Interviews
Nordson Q1 sales grow 20% to $245mn
22 Feb '08
4 min read
Order rates for the 12 week period ending February 17, 2008, measured in constant currency, increased 8 percent over the same period a year ago. Order rates by segment and geography are provided in the accompanying financial tables, with pro-forma growth in order rates calculated as though fiscal year 2007 acquisitions were owned in both years.
Backlog at the end of the first quarter was approximately $131 million, an increase of 24 percent compared with $106 million for the same period a year ago. Backlog increased by approximately $32 million or 32 percent during the quarter. Backlog amounts are calculated at January 31, 2008 exchange rates.
For the second quarter of fiscal year 2008, sales are expected to reach a record level, with growth of 14 to 18 percent over the same period a year ago. Diluted earnings per share are also expected to reach a record level, with guidance in the range of $.77 to $.86. The midpoint of this guidance represents a 34 percent increase over diluted earnings per share of $.61 in the prior year.
“With a strong first quarter behind us and a positive outlook for the second quarter, 2008 remains on pace to be another record year for Nordson,” said Campbell. “We continue to see opportunity in a broadening group of markets and customers worldwide, as our recent acquisitions continue to strengthen our portfolio of precision solutions. In addition, our global diversification also gives us the confidence to weather any regional economic fluctuations should they occur.”
Except for historical information and comparisons contained herein, statements included in this release may constitute “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors, as discussed in the company's filing with the Securities and Exchange Commission that could cause actual results to differ.
Nordson Corporation is one of the world's leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes.
Backlog at the end of the first quarter was approximately $131 million, an increase of 24 percent compared with $106 million for the same period a year ago. Backlog increased by approximately $32 million or 32 percent during the quarter. Backlog amounts are calculated at January 31, 2008 exchange rates.
For the second quarter of fiscal year 2008, sales are expected to reach a record level, with growth of 14 to 18 percent over the same period a year ago. Diluted earnings per share are also expected to reach a record level, with guidance in the range of $.77 to $.86. The midpoint of this guidance represents a 34 percent increase over diluted earnings per share of $.61 in the prior year.
“With a strong first quarter behind us and a positive outlook for the second quarter, 2008 remains on pace to be another record year for Nordson,” said Campbell. “We continue to see opportunity in a broadening group of markets and customers worldwide, as our recent acquisitions continue to strengthen our portfolio of precision solutions. In addition, our global diversification also gives us the confidence to weather any regional economic fluctuations should they occur.”
Except for historical information and comparisons contained herein, statements included in this release may constitute “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors, as discussed in the company's filing with the Securities and Exchange Commission that could cause actual results to differ.
Nordson Corporation is one of the world's leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes.
Nordson Corporation
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