Record-Breaking EBITDA Margins
Operational excellence during the quarter drove strong profit performance resulting in 32% overall EBITDA margins, driven by operational execution in core businesses and strong contribution from the Atrion acquisition.
Advanced Technology Solutions Growth
Advanced Technology Solutions sales were $161 million, an 18% increase compared to the prior year, driven by broad-based demand in electronics dispense, optical, and x-ray inspection systems.
Successful Atrion Integration
Atrion integration is going well with results performing above valuation model expectations, contributing $51 million in revenue during the quarter.
Strong Share Repurchase Activity
Nordson executed a balanced capital deployment strategy, buying back $85 million in shares during the quarter and $141 million year-to-date.
Positive Order Entry Trends
Positive order entry momentum in electronics, precision agriculture, and select medical product lines resulted in a healthy backlog increase of 5% since last quarter.