Nordson (NDSN) FY2015 results: revenue $1.7 billion, down 0.9% on the year
Nordson Corp. (NDSN) reported revenue of $1.7 billion for fiscal 2015, the year ended 31 October 2015, down 0.9% on the year before. Net income was $211 million, down 14.5%, and diluted earnings per share $3.45. The figures are the company's own, from the 10-K it filed with the SEC on 15 December 2015.
Revenue
$1.7 billion
-0.9% on the year
FY2008FY2015
Operating margin
18.8%
21.5% a year earlier
FY2008FY2015
Net income
$211 million
-14.5% on the year
FY2008FY2015
Diluted EPS
$3.45
-10.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,689
1,704
1,543
-0.9%
Cost of revenue
775
759
677
+2.1%
Gross profit
914
945
866
-3.3%
Gross margin
54.1%
55.5%
56.1%
Research and development
46.7
47.5
48.0
-1.8%
Selling, general and administrative
585
575
541
+1.6%
Operating income
318
367
324
-13.4%
Operating margin
18.8%
21.5%
21.0%
Interest expense
18.1
15.0
14.8
+20.4%
Pre-tax income
301
353
311
-14.7%
Income tax
89.8
106
89.3
-15.1%
Effective tax rate
29.8%
30.0%
28.7%
Net income
211
247
222
-14.5%
Net margin
12.5%
14.5%
14.4%
Diluted EPS
$3.45
$3.84
$3.42
-10.2%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
262
288
268
-9.1%
Capital expenditure
62.1
43.6
47.2
+42.5%
Free cash flow
200
245
221
-18.3%
Free cash flow margin
11.8%
14.4%
14.3%
Cash from investing
n/a
n/a
-221
Cash from financing
n/a
n/a
-52.4
Depreciation and amortisation
65.2
59.8
54.4
+9.1%
Share-based compensation
15.3
17.4
11.8
-12.3%
Buybacks
384
166
33.4
+130.6%
Dividends paid
54.8
48.4
40.5
+13.3%
Dividend per share
$0.90
$0.76
$0.63
+18.4%
Diluted shares, weighted
61m
64m
65m
-4.9%
Shares outstanding at period end
57m
62m
64m
-8.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
660
905
888
-27.1%
Debt
1,115
800
653
+39.5%
Other liabilities
585
576
513
+1.6%
Total liabilities and equity
2,360
2,280
2,053
+3.5%
Fixed assets
250
224
201
+11.4%
Goodwill
1,082
1,053
939
+2.8%
Intangible assets
277
291
269
-4.8%
Cash and equivalents
50.3
42.3
42.4
+18.8%
Receivables
390
366
309
+6.5%
Inventory
226
211
198
+7.0%
Other assets
85.2
92.8
94.4
-8.2%
Total assets
2,360
2,280
2,053
+3.5%
10-K for the year ended 31 October 2015, filed 15 December 2015: the filing.