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Nordson reported second-quarter sales of $741 million, an 8 percent increase from the prior year. The company raised its full-year sales and earnings guidance after completing a small acquisition.
sixcolors.comNordson reported record second-quarter sales of $741 million for fiscal 2026, an 8 percent increase from $683 million in the same quarter last year. Organic sales grew 7 percent, with all three business segments contributing to the increase. Currency translation added another 3 percent to reported sales, while the prior-year divestiture of a medical contract manufacturing business and the current-quarter acquisition of Capstan Ag produced a small net offset.
Adjusted operating profit rose 11 percent to $199 million, or 27 percent of sales. 86. Free cash flow totaled $170 million, exceeding 100 percent of net income. The company used the cash for share repurchases, dividend payments, and debt management while maintaining its investment program.
Nordson acquired Capstan Ag, a precision agriculture company in North America, for a multiple of nine times adjusted EBITDA. The transaction expands the company's offerings to mid-tier agricultural equipment makers. 80. The updated outlook reflects continued backlog growth and order momentum.
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cnbc.comFederal Reserve Governor Christopher Waller said an above-target core inflation reading this week would require the FOMC to consider raising rates soon. He added that several months of cooler data are needed before he would view inflation as clearly declining toward the 2 percent…
middleeasteye.netHome Secretary Shabana Mahmood on 13 July 2026 announced the proscription of Iran's Islamic Revolutionary Guard Corps along with two other groups. Support for the organizations will become a criminal offense carrying up to 14 years in prison. The measures also expand police and i…
globalnews.caFifty-four financial and technology firms have joined a UK government taskforce to develop live tokenization use cases, beginning with tokenized repurchase agreements. The group includes BlackRock, JPMorgan, Goldman Sachs, Coinbase, Ripple, and Circle.