Nordson Corp
NASDAQ:NDSN
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Nordson Corp
In the bustling world of industrial precision technology, Nordson Corporation quietly excels, carving its niche from the seemingly mundane to the extraordinarily intricate. Founded in 1954, this innovative powerhouse originally dipped its toes into manufacturing by perfecting adhesive dispensing equipment and soon evolved to command a vast empire across numerous industrial sectors. Picture Nordson as an artisan weaver, meticulously threading together various symbiotic technologies that optimize productivity and efficiency for its clients around the globe. From adhesive bonding to advanced precision dispensing and even plastic extrusion, Nordson’s efforts ensure that products from smartphones to automobiles are crafted with pinpoint precision.
Nordson’s prowess lies not only in its expansive portfolio of technology solutions but also in its robust business model that generates a steady stream of recurring revenue. The company's operations divide mainly into three core segments: Adhesive Dispensing Systems, Advanced Technology Systems, and Industrial Coating Systems. Through the sale of high-margin consumable products and provision of essential maintenance services, Nordson surrounds its customers with ongoing support that extends far beyond the initial product sale. This model cultivates lasting client relationships, ensuring a cycle of continuous collaboration and innovation. In essence, Nordson crafts a narrative of reliability and technological advancement, focusing on the incremental yet crucial enhancements that drive industry standards forward.
In the bustling world of industrial precision technology, Nordson Corporation quietly excels, carving its niche from the seemingly mundane to the extraordinarily intricate. Founded in 1954, this innovative powerhouse originally dipped its toes into manufacturing by perfecting adhesive dispensing equipment and soon evolved to command a vast empire across numerous industrial sectors. Picture Nordson as an artisan weaver, meticulously threading together various symbiotic technologies that optimize productivity and efficiency for its clients around the globe. From adhesive bonding to advanced precision dispensing and even plastic extrusion, Nordson’s efforts ensure that products from smartphones to automobiles are crafted with pinpoint precision.
Nordson’s prowess lies not only in its expansive portfolio of technology solutions but also in its robust business model that generates a steady stream of recurring revenue. The company's operations divide mainly into three core segments: Adhesive Dispensing Systems, Advanced Technology Systems, and Industrial Coating Systems. Through the sale of high-margin consumable products and provision of essential maintenance services, Nordson surrounds its customers with ongoing support that extends far beyond the initial product sale. This model cultivates lasting client relationships, ensuring a cycle of continuous collaboration and innovation. In essence, Nordson crafts a narrative of reliability and technological advancement, focusing on the incremental yet crucial enhancements that drive industry standards forward.
Record Sales: Nordson delivered record sales of $2.8 billion for fiscal 2025, up 4% from last year, and $752 million in Q4, up 1% year-over-year.
Profitability Gains: Adjusted EPS grew 9% in Q4 to $3.03, hitting the high end of guidance, and full year adjusted EPS reached a record $10.24, up 5%.
Strong Margins: EBITDA margin expanded to 34% in Q4, with Medical segment EBITDA margin hitting 40%.
Cash Generation: Record free cash flow of $661 million for the year (136% of net income), supporting $300 million in share repurchases, dividend growth, and debt reduction.
Portfolio Actions: The Atrion Medical acquisition and divestiture of the medical contract manufacturing business strengthened the portfolio and improved margins.
Guidance for 2026: 2026 sales expected to grow 1–6% over 2025; adjusted EPS expected to rise 6–12%; Q1 sales guidance is $630–670 million with adjusted EPS of $2.25–2.45.
Market Stabilization: Key headwinds in polymer processing and automotive are seen as past; backlog up 5% year-over-year signals a strong start for 2026.
