1 percent compared to the prior year’s second quarter sales of $554 million. This change in second quarter 2019 sales included an increase of 3 percent organic volume, and a decrease related to the unfavorable effects of currency translation as compared to the prior year’s second quarter of 4 percent. Growth in the quarter related to the first year effect of the fiscal 2018 acquisition of Clada Medical Devices was not significant.
In the second quarter of fiscal year 2019, reported operating profit was $129 million, net income was $92 million, and GAAP diluted earnings per share were $1.58, inclusive of a $0.04 per share discrete tax benefit related to share-based compensation. Prior year second quarter operating profit, net income and GAAP diluted earnings per share were $129 million, $91 million and $1.55, respectively. A reconciliation of GAAP diluted earnings per share to adjusted diluted earnings per share and calculations for EBITDA, adjusted EBITDA, free cash flow before dividends, and adjusted free cash flow before dividends are included in the attached financial exhibits.
The following information was filed by Nordson Corp (NDSN) on Monday, May 20, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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