Q2 2026 Nordson Corp Earnings Call Transcript
Key Points
- Nordson Corp (NDSN) reported record sales of $741 million for the second quarter, marking an 8% increase over the prior year.
- The company achieved a record EBITDA of $235 million, representing 32% of sales, and an 18% increase in adjusted earnings per share to $2.86.
- Nordson Corp (NDSN) maintained a strong free cash flow of $170 million, with a conversion rate over 100% of net income.
- The acquisition of CapstanAG is expected to enhance Nordson's precision agriculture portfolio, providing growth opportunities in North America.
- All three business segments contributed to organic growth, with notable strength in the Advanced Technology Solutions segment, which achieved an all-time quarterly record in sales and EBITDA margin.
- The EBITDA margin as a percent of sales remained flat year-over-year, indicating challenges in achieving margin expansion.
- The company faced a one-time $24 million pretax charge due to a pension settlement transaction, impacting non-GAAP earnings.
- There were $10 million in noncash mark-to-market charges for minority investments, reflecting fluctuations in investment value.
- The Medical and Fluid Solutions segment experienced slightly compressed EBITDA margins due to near-term product start-up headwinds.
- Nordson Corp (NDSN) operates in an inflationary environment, which has impacted incremental EBITDA contribution and poses challenges for margin expansion.
Ladies and gentlemen, thank you for joining us, and welcome to Nordson Corporation's second-quarter fiscal year 2026 conference call. After today's prepared remarks, we will host a question-and-answer session. (Operator Instructions)
I will now hand the conference over to Lara Mahoney. Lara, 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, May 21, to report Nordson's fiscal 2026 second-quarter results.
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 www.nordson.com/investors. This conference call is being
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