Nordson records $741 M Q2 sales, $2.86 EPS and acquires CapstanAG
Nordson posted record Q2 sales of $741 million, an 8% year-over-year increase, with adjusted EPS rising 18% to $2.86 and EBITDA hitting a second-quarter high of $235 million (32% margin). Free cash flow reached $170 million with conversion above 100%, and the company acquired CapstanAG for nine times adjusted EBITDA.
1. Q2 Financial Results
Nordson delivered record second-quarter revenue of $741 million, up 8% year-over-year. Adjusted EPS climbed 18% to $2.86, while EBITDA reached $235 million, representing a 32% margin—the highest on record for the quarter.
2. Segment Performance
All three business units contributed to growth: Industrial Precision Solutions posted $350 million (up 10%), Medical and Fluid Solutions achieved $213 million (up 5%), and Advanced Technology Solutions reached $178 million (up 10%), driving 7% total organic growth.
3. Free Cash Flow and Debt
The company generated $170 million in free cash flow, converting over 100% of net income. Net debt stood at approximately $1.8 billion, with a leverage ratio of 1.9 times, despite a one-time $24 million pension charge and $10 million in mark-to-market investment adjustments.
4. Acquisition of CapstanAG
Nordson acquired CapstanAG at nine times adjusted EBITDA to expand its precision agriculture offerings. The deal is expected to enhance the Advanced Technology Solutions segment’s product portfolio and support growth in North American markets.