Nordson (NDSN) 10-K Summary — Year Ended Oct 31, 2024
Nordson Corporation filed its annual report for the fiscal year ended October 31, 2024. The filing describes the company's business, financial results, risk factors, and liquidity position.
Key takeaway
Year ended Oct 31, 2024 · FY2025 10-K
Nordson Corporation filed its annual report for the fiscal year ended October 31, 2024. 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
$2.7B
Revenue reported for the fiscal year.
Operating income
$674M
Income from operations reported for the year.
Net income
$467.3M
Net income reported for the year.
Operating cash flow
$556.2M
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, 2021 | $2.4B | n/a |
| Oct 31, 2022 | $2.6B | +9.7% |
| Oct 31, 2023 | $2.6B | +1.5% |
| Oct 31, 2024 | $2.7B | +2.3% |
Business overview
Nordson Corporation designs, manufactures, and markets precision dispensing equipment and related technologies. The company's principal products serve a variety of end markets, including industrial, packaging, electronics, medical, and energy. Manufacturing relies on raw materials and components sourced globally, and the company holds intellectual property that supports its competitive position.
Financial performance
Revenue increased from the prior year, reaching the reported level. Operating income and net income were both positive, and operating cash flow remained strong. The trend shows revenue growth over the past several years, with the most recent year showing a modest increase.
Material risks
The filing identifies risk factors in Item 1A, which include competitive conditions, compliance with governmental regulations, and reliance on intellectual property. The company also faces risks related to global operations, including foreign currency exposure and supply chain dependencies.
Liquidity and capital
Cash and cash equivalents increased during the year, with a significant portion held by foreign subsidiaries. The company used cash for acquisitions, capital expenditures, dividends, and share repurchases, while also issuing long-term debt to support these activities.
What to watch
Monitor the impact of acquisition spending on future operating cash flows and debt levels.