Nordson (NDSN) FY2024 results: revenue $2.7 billion, up 2.3% on the year
Nordson Corp. (NDSN) reported revenue of $2.7 billion for fiscal 2024, the year ended 31 October 2024, up 2.3% on the year before. Net income was $467 million, down 4.1%, and diluted earnings per share $8.11. The figures are the company's own, from the 10-K it filed with the SEC on 18 December 2024.
Revenue
$2.7 billion
+2.3% on the year
FY2017FY2024
Operating margin
25.1%
25.6% a year earlier
FY2017FY2024
Net income
$467 million
-4.1% on the year
FY2017FY2024
Diluted EPS
$8.11
-4.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
556
641
513
-13.3%
Capital expenditure
64.4
34.6
51.4
+86.2%
Free cash flow
492
607
462
-18.9%
Free cash flow margin
18.3%
23.1%
17.8%
Cash from investing
-844
-1,437
-223
Cash from financing
294
751
-416
-60.8%
Depreciation and amortisation
77.0
59.7
99.9
+28.9%
Share-based compensation
19.0
22.7
30.7
-16.5%
Buybacks
33.3
89.7
263
-62.8%
Dividends paid
161
150
126
+7.4%
Dividend per share
$2.82
$2.63
$2.18
+7.2%
Diluted shares, weighted
58m
58m
58m
-0.0%
Shares outstanding at period end
57m
57m
57m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,932
2,598
2,294
+12.9%
Debt
2,187
1,732
738
+26.3%
Operating lease liabilities
80.8
92.4
90.8
-12.5%
Finance lease liabilities
12.1
11.7
11.2
+3.5%
Other liabilities
789
818
686
-3.5%
Total liabilities and equity
6,001
5,252
3,820
+14.3%
Fixed assets
545
393
353
+38.6%
Goodwill
3,281
2,784
1,805
+17.8%
Intangible assets
741
673
329
+10.1%
Cash and equivalents
116
116
163
+0.2%
Receivables
595
591
537
+0.6%
Inventory
477
455
383
+4.9%
Other assets
247
241
249
+2.7%
Total assets
6,001
5,252
3,820
+14.3%
10-K for the year ended 31 October 2024, filed 18 December 2024: the filing.