Q4 2024 Nordson Corp Earnings Call Transcript
Key Points
- Nordson Corp (NDSN) achieved record sales of $2.7 billion and record EBITDA of $849 million, representing 32% of sales.
- The company successfully integrated the Atrion acquisition, contributing to a 6% increase in fourth-quarter sales.
- Nordson Corp (NDSN) reported a strong cash flow year with $492 million in free cash flow and a conversion rate of 105% on net income.
- The Advanced Technology Solutions segment returned to growth with a 5% increase in sales and achieved a 27% EBITDA margin.
- The company increased its annual dividend by 15%, marking the 61st consecutive year of annual increases.
- Organic sales were down 3% in the fourth quarter, driven by declines in the Industrial Precision Solutions and Medical and Fluid Solutions segments.
- The company faces challenging year-over-year comparisons in its Industrial Precision Solutions segment, impacting organic growth.
- Nordson Corp (NDSN) anticipates muted large capital investments in the near term, particularly in polymer processing product lines.
- The Medical and Fluid Solutions segment experienced a 3% decline in organic sales due to softness in medical interventional solutions.
- The company expects a negative 1.5% impact from foreign exchange rates on fiscal 2025 sales.
Thank you for standing by and welcome to the Nordson Corporation fourth quarter fiscal year-2024 conference call. (Operator Instructions)
Thank you. I'd now like to turn the call over to Lara Mahoney, Vice President of Investor Relations and Corporate Communications. You may begin.
Thank you. Good morning. This is Lara Mahoney, Vice President of Investor Relations and Corporate Communications. We welcome you to our conference call today, Thursday, December 12, 2024 to report Nordson's fiscal year 2024. fourth quarter and full year results.
I'm here with Sundaram Nagarajan, our President and CEO; and Dan Hopgood, Executive Vice President and Chief Financial Officer. You can find both our press release as well as our webcast slide presentation that we will refer to during today's call on our website at nordson.com/investors.
This conference call is being broadcast live on our investor website and will be available there for 14 days. There
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