Nordson (NDSN) Q4 FY2021 earnings: revenue $599 million, up 7.3% on the year

Nordson Corp. (NDSN) reported revenue of $599 million for Q4 FY2021, the quarter ended 31 October 2021, up 7.3% on the same quarter a year earlier. Net income was $110 million, up 497.9% on the year, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2021.

Revenue

$599 million

+7.3% on the year · -7.4% on the quarter

Q1 FY2020Q4 FY2021

Operating margin

25.3%

6.7% a year earlier

Q1 FY2020Q4 FY2021

Net income

$110 million

+497.9% on the year · -22.3% on the quarter

Q1 FY2020Q4 FY2021

Diluted EPS

$1.88

+506.5% on the year · -22.3% on the quarter

Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Revenue	599	647	559	-7.4%	+7.3%
Cost of revenue	268	n/a	n/a
Gross profit	331	n/a	n/a
Gross margin	55.3%	n/a	n/a
Selling, general and administrative	180	n/a	n/a
Operating income	151	188	37.4	-19.6%	+305.3%
Operating margin	25.3%	29.1%	6.7%
Interest expense	5.3	n/a	n/a
Pre-tax income	140	n/a	n/a
Income tax	29.6	n/a	n/a
Effective tax rate	21.2%	n/a	n/a
Net income	110	142	18.5	-22.3%	+497.9%
Net margin	18.4%	n/a	n/a
Diluted EPS	$1.88	$2.42	$0.31	-22.3%	+506.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Operating cash flow	170	n/a	n/a
Capital expenditure	10.2	n/a	n/a
Free cash flow	160	n/a	n/a
Free cash flow margin	26.7%	n/a	n/a
Cash from investing	-10.2	n/a	n/a
Cash from financing	-34.8	n/a	n/a
Depreciation and amortisation	25.6	26.9	29.1	-4.6%	-12.0%
Share-based compensation	4.7	n/a	n/a
Buybacks	14.1	n/a	n/a
Dividends paid	29.7	n/a	n/a
Diluted shares, weighted	59m	59m	n/a	-0.0%
Shares outstanding at period end	58m	58m	58m	+0.1%	+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2021	Q3 FY2021	Q4 FY2020	On the quarter	On the year
Shareholders' equity	2,159	2,063	1,759	+4.7%	+22.7%
Debt	812	821	1,106	-1.1%	-26.6%
Operating lease liabilities	97.7	n/a	n/a
Finance lease liabilities	14.9	n/a	n/a
Other liabilities	707	n/a	n/a
Total liabilities and equity	3,791	n/a	n/a
Fixed assets	356	n/a	n/a
Goodwill	1,713	n/a	n/a
Intangible assets	357	n/a	n/a
Cash and equivalents	300	174	208	+72.2%	+44.0%
Receivables	489	n/a	n/a
Inventory	327	n/a	n/a
Other assets	248	n/a	n/a
Total assets	3,791	n/a	n/a

Questions

What was Nordson's revenue in Q4 FY2021?

Nordson (NDSN) reported revenue of $599 million for Q4 FY2021, the quarter ended 31 October 2021, up 7.3% on the same quarter a year earlier.

How much did Nordson earn in Q4 FY2021?

Net income for Q4 FY2021 was $110 million, up 497.9% on the year, and diluted earnings per share $1.88.

When did Nordson report Q4 FY2021 results?

Nordson filed its 10-K for the year that ended with the quarter on 17 December 2021; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	599	609	635	662	684	610	650	649	719	633	651	662	744	615	683	742	752	669	741	818
Cost of revenue	268	269	278	297	320	282	298	288	335	285	285	293	342	280	309	335	328	303	337	364
Gross profit	331	340	358	366	363	329	352	360	384	348	366	369	403	336	374	407	423	366	404	454
Gross margin	55%	56%	56%	55%	53%	54%	54%	56%	53%	55%	56%	56%	54%	55%	55%	55%	56%	55%	55%	55%
SG&A	180	184	174	181	186	185	180	189	199	189	197	202	224	195	205	207	209	200	207	231
Operating income	151	156	184	185	178	144	173	171	185	159	169	167	179	141	169	188	214	166	197	223
Operating margin	25%	26%	29%	28%	26%	24%	27%	26%	26%	25%	26%	25%	24%	23%	25%	25%	28%	25%	27%	27%
Interest expense	5.3	5.7	5.4	5.7	5.7	10.5	9.9	12.1	27.0	21.4	20.1	18.8	28.6	26.6	26.6	26.3	24.8	23.1	21.9	20.8
Pre-tax income	140	152	139	181	178	131	162	162	161	139	149	149	148	117	139	159	183	165	141	186
Tax rate	21%	21%	21%	21%	20%	20%	21%	21%	20%	21%	21%	21%	17%	19%	19%	21%	17%	19%	17%	18%
Net income	110	120	110	142	141	104	128	128	128	110	118	117	122	94.7	112	126	152	133	117	153
Net margin	18%	20%	17%	21%	21%	17%	20%	20%	18%	17%	18%	18%	16%	15%	16%	17%	20%	20%	16%	19%
Diluted EPS	$1.88	$2.05	$1.88	$2.45	$2.44	$1.81	$2.21	$2.22	$2.22	$1.90	$2.05	$2.04	$2.12	$1.65	$1.97	$2.22	$2.69	$2.38	$2.09	$2.73
Operating cash flow	170	118	96.4	125	173	123	165	190	163	172	123	165	96.4	159	119	238	203	140	181	249
Capital expenditure	10.2	12.5	12.3	14.6	12.1	9.3	6.0	8.9	10.3	7.5	14.4	21.9	20.6	21.4	16.0	11.6	9.1	17.5	10.2	12.6
Free cash flow	160	106	84.1	111	161	114	159	181	153	165	108	143	75.8	138	103	226	194	123	170	237
Buybacks	14.1	35.0	105	93.3	29.1	6.9	47.5	23.8	11.5	7.4	0.6	26.2	-0.8	60.1	86.2	71.9	88.2	86.0	43.3	29.5
Dividends paid	29.7	29.7	29.6	29.4	37.2	37.2	37.3	37.1	38.8	38.9	38.9	39.0	44.6	44.6	44.3	44.1	46.1	45.8	45.9	45.7
Shares outstanding	58m	58m	58m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	57m	56m	56m	56m	56m	56m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 October 2021, filed 17 December 2021: the filing.