Nordson Q3 sales, net income and EPS announced
Aug 24, 2005
Nordson Corporation (Nasdaq: NDSN) announced record sales, net income and earnings per share for its third quarter, which ended July 31, 2005. Net income grew to $18.6 million, which increased $1.3 million from the $17.3 million earned in the prior year. Diluted earnings per share were $.50 compared with $.47 for the third quarter of 2004. Current period results include a favorable earnings per share effect of $.03 related to the recognition of foreign tax credits net of higher state income tax expense.
Worldwide sales for the third quarter reached $201.6 million, a 2 percent increase over sales of $197.9 million for the same period of 2004. The increase was attributable to favorable currency associated with a weaker U.S. dollar relative to the third quarter of 2004.
Third-quarter sales volume for the company's advanced technology segment was up 19 percent while volume in the finishing and adhesive dispensing segments was down 1 percent and 6 percent, respectively.
On a geographic basis, third-quarter volume was 22 percent higher in the Asia-Pacific region, up 8 percent in Japan, flat in the United States, and down 10 percent and 7 percent in the Americas and Europe, respectively.