Nordson (NDSN) FY2018 results: revenue $2.3 billion, up 9.1% on the year
Nordson Corp. (NDSN) reported revenue of $2.3 billion for fiscal 2018, the year ended 31 October 2018, up 9.1% on the year before. Net income was $377 million, up 27.6%, and diluted earnings per share $6.40. The figures are the company's own, from the 10-K it filed with the SEC on 14 December 2018.
Revenue
$2.3 billion
+9.1% on the year
FY2011FY2018
Operating margin
22.3%
22.6% a year earlier
FY2011FY2018
Net income
$377 million
+27.6% on the year
FY2011FY2018
Diluted EPS
$6.40
+26.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,255
2,067
1,809
+9.1%
Cost of revenue
1,019
928
815
+9.8%
Gross profit
1,236
1,139
993
+8.5%
Gross margin
54.8%
55.1%
54.9%
Research and development
58.8
52.5
46.2
+12.1%
Selling, general and administrative
734
673
605
+9.0%
Operating income
503
466
388
+7.8%
Operating margin
22.3%
22.6%
21.5%
Interest expense
49.6
36.6
21.3
+35.4%
Pre-tax income
449
420
368
+6.7%
Income tax
71.1
124
96.7
-42.9%
Effective tax rate
15.9%
29.6%
26.2%
Net income
377
296
272
+27.6%
Net margin
16.7%
14.3%
15.0%
Diluted EPS
$6.40
$5.08
$4.73
+26.0%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
505
357
335
+41.5%
Capital expenditure
89.8
71.6
60.9
+25.5%
Free cash flow
415
285
274
+45.5%
Free cash flow margin
18.4%
13.8%
15.1%
Cash from investing
-140
-878
-102
Cash from financing
-354
541
-214
Depreciation and amortisation
108
90.9
70.3
+19.3%
Share-based compensation
21.6
20.2
18.2
+6.9%
Buybacks
24.0
3.2
33.4
+646.6%
Dividends paid
72.4
63.8
56.4
+13.5%
Dividend per share
$1.25
$1.11
$0.99
+12.6%
Diluted shares, weighted
59m
58m
58m
+1.2%
Shares outstanding at period end
58m
58m
57m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,451
1,155
852
+25.6%
Debt
1,314
1,583
983
-17.0%
Other liabilities
656
676
588
-2.9%
Total liabilities and equity
3,421
3,415
2,422
+0.2%
Fixed assets
387
346
273
+11.6%
Goodwill
1,608
1,589
1,107
+1.2%
Intangible assets
500
547
260
-8.7%
Cash and equivalents
95.7
90.4
67.2
+5.9%
Receivables
491
505
429
-2.7%
Inventory
264
264
220
+0.1%
Other assets
75.0
72.0
65.6
+4.2%
Total assets
3,421
3,415
2,422
+0.2%
10-K for the year ended 31 October 2018, filed 14 December 2018: the filing.