Nordson (NDSN) 10-K Summaries & Annual Filing History
Review Nordson Corporation (NDSN) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Oct 31, 2025 · FY2025 10-K
Nordson Corporation filed its annual report for the fiscal year ended October 31, 2025. The filing describes the company's business, financial results, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.8B
Revenue reported for the fiscal year.
Operating income
$711.7M
Income from operations reported for the year.
Net income
$484.5M
Net income reported for the year.
Operating cash flow
$719.2M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2022 | $2.6B | +9.7% |
| Oct 31, 2023 | $2.6B | +1.5% |
| Oct 31, 2024 | $2.7B | +2.3% |
| Oct 31, 2025 | $2.8B | +3.8% |
Business overview
Nordson Corporation manufactures precision dispensing, coating, and adhesive application equipment for industrial and consumer markets. The company's products are used in sectors such as electronics, medical, packaging, and general assembly. Manufacturing relies on raw materials and intellectual property, and the business faces competitive conditions and seasonal variation.
Financial performance
Revenue increased over the prior year, reaching the reported level. Operating income and net income also rose, supported by higher revenue and operational efficiency. Cash flow from operations improved significantly, driven by net income and favorable changes in working capital.
Material risks
The filing identifies risk factors in Item 1A, including competitive conditions, reliance on intellectual property, and compliance with governmental regulations. The company also faces risks related to foreign operations, as a significant portion of cash is held at foreign subsidiaries.
Liquidity and capital
The company used strong operating cash flow to repurchase common shares, reduce long-term debt, pay dividends, and fund capital projects. Cash and cash equivalents decreased slightly, with most held overseas.
What to watch
Monitor changes in working capital, particularly accounts payable and customer advance payments, which drove cash flow improvement.