The following is a summary of the Nordson Corporation (NDSN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Nordson reported Q3 fiscal year 2024 revenue of $662 million, a 2% increase year-over-year.

• Adjusted earnings per share reached $2.41, surpassing guidance by $0.08.

• The company demonstrated a strong gross profit margin at 56% of sales, with EBITDA at over 31%.

• Third quarter free cash flow was robust at $143 million, representing 122% of net income.

Business Progress:

• Closure of the Atrion Medical acquisition, enhancing Nordson's portfolio in medical fluid components and interventional solutions.

• Significant sales growth, particularly in the Industrial Precision Solutions (IPS) segment, driven by organic growth and the ARAG acquisition.

Opportunities:

• Atrion acquisition broadens exposure to high-growth medical markets, enhancing long-term growth prospects.

• Positive trends in packaging, nonwovens, and optical sensors businesses indicate potential for market expansion and increased sales in these areas.

Risks:

• Continued softness in the electronics and certain medical product lines, leading to a decreased demand which may impact future performance.

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