Q1 2026 Nordson Corp Earnings Call Transcript
Key Points
- Nordson Corp (NDSN) achieved a record first-quarter sales of $669 million, marking a 9% increase over the prior year with 7% organic growth.
- The Advanced Technology Solutions (ATS) segment showed notable strength, growing over 20% due to momentum in the semiconductor end market.
- Adjusted earnings per share increased by 15% compared to the prior year, setting a first-quarter record.
- Free cash flow was strong at $123 million, with a cash flow conversion rate over 100% of net income.
- Nordson Corp (NDSN) increased its full-year guidance, reflecting confidence in continued order momentum and increased backlog.
- EBITDA margins remained flat at 30% due to geographic and product mix headwinds, particularly in Asia where gross margins are generally lower.
- Medical and Fluid Solutions sales were relatively flat compared to the prior year, with only a 3% organic sales increase.
- The company faced a slower start in the Medical and Fluid Solutions segment, partly due to weather-related disruptions impacting production.
- Net interest expense was $23 million, although it decreased by $3 million versus the prior year.
- The company noted potential broader pullback in end market demand in the second half, which could impact the lower end of their guidance.
Hello, everyone. Thank you for joining us, and welcome to the Nordson Corporation first-quarter fiscal year 2026 conference call. (Operator Instructions)
I will now hand the call over to Lara Mahoney. Please go ahead.
Thank you. Good morning. This is Lara Mahoney, Vice President of Investor Relations and Corporate Communications. I'm here with Sundaram Nagarajan, our President and Chief Executive Officer; and Dan Hopgood, Executive Vice President and Chief Financial Officer. We welcome you to our conference call today, Thursday, February 19 to report Nordson's fiscal 2026 first quarter results.
You can find both our press release as well as our webcast slide presentation that we will refer to on today's call on our website at www.nordson.com/investors. This conference call is being broadcast live on our investor website and will be available there for 30 days.
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