Nordson (NDSN) FY2016 results: revenue $1.8 billion, up 7.1% on the year
Nordson Corp. (NDSN) reported revenue of $1.8 billion for fiscal 2016, the year ended 31 October 2016, up 7.1% on the year before. Net income was $272 million, up 28.8%, and diluted earnings per share $4.73. The figures are the company's own, from the 10-K it filed with the SEC on 14 December 2018.
Revenue
$1.8 billion
+7.1% on the year
FY2009FY2016
Operating margin
21.5%
18.8% a year earlier
FY2009FY2016
Net income
$272 million
+28.8% on the year
FY2009FY2016
Diluted EPS
$4.73
+37.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,809
1,689
1,704
+7.1%
Cost of revenue
815
775
759
+5.3%
Gross profit
993
914
945
+8.7%
Gross margin
54.9%
54.1%
55.5%
Research and development
46.2
46.7
47.5
-0.9%
Selling, general and administrative
605
585
575
+3.5%
Operating income
388
318
367
+22.3%
Operating margin
21.5%
18.8%
21.5%
Interest expense
21.3
18.1
15.0
+17.8%
Pre-tax income
368
301
353
+22.5%
Income tax
96.7
89.8
106
+7.7%
Effective tax rate
26.2%
29.8%
30.0%
Net income
272
211
247
+28.8%
Net margin
15.0%
12.5%
14.5%
Diluted EPS
$4.73
$3.45
$3.84
+37.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
335
262
288
+27.7%
Capital expenditure
60.9
62.1
43.6
-2.0%
Free cash flow
274
200
245
+37.0%
Free cash flow margin
15.1%
11.8%
14.4%
Cash from investing
-102
n/a
n/a
Cash from financing
-214
n/a
n/a
Depreciation and amortisation
70.3
65.2
59.8
+7.8%
Share-based compensation
18.2
15.3
17.4
+19.3%
Buybacks
33.4
384
166
-91.3%
Dividends paid
56.4
54.8
48.4
+2.9%
Dividend per share
$0.99
$0.90
$0.76
+10.0%
Diluted shares, weighted
58m
61m
64m
-5.9%
Shares outstanding at period end
57m
57m
62m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
852
660
905
+29.0%
Debt
983
1,115
800
-11.9%
Other liabilities
588
585
576
+0.5%
Total liabilities and equity
2,422
2,360
2,280
+2.6%
Fixed assets
273
250
224
+9.3%
Goodwill
1,107
1,082
1,053
+2.3%
Intangible assets
260
277
291
-6.2%
Cash and equivalents
67.2
50.3
42.3
+33.8%
Receivables
429
390
366
+10.0%
Inventory
220
226
211
-2.4%
Other assets
65.6
85.2
92.8
-23.0%
Total assets
2,422
2,360
2,280
+2.6%
10-K for the year ended 31 October 2016, filed 14 December 2018: the filing.