NORDSON CORP has recently released its 10-Q report. Nordson Corporation engineers, manufactures, and markets products and systems used to dispense, apply, control, test, inspect, treat, and cure fluids and surfaces, with applications in industrial, medical, and electronics markets. The company sells through direct operations in more than 35 countries and reported about 8,200 employees worldwide as of July 31, 2026.
For the three months ended July 31, 2026, sales rose 10.3% to $817.7 million from $741.5 million a year earlier, while net income increased 21.5% to $152.8 million, or $2.73 per diluted share, from $125.8 million, or $2.22 per diluted share. For the nine months ended July 31, 2026, sales climbed 9.2% to $2.228 billion and net income advanced 21.2% to $403.5 million, or $7.20 per diluted share, from $332.8 million, or $5.83 per diluted share.
Gross margin was 55.5% in the quarter, up from 54.8%, and 54.9% year to date, up from 54.7%. Selling and administrative expenses increased to $230.6 million from $206.5 million in the quarter and to $637.2 million from $606.6 million in the nine-month period.
By segment, third-quarter sales were $367.2 million for Industrial Precision Solutions, $230.5 million for Medical and Fluid Solutions, and $219.9 million for Advanced Technology Solutions. ATS posted the fastest growth, with sales up 28.4% in the quarter and 20.5% over nine months, driven by electronics dispense and test-and-inspection products; IPS rose 4.7% in the quarter and 7.7% year to date; and MFS increased 5.0% in the quarter and 3.4% year to date.
Segment EBITDA in the quarter was $129.9 million for IPS, $88.3 million for MFS, and $65.7 million for ATS. ATS margin improved to 29.9% from 24.3% in the quarter and to 26.8% from 22.9% over nine months, while IPS margin slipped to 35.4% from 37.1% in the quarter and to 34.8% from 36.7% year to date.
Interest expense declined to $20.4 million in the quarter from $25.7 million and to $64.7 million year to date from $77.3 million, reflecting lower average debt levels. Other expense in the quarter widened to $16.8 million from $2.9 million, including $14.9 million of unrealized losses on minority investments.
Nordson recorded a $24.0 million pension settlement charge in the nine-month period after using $104.1 million of plan assets to buy a group annuity contract. Income tax expense was $33.1 million in the quarter, equal to 17.8% of pretax income, and $88.1 million year to date, equal to 17.9%.
Cash and cash equivalents increased by $5.0 million over the nine months to July 31, 2026. Operating cash flow was $570.5 million, up from $516.3 million, while the company used $55.5 million in investing activities and $510.7 million in financing activities. During the period, Nordson repaid $258 million of debt, repurchased $159 million of common shares, paid $137 million in dividends, and ended with $192 million of commercial paper outstanding and no borrowings on its $1.2 billion revolving credit facility. Today the company's shares have moved 8.42% to a price of $336.01. For the full picture, make sure to review NORDSON CORP's 10-Q report.
