Nordson (NDSN) FY2017 results: revenue $2.1 billion, up 14.3% on the year
Nordson Corp. (NDSN) reported revenue of $2.1 billion for fiscal 2017, the year ended 31 October 2017, up 14.3% on the year before. Net income was $296 million, up 8.8%, and diluted earnings per share $5.08. The figures are the company's own, from the 10-K it filed with the SEC on 14 December 2018.
Revenue
$2.1 billion
+14.3% on the year
FY2010FY2017
Operating margin
22.6%
21.5% a year earlier
FY2010FY2017
Net income
$296 million
+8.8% on the year
FY2010FY2017
Diluted EPS
$5.08
+7.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,067
1,809
1,689
+14.3%
Cost of revenue
928
815
775
+13.8%
Gross profit
1,139
993
914
+14.6%
Gross margin
55.1%
54.9%
54.1%
Research and development
52.5
46.2
46.7
+13.4%
Selling, general and administrative
673
605
585
+11.2%
Operating income
466
388
318
+20.1%
Operating margin
22.6%
21.5%
18.8%
Interest expense
36.6
21.3
18.1
+71.7%
Pre-tax income
420
368
301
+14.1%
Income tax
124
96.7
89.8
+28.8%
Effective tax rate
29.6%
26.2%
29.8%
Net income
296
272
211
+8.8%
Net margin
14.3%
15.0%
12.5%
Diluted EPS
$5.08
$4.73
$3.45
+7.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
357
335
262
+6.6%
Capital expenditure
71.6
60.9
62.1
+17.6%
Free cash flow
285
274
200
+4.2%
Free cash flow margin
13.8%
15.1%
11.8%
Cash from investing
-878
-102
n/a
Cash from financing
541
-214
n/a
Depreciation and amortisation
90.9
70.3
65.2
+29.2%
Share-based compensation
20.2
18.2
15.3
+10.7%
Buybacks
3.2
33.4
384
-90.4%
Dividends paid
63.8
56.4
54.8
+13.1%
Dividend per share
$1.11
$0.99
$0.90
+12.1%
Diluted shares, weighted
58m
58m
61m
+1.2%
Shares outstanding at period end
58m
57m
57m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,155
852
660
+35.7%
Debt
1,583
983
1,115
+61.1%
Other liabilities
676
588
585
+15.0%
Total liabilities and equity
3,415
2,422
2,360
+41.0%
Fixed assets
346
273
250
+26.8%
Goodwill
1,589
1,107
1,082
+43.5%
Intangible assets
547
260
277
+110.2%
Cash and equivalents
90.4
67.2
50.3
+34.4%
Receivables
505
429
390
+17.9%
Inventory
264
220
226
+19.9%
Other assets
72.0
65.6
85.2
+9.7%
Total assets
3,415
2,422
2,360
+41.0%
10-K for the year ended 31 October 2017, filed 14 December 2018: the filing.