Nordson (NDSN) FY2013 results: revenue $1.5 billion, up 9.5% on the year
Nordson Corp. (NDSN) reported revenue of $1.5 billion for fiscal 2013, the year ended 31 October 2013, up 9.5% on the year before. Net income was $222 million, down 1.3%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 16 December 2013.
Revenue
$1.5 billion
+9.5% on the year
FY2008FY2013
Operating margin
21.0%
23.8% a year earlier
FY2008FY2013
Net income
$222 million
-1.3% on the year
FY2008FY2013
Diluted EPS
$3.42
-0.9% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,543
1,410
1,233
+9.5%
Cost of revenue
677
586
485
+15.4%
Gross profit
866
823
748
+5.2%
Gross margin
56.1%
58.4%
60.7%
Research and development
48.0
36.5
27.0
+31.3%
Selling, general and administrative
541
488
429
+10.9%
Operating income
324
335
316
-3.5%
Operating margin
21.0%
23.8%
25.6%
Interest expense
14.8
11.2
5.1
+33.1%
Pre-tax income
311
326
315
-4.6%
Income tax
89.3
101
92.2
-11.9%
Effective tax rate
28.7%
31.1%
29.3%
Net income
222
225
222
-1.3%
Net margin
14.4%
16.0%
18.0%
Diluted EPS
$3.42
$3.45
$3.25
-0.9%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
268
274
247
-2.2%
Capital expenditure
47.2
31.0
20.2
+52.5%
Free cash flow
221
243
226
-9.2%
Free cash flow margin
14.3%
17.3%
18.4%
Cash from investing
-221
-467
-306
Cash from financing
-52.4
197
50.7
Depreciation and amortisation
54.4
39.0
28.8
+39.6%
Share-based compensation
11.8
10.4
8.8
+13.5%
Buybacks
33.4
88.5
138
-62.2%
Dividends paid
40.5
33.8
29.8
+19.7%
Dividend per share
$0.63
$0.53
$0.44
+20.0%
Diluted shares, weighted
65m
65m
68m
-0.3%
Shares outstanding at period end
64m
64m
66m
-0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
888
670
571
+32.6%
Debt
653
634
319
+3.0%
Other liabilities
513
526
414
-2.5%
Total liabilities and equity
2,053
1,830
1,304
+12.2%
Fixed assets
201
175
131
+14.9%
Goodwill
939
813
548
+15.6%
Intangible assets
269
228
121
+18.1%
Investments
n/a
0.3
0.0
Cash and equivalents
42.4
41.2
37.4
+2.8%
Receivables
309
325
254
-4.9%
Inventory
198
170
142
+17.0%
Other assets
94.4
78.2
71.4
+20.7%
Total assets
2,053
1,830
1,304
+12.2%
10-K for the year ended 31 October 2013, filed 16 December 2013: the filing.