Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Latex
    • Coronavirus
    • Executive Action
    • Government/Legal
    • Opinion
    • Technical Notebooks
    • Women in Tire & Rubber
    • ITEC
    • International Elastomer Show
    • HEXPOL Sponsored Content
    • Bridgestone reaches for South Carolina skies for energy efficiency
      Flexitech to close Illinois brake line assembly plant
      Goodyear on road to success with future mobility focus
      view gallery
      4 photos
      Photos: Smithers facility open and ready for tire testing in Suzhou
    • Bridgestone reaches for South Carolina skies for energy efficiency
      Endurica hosts virtual presentations on elastomer fatigue
      Cabot expands sustainable rubber operations in Malaysia
      Goodyear on road to success with future mobility focus
    • Flexitech to close Illinois brake line assembly plant
      Endurica hosts virtual presentations on elastomer fatigue
      Exclusive deadline for small business PPP applications ending, but eligibility expanding
      Vystar eyes growth with Corrie MacColl deal
    • Endurica hosts virtual presentations on elastomer fatigue
      Cabot expands sustainable rubber operations in Malaysia
      All about partnerships for Sterling Manufacturing
      Exclusive deadline for small business PPP applications ending, but eligibility expanding
    • All about partnerships for Sterling Manufacturing
      Gelest's Barry Arkles enters National Academy of Engineering
      ECO starts 'first' U.S. silicone rubber recycling plant
      New legacy taking shape at Stockwell Elastomerics
    • Ohio firm focuses on making better masks in U.S.
      U.S. to increase NBR, make gloves using Defense Production Act
      Tire Cologne canceled; rescheduled for 2022
      Tire Technology Expo canceled for 2021
    • Ryan Patterson to lead Goodyear-Cooper integration efforts
      New legacy taking shape at Stockwell Elastomerics
      Davis-Standard promotes Andrew Alaya to aftermarket sales role
      Harwick Standard adds Flores to West Coast sales team
    • Flexitech to close Illinois brake line assembly plant
      Exclusive deadline for small business PPP applications ending, but eligibility expanding
      Bidirectional EVs could lend a hand in power crisis
      Braskem Idesa reopens PE complex in Mexico with new contract
    • Column: Value is the stuff in custom mixing
      New legacy taking shape at Stockwell Elastomerics
      Column: Discussions of race, equality may mean uncomfortable moments
      Column: Business trips possible because of essential workers
    • Part 2: Studying RPA ASTM methods for detecting compound quality differences
      Studying RPA ASTM methods for detecting compound quality differences
      Damage mechanism in oil and gas formulations during downhole testing
      Advancements in synchronous drive belt design for industrial and consumer markets
    • Rubber Division introduces WORD webinar series
      WORD panelists say evolution, authenticity keys to success
      New video celebrates women in rubber industry
      ITEC panelists say women can thrive in tire industry
    • Goodyear recognized by Lockheed Martin as 'elite supplier'
      EV tire advancements to help secure future
      Lambillotte: Only question on AVs is timing
      CAR official says EV future brighter than autonomous
    • Rubber Division introduces WORD webinar series
      Rubber Division seeks abstracts for 200th Technical Meeting
      WORD panelists say evolution, authenticity keys to success
      IEC keynote: Communication key to logistics
    • Sponsored By HEXPOL Compounding
      Faster Access to Your Polymer Compounding Experts Around the World
      Sponsored By HEXPOL Compounding
      Take a walk thru a HEXPOL Lab
      Sponsored By HEXPOL Compounding
      HEXPOL offers a unique selection of High Performance Elastomers to match your application requirements
      Sponsored By HEXPOL Compounding
      It’s what you can’t see that makes the Difference at HEXPOL
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Kraiburg launches advanced, ‘supersoft' TPEs
      New Products: Mahr Inc. introduces MarForm MMQ 500 Form Tester
      New Products: Starrett expands field-of-view for multi-sensor vision system
      New Products: Nova thinks outside the box with sealing tech
    • Wacky World of Rubber: How Trelleborg, teens sealed a spot in the world record book
      Wacky World of Rubber: Of chicken and feet, but not chicken feet
      Wacky World of Rubber: Time to go mattress shopping
      Wacky World of Rubber: Because nothing says football like 'frunk' shrimp
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • Bridgestone reaches for South Carolina skies for energy efficiency
      Flexitech to close Illinois brake line assembly plant
      Goodyear on road to success with future mobility focus
      view gallery
      4 photos
      Photos: Smithers facility open and ready for tire testing in Suzhou
    • All about partnerships for Sterling Manufacturing
      Gelest's Barry Arkles enters National Academy of Engineering
      ECO starts 'first' U.S. silicone rubber recycling plant
      New legacy taking shape at Stockwell Elastomerics
    • Cabot expands sustainable rubber operations in Malaysia
      Vystar eyes growth with Corrie MacColl deal
      Top Glove eyes new expansions with Hong Kong listing
      Sri Trang Gloves starts major capacity expansion
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Sponsored Content
    • White Papers
    • HB Chemical
      Sponsored By HB Chemical
      The HB Chemical and Ravago Partnership: Taking Customer Service to a New Level
      Sponsored By HB Chemical
      Above and Beyond with HB Chemical
      Sponsored By HB Chemical
      The Company Behind the Inventory
      Sponsored By French Oil Mill Machinery
      Process Improvement, Cost Reduction with Custom Press Systems
    • Sponsored By Uncountable Inc.
      Labs of the Future: How to Choose a Laboratory Information Management System in 2021
      Sponsored By Uncountable Inc.
      Cooper Standard deploys lab informatics platform to synchronize R&D
      Sponsored By Elkem
      LSR Select™: A solution to improve your financial impact in molding applications
      Sponsored By HEXPOL Compounding
      Peroxide Cureable Silicone Injection Molding
  • Data
  • Events
    • RPN Events
    • RPN Livestreams/Webinars
    • Industry Events
    • Past Events
    • ITEC Library
    • International Silicone Conference Library
    • 2021 Healthcare Elastomers Virtual Edition
      2021 Rubber in Automotive Virtual Edition
      2021 International Latex Conference Virtual Edition
      2022 ITEC
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Financial
May 22, 2020 10:30 AM

Nordson medical products in demand but overall sales down

Catherine Kavanaugh
Plastics News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Sundaram Nagarajan

    WESTLAKE, Ohio—Second-quarter sales were down 4 percent to $529 million compared to the prior year for Westlake-based Nordson Corp., which recently reorganized into two divisions.

    The company saw a profit of $92 million for the quarter, which Nordson President and CEO Sundaram Nagarajan said was focused on two priorities: Protecting the health and safety of employees and meeting customer needs.

    For the new Industrial Precision Solutions segment, which includes polymer processing systems for adhesives and industrial coatings, sales decreased 6 percent compared to the same period last year.

    During a May 21 quarterly conference call, Nagarajan told investment bankers relatively strong performance of product lines serving consumer non-durable end markets was offset by weakness in product lines serving industrial end markets.

    "If you think about the product lines in IPS, we see strength in non-durables, especially a lot of strength in non-woven applications in making masks, COVID testing kits, liquid and container product lines," Nagarajan said. "So, there's really good strength on the non-woven applications in some product categories you'd expect."

    Nordson sales were down 1 percent for the Advanced Technology Solutions segment, which manufacturers medical products such as single-use plastic molded syringes, cartridges, tips, fluid connection components, tubing, balloons and catheters.

    The ATS segment also includes the former Optical Control GmbH, which Nordson acquired in July 2019 to become a part of its electrical solutions for the electronics market.

    Sales volume increased in products for the medical market and fluid dispense product lines serving the electronics market but sales were weak for fluid dispense product lines for industrial end markets, company officials said.

    "ATS medical product lines are doing really well. It's really all around the pulmonary and cardiac bypass machines applications. We have a number of connectors and things that we use in ventilators and other applications and in testing kits as well," Nagarajan said.

    Nordson also has some good applications for its electronics dispensing businesses involving semiconductors and PC boards in general, he added.

    Nagarajan said the company's performance for the first half of the fiscal year was solid despite the pandemic and he described the backlog as strong. For the quarter ended April 30, 2020, backlog was about $456 million, which is an increase of 6 percent compared to the same period a year ago.

    However, Nagarajan warned that Nordson officials have seen a softening in order trends over the last six weeks.

    "This is a dynamic environment, making it difficult to accurately forecast the impact this pandemic will have on our business for the remainder of the fiscal year," Nagarajan said. "We have a solid foundation, fortified by the diversity of our business and our strong balance sheet. We will stay focused on the health and safety of our employees and the success of our customers, and we will continue to progress our long-term strategic priorities of accelerating organic growth, diversifying through acquisition, leveraging the Nordson Business System and focusing on talent development."

    For acquisitions, Nordson is focused on diversifying its portfolios for the medical, testing and inspection markets.

    "We want to acquire things that make Nordson really strong and special," Nagarajan said. "That is really about acquiring assets and properties that allow us to create technologies that create value for our customers."

    Letter
    to the
    Editor

    Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Latex
      • Coronavirus
      • Executive Action
      • Government/Legal
      • Opinion
      • Technical Notebooks
      • Women in Tire & Rubber
      • ITEC
      • International Elastomer Show
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Sponsored Content
      • White Papers
    • Data
    • Events
      • RPN Events
      • RPN Livestreams/Webinars
      • Industry Events
      • Past Events
      • ITEC Library
      • International Silicone Conference Library
    • Advertise
    • DIGITAL EDITION