Nordson (NDSN) FY2023 results: revenue $2.6 billion, up 1.5% on the year
Nordson Corp. (NDSN) reported revenue of $2.6 billion for fiscal 2023, the year ended 31 October 2023, up 1.5% on the year before. Net income was $487 million, down 5.0%, and diluted earnings per share $8.46. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2023.
Revenue
$2.6 billion
+1.5% on the year
FY2016FY2023
Operating margin
25.6%
27.1% a year earlier
FY2016FY2023
Net income
$487 million
-5.0% on the year
FY2016FY2023
Diluted EPS
$8.46
-4.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
641
513
546
+25.0%
Capital expenditure
34.6
51.4
38.3
-32.8%
Free cash flow
607
462
508
+31.4%
Free cash flow margin
23.1%
17.8%
21.5%
Cash from investing
-1,437
-223
-33.2
Cash from financing
751
-416
-423
Depreciation and amortisation
59.7
99.9
104
-40.2%
Share-based compensation
22.7
30.7
22.8
-26.1%
Buybacks
89.7
263
61.0
-65.9%
Dividends paid
150
126
97.7
+19.4%
Dividend per share
$2.63
$2.18
$1.69
+20.6%
Diluted shares, weighted
58m
58m
59m
-1.1%
Shares outstanding at period end
57m
57m
58m
-0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,598
2,294
2,159
+13.2%
Debt
1,732
738
812
+134.7%
Operating lease liabilities
92.4
90.8
97.7
+1.8%
Finance lease liabilities
11.7
11.2
14.9
+4.3%
Other liabilities
818
686
707
+19.1%
Total liabilities and equity
5,252
3,820
3,791
+37.5%
Fixed assets
393
353
356
+11.1%
Goodwill
2,784
1,805
1,713
+54.3%
Intangible assets
673
329
357
+104.2%
Cash and equivalents
116
163
300
-29.2%
Receivables
591
537
489
+10.0%
Inventory
455
383
327
+18.6%
Other assets
241
249
248
-3.2%
Total assets
5,252
3,820
3,791
+37.5%
10-K for the year ended 31 October 2023, filed 20 December 2023: the filing.