Nordson (NDSN) FY2012 results: revenue $1.4 billion, up 14.3% on the year
Nordson Corp. (NDSN) reported revenue of $1.4 billion for fiscal 2012, the year ended 31 October 2012, up 14.3% on the year before. Net income was $225 million, up 1.1%, and diluted earnings per share $3.45. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2012.
Revenue
$1.4 billion
+14.3% on the year
FY2008FY2012
Operating margin
23.8%
25.6% a year earlier
FY2008FY2012
Net income
$225 million
+1.1% on the year
FY2008FY2012
Diluted EPS
$3.45
+6.2% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,410
1,233
1,042
+14.3%
Cost of revenue
586
485
420
+21.0%
Gross profit
823
748
622
+10.0%
Gross margin
58.4%
60.7%
59.7%
Research and development
36.5
27.0
23.8
+35.3%
Selling, general and administrative
488
429
385
+13.6%
Operating income
335
316
235
+6.3%
Operating margin
23.8%
25.6%
22.5%
Interest expense
11.2
5.1
6.3
+120.0%
Pre-tax income
326
315
231
+3.7%
Income tax
101
92.2
63.3
+10.0%
Effective tax rate
31.1%
29.3%
27.4%
Net income
225
222
168
+1.1%
Net margin
16.0%
18.0%
16.1%
Diluted EPS
$3.45
$3.25
$2.46
+6.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
274
247
140
+11.2%
Capital expenditure
31.0
20.2
14.3
+53.0%
Free cash flow
243
226
126
+7.5%
Free cash flow margin
17.3%
18.4%
12.1%
Cash from investing
-467
-306
-41.3
Cash from financing
197
50.7
-79.3
+288.2%
Depreciation and amortisation
39.0
28.8
n/a
+35.5%
Share-based compensation
10.4
8.8
7.6
+17.2%
Buybacks
88.5
138
24.9
-35.9%
Dividends paid
33.8
29.8
26.4
+13.3%
Dividend per share
$0.53
$0.44
$0.39
+19.3%
Diluted shares, weighted
65m
68m
68m
-4.9%
Shares outstanding at period end
64m
66m
136m
-2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
670
571
505
+17.2%
Debt
634
319
110
+98.6%
Other liabilities
526
414
371
+27.1%
Total liabilities and equity
1,830
1,304
986
+40.3%
Fixed assets
175
131
116
+33.7%
Goodwill
813
548
347
+48.4%
Intangible assets
228
121
42.9
+88.8%
Investments
0.3
0.0
7.8
Cash and equivalents
41.2
37.4
42.3
+10.2%
Receivables
325
254
244
+27.6%
Inventory
170
142
118
+19.5%
Other assets
78.2
71.4
68.0
+9.5%
Total assets
1,830
1,304
986
+40.3%
10-K for the year ended 31 October 2012, filed 17 December 2012: the filing.