Nordson (NDSN) FY2020 results: revenue $2.1 billion, down 3.3% on the year
Nordson Corp. (NDSN) reported revenue of $2.1 billion for fiscal 2020, the year ended 31 October 2020, down 3.3% on the year before. Net income was $250 million, down 26.0%, and diluted earnings per share $4.27. The figures are the company's own, from the 10-K it filed with the SEC on 18 December 2020.
Revenue
$2.1 billion
-3.3% on the year
FY2013FY2020
Operating margin
16.5%
22.0% a year earlier
FY2013FY2020
Net income
$250 million
-26.0% on the year
FY2013FY2020
Diluted EPS
$4.27
-26.3% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,121
2,194
2,255
-3.3%
Cost of revenue
991
1,002
1,019
-1.1%
Gross profit
1,130
1,192
1,236
-5.2%
Gross margin
53.3%
54.3%
54.8%
Research and development
63.6
60.0
58.8
+6.0%
Selling, general and administrative
694
709
734
-2.2%
Operating income
350
483
503
-27.6%
Operating margin
16.5%
22.0%
22.3%
Interest expense
32.2
47.1
49.6
-31.8%
Pre-tax income
301
431
449
-30.1%
Income tax
52.0
94.0
71.1
-44.7%
Effective tax rate
17.2%
21.8%
15.9%
Net income
250
337
377
-26.0%
Net margin
11.8%
15.4%
16.7%
Diluted EPS
$4.27
$5.79
$6.40
-26.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
502
383
505
+31.2%
Capital expenditure
50.5
64.2
89.8
-21.3%
Free cash flow
452
319
415
+41.8%
Free cash flow margin
21.3%
14.5%
18.4%
Cash from investing
-194
-76.3
-140
Cash from financing
-252
-251
-354
Depreciation and amortisation
113
110
108
+2.8%
Share-based compensation
12.9
18.1
21.6
-28.9%
Buybacks
52.6
121
24.0
-56.3%
Dividends paid
88.3
82.1
72.4
+7.6%
Dividend per share
$1.53
$1.43
$1.25
+7.0%
Diluted shares, weighted
58m
58m
59m
+0.5%
Shares outstanding at period end
58m
58m
58m
+0.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,759
1,581
1,451
+11.3%
Debt
1,106
1,244
1,314
-11.1%
Operating lease liabilities
109
0.0
n/a
Finance lease liabilities
10.5
9.5
n/a
+10.1%
Other liabilities
690
682
656
+1.2%
Total liabilities and equity
3,675
3,516
3,421
+4.5%
Fixed assets
359
399
387
-10.1%
Goodwill
1,713
1,615
1,608
+6.1%
Intangible assets
408
446
500
-8.5%
Cash and equivalents
208
151
95.7
+37.8%
Receivables
472
531
491
-11.1%
Inventory
277
283
264
-2.2%
Other assets
238
91.9
75.0
+158.8%
Total assets
3,675
3,516
3,421
+4.5%
10-K for the year ended 31 October 2020, filed 18 December 2020: the filing.