SAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2025, earning this distinction for the sixth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility in the areas of corporate governance and responsible social and environmental practices. Sempra has been included since the list's inception. "At Sempra, we believe our responsible business practices improve the value of our franchise. By strengthening governance and risk management and improving the safety and resiliency of our business operations, it allows us to better meet the needs and expectations of our customers, while also adding scale to our business," said Lisa Larroque Alexander , senior vice president of corporate affairs and chief sustainability officer for Sempra. "We will continue to approach global energy challenges with an entrepreneurial mindset, steadfast optimism and confidence in our vision of delivering energy with purpose." Newsweek's recognition of Sempra as one of "America's Most Responsible Companies" is based on publicly available key performance indicators derived from the company's Corporate Sustainability Report and an independent survey that asked U.S. citizens about their perception of Sempra's commitment to corporate social responsibility. Details of Sempra's approach to responsible stakeholder engagement and corporate governance can be found in the company's most recent Corporate Sustainability Report, which is available here . In addition to being recognized on Newsweek's America's Most Responsible Companies list, Sempra is included in the FTSE4Good Index and JUST 100 list, has been named one of TIME Magazine's World's Best Companies and one of Fortune Magazine's World's Most Admired Companies , and earned a perfect score on the CPA-Zicklin Index of Corporate Political Disclosure and Accountability , among other accolades. About Sempra Sempra (NYSE: SRE ) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California , Texas , Mexico and global energy markets. The company is recognized as a leader in sustainable business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra's inclusion in the Dow Jones Sustainability Index North America and in The Wall Street Journal's Best Managed Companies. More information about Sempra is available at sempra.com and on social media @Sempra . View original content to download multimedia: https://www.prnewswire.com/news-releases/sempra-named-among-newsweeks-most-responsible-companies-302324298.html SOURCE Sempra
Carbohydrate-based Fat Replacers Market Driven by Demand for Immersive Technologies Across Industries 11-24-2024 08:41 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Industry Insights Carbohydrate-based Fat Replacers Market Global Carbohydrate-based Fat Replacers Market Impact of AI and Automation The carbohydrate-based fat replacers market is experiencing robust growth due to the rising consumer demand for healthier food options. As awareness of the health risks associated with excessive fat consumption grows, food manufacturers are increasingly turning to carbohydrate-based fat replacers to reduce calorie content while maintaining taste and texture. These replacers are used in a variety of food products, including dairy, bakery, snacks, and meat alternatives, making them an attractive option for health-conscious consumers. Additionally, the growing prevalence of obesity and related health issues is prompting a shift toward reduced-fat and low-calorie foods, further boosting market demand. Technological advancements in fat replacer formulations are enhancing their effectiveness, which is driving their adoption across the food and beverage industry. As the trend for clean-label and functional foods grows, the carbohydrate-based fat replacers market is expected to expand significantly in the coming years. The dynamics of the carbohydrate-based fat replacers market are influenced by health-conscious consumer behavior, advancements in food technology, and changing dietary preferences. The growing awareness of the negative effects of excessive fat intake, such as obesity and heart disease, is driving the demand for lower-fat alternatives in food products. Additionally, increasing demand for functional and clean-label foods is propelling the market, as consumers seek natural and minimally processed ingredients. Technological innovations in fat replacer formulations are improving texture, taste, and stability, making these alternatives more appealing to food manufacturers. However, challenges such as taste differences, functional limitations, and higher production costs may hinder market growth. Despite these barriers, the market continues to expand as consumers and food manufacturers alike focus on healthier, reduced-calorie products to meet evolving dietary needs. The Carbohydrate-based Fat Replacers Industry , valued at $450 million in 2023, is anticipated to expand to $1.2 billion by 2033 at a CAGR of 10.2% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.. The growth is being attributed to increasing demand in different sectors, Carbohydrate-based Fat Replacers technological advancement, and changing habits of consumers and industry towards sustainable and efficient technologies. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.verifiedindustryinsights.com/download-sample/1300899/?utm_source=OpenPr&utm_medium=072 Key Players in theCarbohydrate-based Fat Replacers Industry Cargill Inc. DuPont de Nemours Inc. Ingredion Incorporated Ashland Global Holdings Inc. Tate & Lyle PLC Kerry Group PLC CP Kelco Lonza Group AG BASF SE MGP Ingredients Inc. Archer Daniels Midland Company Global Carbohydrate-based Fat Replacers Market Segmentation: Carbohydrate-based Fat Replacers Industry by Source Type Starch-based Gum-based Fiber-based Protein-based Other Carbohydrate-based Fat Replacers Industry by Application Dairy Products Bakery Products Confectionery Processed Foods Sauces and Dressings Carbohydrate-based Fat Replacers Industry by Form Powder Liquid Granulated Other Market Segmentation Dynamics of Carbohydrate-based Fat Replacers Market: The global Carbohydrate-based Fat Replacers market comprises numerous types, each targeting specific market demands. More types that are familiar to the customers are, hardware, software and service based solutions. Hardware solutions comprise tangible goods that include sensors, devices and components for power applications. Software solutions aid in improving functions by automating systems, analyzing data and integrating artificial intelligence to make systems more functional and efficient. Service based offering include providing support, running maintenance and offering consultancy services to ensure that Carbohydrate-based Fat Replacers systems are able to operate optimally and provide satisfactory value over time. All these segments combine to satisfy customer needs with these different types of helping in growth of global Carbohydrate-based Fat Replacers market. Global Usage of Carbohydrate-based Fat Replacers: Businesses, consumers, and governmental bodies use the Carbohydrate-based Fat Replacers resources within the respective jurisdictions. Carbohydrate-based Fat Replacers products are incorporated into businesses operating in manufacturing, retail, healthcare, and other industries to increase efficiency, reduce costs, and boost performance. The consumers' needs are evolving due to changing lifestyles, new technologies, and growing demand for easy solutions. At the same time, Carbohydrate-based Fat Replacers are employed by the governments to sustain the public order, construct and develop infrastructure, and provide better services. Different end-user groups use products for different purposes which determine the development of products and trends in the market. Firms which are able to meet the diverse demands of the end-users stand a good chance to prosper in the competitive landscape of the Carbohydrate-based Fat Replacers sector. Global Market by Region: North America Europe Asia-Pacific Latin America Middle East & Africa The Carbohydrate-based Fat Replacers market at the global level depicts notable regional differences wherein North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa all to overall growth. North America has the highest level of technology use and is continually supported by the demands of healthcare, automotive and industrial. Europe has inbuilt objectives of sustainability, compliance with regulations and advances in automotive and energy industries. Asia-Pacific is projected to be the fastest region driven mainly by industrialization, middle class growth and technology investment. Latin America and the Middle East and Africa are considered as new markets with potential growth for infrastructures and adoption of technology. It is essential to appreciate these regional aspects and their interrelations in order to formulate appropriate growth strategies for the Carbohydrate-based Fat Replacers market. Receive a Discount By Purchasing This Report @ https://www.verifiedindustryinsights.com/ask-for-discount/1300899/?utm_source=OpenPr&utm_medium=072 Frequently Asked Questions (FAQ) on the Global Carbohydrate-based Fat Replacers Market promotion Q. What is the growth forecast of the global Carbohydrate-based Fat Replacers market? A. The Carbohydrate-based Fat Replacers Industry , valued at $450 million in 2023, is anticipated to expand to $1.2 billion by 2033 at a CAGR of 10.2% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.. It is obvious that demand for Carbohydrate-based Fat Replacers products will grow in the future as global markets expand. Factors such as rising consumer demand, technological advancements, and increasing industrial applications are fueling the market's expansion. As businesses and industries seek out possible advancement in operational efficiency and customized goods, the market's stable CAGR is expected to be witnessed. Q. Which regions have been influential in creating the need for Carbohydrate-based Fat Replacers in the countries that they operate in? A. Carbohydrate-based Fat Replacers's growth in volume has been derived mainly from Asia-Pacific primarily due to - accelerated industrial growth, urban expansion, and technological enhancement. This is closely followed by North America which will primarily be driven by technology enhancement and high consumption. Europe also remains a key market contributing towards Carbohydrate-based Fat Replacers demand fueled by the increasing trend towards innovative solutions sustainability. South America and Middle eastern and African regions too are increasingly becoming targets with awakening demand from infrastructures development and expanding industries. Q: What are the primary forces impacting the global Carbohydrate-based Fat Replacers industry? A: The expansion of the global Carbohydrate-based Fat Replacers market is mainly determined by technical advancement, transformation of customer requirements, and the growing requirement for efficiency across different regions. The infusion of advanced technologies like AI, automation, and IoT is improving the capability of products and creating new opportunities. Also, the trend towards greener approaches, the accompanying regulatory environment, and the rising adoption of Carbohydrate-based Fat Replacers in the developing economies are some major trends that are expected to influence the market. Q: Who dominates the global Carbohydrate-based Fat Replacers market? A: The global Carbohydrate-based Fat Replacers marketplace has matured companies as well as new innovators. The best companies have established excellence in marketing, have a wide range of products and are innovative. These companies are focused on upgrading their products and services, increasing their research and development activities as well as branching out into other core areas for regulatory advantages. Mergers and acquisitions are also part of the strategies that the top players deploy to ensure their success in the market. Q: In what manner are technologies supporting the growth of Carbohydrate-based Fat Replacers industry? A: Technology is revolutionizing the global Carbohydrate-based Fat Replacers industry by enhancing the features of products, increasing the efficiency of operations and creating new market opportunities. With the use of advanced technologies like AI, machine learning, automation, the production processes are being made more efficient, costs are being lowered and quality is increasing. The Internet of Things (IoT) also adds to the functionality and connectivity of products, resulting in more value for customers. There is also the emergence of digital transformation and data analytics enabling the businesses to understand their customers more comprehensively and thereby adjust their offers and marketing. Technology is enabling organizations to develop faster and better address the challenges in the market that is perpetually changing. 🔍 For More Information or Query, Visit @ https://www.verifiedindustryinsights.com/report/global-carbohydrate-based-fat-replacers-industry/?utm_source=OpenPr&utm_medium=072 Categorized Food and Agriculture: Packaged Foods The Global Carbohydrate-based Fat Replacers Market which is within the scope of Food and Agriculture and further divided into specific structures under Packaged Foods has been growing tremendously with the increase in demand for new solutions and improvements. This market contains a large portfolio of applications and products to serve the various demands in the industry. With companies increasing the need to be efficient and productive, global Carbohydrate-based Fat Replacers Market has the potential to grow even further with a healthy outflow of money towards R&D. In addition, the increased demand for sustainability and regulatory measures are also altering the change in focus for the firms, encouraging them to develop green solutions. However, perhaps the most exciting development has been the emergence of a large number of new market participants, as well as existing ones who have an established presence in the industry. 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Get in Touch with Us Mr. Edwyne Fernandes Verified Industry Insights Tel: +1 743 222 5439 This release was published on openPR.WESTLAKE, Ohio--(BUSINESS WIRE)--Dec 11, 2024-- Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal fourth quarter ended October 31, 2024. Sales were $744 million, a 4% increase compared to the prior year’s fourth quarter sales of $719 million. The increase in fourth quarter 2024 sales included the favorable 6% impact of acquisitions and favorable currency translation of 1%, offset by an organic sales decrease of 3%. Net income was $122 million, or earnings per diluted share of $2.12, compared to prior year’s fourth quarter net income of $128 million, or earnings per diluted share of $2.22. Adjusted net income was $160 million, an increase from prior year adjusted net income of $156 million. Fourth quarter 2024 adjusted earnings per diluted share were $2.78 compared to prior year adjusted earnings per diluted share of $2.71. EBITDA in the fourth quarter was $241 million, or 32% of sales, an increase of 4% compared to prior year EBITDA of $227 million, also at 32% of sales. Commenting on the Company’s fiscal 2024 fourth quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “I appreciate our team’s focus and commitment to our customers, which delivered results above our fourth quarter guidance expectations. Our Advanced Technology Solutions segment delivered year-over-year fourth quarter sales growth, as electronics demand continued to steadily improve at fiscal year-end. During the down electronics cycle, our ATS team holistically implemented the NBS Next growth framework, making them responsive to the needs of our customers while also delivering a strong incremental operating performance. Our industrial product lines performed well against record comparisons from prior year. I’m also pleased with the early integration of our Atrion Medical acquisition, which contributed positively to the quarter.” Industrial Precision Solutions sales of $392 million decreased 3% compared to the prior year fourth quarter, driven by a 5% organic sales decrease, a favorable acquisition impact of 1%, and a favorable currency impact of 1%. The organic sales decrease, following record organic sales in prior year fourth quarter, was driven by our industrial coatings, polymer processing and precision agriculture product lines, partially offset by double-digit growth in nonwovens product lines. Operating profit was $126 million in the quarter, or 32% of sales, a decrease of 4% compared to the prior year operating profit. The decrease in operating profit was driven by lower sales. EBITDA in the quarter was $143 million, or 37% of sales, a 3% decrease from the prior year fourth quarter EBITDA of $148 million, which also was 37% of sales. Medical and Fluid Solutions sales of $200 million increased 19% compared to the prior year fourth quarter, driven primarily by the acquisition of Atrion, which offset an organic sales decrease of 3% and a favorable currency impact of 1%. The organic sales decrease was driven by softness in medical interventional solutions product lines, partially offset by modest growth in our medical fluid components and fluid solutions product lines. Operating profit totaled $44 million in the quarter, or 22% of sales, a decrease of 8% compared to the prior year operating profit. EBITDA in the quarter was $72 million, or 36% of sales, an increase versus the prior year fourth quarter EBITDA of $62 million, or 37% of sales. Advanced Technology Solutions sales of $152 million increased 5% compared to the prior year fourth quarter, driven by an organic sales increase of 4% and a favorable currency impact of 1%. The organic sales increase was driven by double-digit growth in select test and inspection product lines and modest growth in our electronics processing product lines. Operating profit totaled $33 million in the quarter, or 22% of sales, an increase of 6% compared to the prior year operating profit due to higher sales and improved profit margins. EBITDA in the quarter was $41 million, or 27% of sales, an increase from the prior year fourth quarter EBITDA of $35 million, or 24% of sales. Sales for the fiscal year ended October 31, 2024, were a record $2.7 billion, an increase of 2% compared to the prior year. This sales growth was driven by a favorable acquisition impact of 5%, partially offset by a 3% decrease in organic volume. Net income was $467 million, or earnings per diluted share of $8.11, compared to prior year’s net income of $487 million, or earnings per diluted share of $8.46. Adjusted net income was $561 million, a decrease from prior year adjusted net income of $567 million. Adjusted earnings per diluted share were $9.73 compared to prior year adjusted earnings per diluted share of $9.85. EBITDA was $849 million, or 32% of sales, compared to prior year EBITDA of $819 million, or 31% of sales. Free cash flow for the full-year was $492 million, which was a conversion rate of 105% of net income. Reflecting on fiscal 2024, Mr. Nagarajan continued, “In 2021, we launched our Ascend strategy with the milestone of achieving $3 billion in annual sales and greater than 30% EBITDA margins by 2025. The strategy is delivering results and has ample runway to accelerate. Our diversified portfolio, built on our leadership in niche end markets with differentiated products, is delivering balanced results in the ever-changing macro environment. Our acquisition strategy is generating growth, and I am pleased with the integration and deployment of the NBS Next growth framework. We also continued to generate strong free cash flow in the year, allowing us to consistently reinvest in the business while returning cash to our shareholders.” Following four consecutive years of record-setting performance, we enter fiscal 2025 with approximately $580 million in backlog. Based on the combination of order entry, backlog, current exchange rates and anticipated end market expectations, we anticipate delivering sales in the range of $2,750 to $2,870 million in fiscal 2025. Full year fiscal 2025 adjusted earnings are forecasted in the range of $9.70 to $10.50 per diluted share. First quarter fiscal 2025 sales are forecasted in the range of $615 to $655 million with adjusted earnings in the range of $1.95 to $2.15 per diluted share. Commenting on fiscal 2025 guidance, Nagarajan said, “Considering the evolving global macro-environment, we are entering 2025 with a conservative viewpoint. The fiscal first quarter is seasonally Nordson’s weakest quarter due to the holiday and calendar year-end slowdowns and cautious customer spending. While we remain confident about the long-term growth drivers of our end markets, we are being prudent about our expectations for end market recovery timing, particularly for our electronics and agricultural product lines. Even in uncertain times, our team delivers operational excellence and strong cash flow due to our close-to-the-customer business model, diversified niche end markets, differentiated products and the NBS Next growth framework.” Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, December 12, 2024 at 8:30 a.m. eastern time, which can be accessed at . Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or . Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions, including the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflict between Russia and Ukraine, acts of terror, natural disasters and pandemics, including the recent coronavirus (COVID-19) pandemic and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release. Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at , , or . NORDSON CORPORATION CONSOLIDATED STATEMENT OF INCOME (Unaudited) (Dollars in thousands except for per-share amounts) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Sales $ 744,482 $ 719,313 $ 2,689,921 $ 2,628,632 Cost of sales 341,658 335,220 1,203,792 1,203,227 Gross profit 402,824 384,093 1,486,129 1,425,405 Gross margin % 54.1 % 53.4 % 55.2 % 54.2 % Selling & administrative expenses 223,932 199,054 812,128 752,644 Operating profit 178,892 185,039 674,001 672,761 Interest expense - net (27,282 ) (25,921 ) (84,011 ) (56,825 ) Other income (expense) - net (3,538 ) 1,462 (4,509 ) (597 ) Income before income taxes 148,072 160,580 585,481 615,339 Income taxes 25,904 32,802 118,197 127,846 Net Income $ 122,168 $ 127,778 $ 467,284 $ 487,493 Weighted-average common shares outstanding: Basic 57,188 57,020 57,176 57,090 Diluted 57,603 57,552 57,616 57,631 Earnings per share: Basic earnings $ 2.14 $ 2.24 $ 8.17 $ 8.54 Diluted earnings $ 2.12 $ 2.22 $ 8.11 $ 8.46 NORDSON CORPORATION CONSOLIDATED BALANCE SHEET (Unaudited) (Dollars in thousands) October 31, 2024 October 31, 2023 Cash and cash equivalents $ 115,952 $ 115,679 Receivables - net 594,663 590,886 Inventories - net 476,935 454,775 Other current assets 87,482 67,970 Total current assets 1,275,032 1,229,310 Property, plant & equipment - net 544,607 392,846 Goodwill 3,280,819 2,784,201 Other assets 900,508 845,413 $ 6,000,966 $ 5,251,770 Notes payable and debt due within one year $ 103,928 $ 115,662 Accounts payable and accrued liabilities 424,549 466,427 Total current liabilities 528,477 582,089 Long-term debt 2,101,197 1,621,394 Other liabilities 439,100 450,227 Total shareholders' equity 2,932,192 2,598,060 $ 6,000,966 $ 5,251,770 NORDSON CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (Dollars in thousands) Twelve Months Ended October 31, 2024 October 31, 2023 Cash flows from operating activities: Net Income $ 467,284 $ 487,493 Depreciation and amortization 136,175 111,898 Other non-cash items 5,883 16,105 Changes in operating assets and liabilities and other (53,149 ) 25,786 Net cash provided by operating activities 556,193 641,282 Cash flows from investing activities: Additions to property, plant and equipment (64,410 ) (34,583 ) Acquisitions of businesses, net of cash acquired (789,996 ) (1,422,780 ) Other - net 10,008 20,484 Net cash used in investing activities (844,398 ) (1,436,879 ) Cash flows from financing activities: Issuance (repayment) of long-term debt 464,353 976,043 Repayment of finance lease obligations (6,148 ) (6,840 ) Dividends paid (161,438 ) (150,356 ) Issuance of common shares 31,067 21,373 Purchase of treasury shares (33,339 ) (89,708 ) Net cash provided by financing activities 294,495 750,512 Effect of exchange rate change on cash (6,017 ) (2,693 ) Net change in cash and cash equivalents 273 (47,778 ) Cash and cash equivalents: Beginning of period 115,679 163,457 End of period $ 115,952 $ 115,679 NORDSON CORPORATION SALES BY GEOGRAPHIC SEGMENT (Unaudited) (Dollars in thousands) Three Months Ended Sales Variance October 31, 2024 October 31, 2023 Organic Acquisitions Currency Total Industrial precision solutions $ 392,150 $ 405,436 (5.5 )% 1.2 % 1.0 % (3.3 )% Medical and fluid solutions 200,223 168,632 (3.2 )% 21.4 % 0.5 % 18.7 % Advanced technology solutions 152,109 145,245 3.9 % — % 0.8 % 4.7 % Total sales $ 744,482 $ 719,313 (3.0 )% 5.7 % 0.8 % 3.5 % Americas 323,170 315,635 (6.0 )% 8.9 % (0.5 )% 2.4 % Europe 185,350 184,297 (6.6 )% 4.6 % 2.6 % 0.6 % Asia Pacific 235,962 219,381 4.2 % 2.0 % 1.4 % 7.6 % Total sales $ 744,482 $ 719,313 (3.0 )% 5.7 % 0.8 % 3.5 % Twelve Months Ended Sales Variance October 31, 2024 October 31, 2023 Organic Acquisitions Currency Total Industrial precision solutions $ 1,484,249 $ 1,391,046 0.1 % 6.6 % — % 6.7 % Medical and fluid solutions 695,452 660,316 (0.2 )% 5.4 % 0.1 % 5.3 % Advanced technology solutions 510,220 577,270 (11.4 )% — % (0.2 )% (11.6 )% Total sales $ 2,689,921 $ 2,628,632 (2.5 )% 4.8 % — % 2.3 % Americas 1,178,626 1,149,760 (1.9 )% 4.3 % 0.1 % 2.5 % Europe 726,100 682,676 (5.1 )% 10.2 % 1.3 % 6.4 % Asia Pacific 785,195 796,196 (1.0 )% 1.0 % (1.4 )% (1.4 )% Total sales $ 2,689,921 $ 2,628,632 (2.5 )% 4.8 % — % 2.3 % NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Net income 122,168 127,778 467,284 487,493 Income taxes 25,904 32,802 118,197 127,846 Interest expense - net 27,282 25,921 84,011 56,825 Other expense - net 3,538 (1,462 ) 4,509 597 Depreciation and amortization 36,528 31,261 136,175 111,898 Inventory step-up amortization (1) 4,759 4,556 7,703 8,862 Severance and other (1) 12,717 — 17,332 5,487 Acquisition-related costs (1) 8,200 6,244 13,957 19,966 EBITDA (non-GAAP) (2) 241,096 227,100 849,168 818,974 (1) Represents severance as well as fees and non-cash inventory charges associated with acquisitions. (2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as severance, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - EBITDA (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Industrial precision solutions $ 392,150 $ 405,436 $ 1,484,249 $ 1,391,046 Medical and fluid solutions 200,223 168,632 695,452 660,316 Advanced technology solutions 152,109 145,245 510,220 577,270 Total sales $ 744,482 $ 719,313 $ 2,689,921 $ 2,628,632 Industrial precision solutions $ 126,254 $ 131,450 $ 470,559 $ 460,889 Medical and fluid solutions 44,264 48,041 187,731 189,367 Advanced technology solutions 33,464 31,526 94,231 101,662 Corporate (25,090 ) (25,978 ) (78,520 ) (79,157 ) Total operating profit $ 178,892 $ 185,039 $ 674,001 $ 672,761 Industrial precision solutions $ 2,899 $ 4,658 $ 8,976 $ 4,658 Medical and fluid solutions 10,761 — 10,761 1,479 Advanced technology solutions 3,816 — 5,895 14,304 Corporate 8,200 6,142 13,360 13,874 Total adjustments $ 25,676 $ 10,800 $ 38,992 $ 34,315 Industrial precision solutions $ 14,035 $ 12,062 $ 56,856 $ 33,228 Medical and fluid solutions 17,239 13,547 58,061 54,988 Advanced technology solutions 3,340 3,529 13,433 15,185 Corporate 1,914 2,123 7,825 8,497 Total depreciation & amortization $ 36,528 $ 31,261 $ 136,175 $ 111,898 Industrial precision solutions $ 143,188 37 % $ 148,170 37 % $ 536,391 36 % $ 498,775 36 % Medical and fluid solutions 72,264 36 % 61,588 37 % 256,553 37 % 245,834 37 % Advanced technology solutions 40,620 27 % 35,055 24 % 113,559 22 % 131,151 23 % Corporate (14,976 ) (17,713 ) (57,335 ) (56,786 ) Total EBITDA $ 241,096 32 % $ 227,100 32 % $ 849,168 32 % $ 818,974 31 % (1) Represents severance as well as fees and non-cash inventory charges associated with acquisitions. (2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as severance, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited) (Dollars in thousands) Three Months Ended Twelve Months Ended October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023 Operating profit $ 178,892 $ 185,039 $ 674,001 $ 672,761 Other / interest expense - net (30,820 ) (24,459 ) (88,520 ) (57,422 ) Net income 122,168 127,778 467,284 487,493 Diluted earnings per share $ 2.12 $ 2.22 $ 8.11 $ 8.46 Shares outstanding - diluted 57,603 57,552 57,616 57,631 Inventory step-up amortization $ 4,759 $ 4,556 $ 7,703 $ 8,862 Severance and other 12,717 — 17,332 5,487 Acquisition costs 8,200 6,244 13,957 19,966 $ 19,560 $ 17,880 $ 76,972 $ 59,719 908 6,817 908 6,817 Total adjustments $ 46,144 $ 35,497 $ 116,872 $ 100,851 Adjustments net of tax $ 38,071 $ 28,247 $ 93,278 $ 79,898 EPS effect of adjustments and other discrete tax items $ 0.66 $ 0.49 $ 1.62 $ 1.39 Adjusted net income (1) $ 160,239 $ 156,025 $ 560,562 $ 567,391 Adjusted earnings per share (2) $ 2.78 $ 2.71 $ 9.73 $ 9.85 (1) Adjusted net income is a non-GAAP measure defined as net income plus tax effected adjustments and other discrete tax items. (2) Adjusted earnings per share is a non-GAAP measure defined as GAAP EPS adjusted for tax effected adjustments and other discrete tax items. NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited) (Dollars in thousands) Year to Date October 31, 2024 July 31, 2024 April 30, 2024 January 31, 2024 Net cash provided by operating activities $ 556,193 $ 459,812 $ 294,964 $ 172,356 Additions to property, plant and equipment (64,410 ) (43,786 ) (21,907 ) (7,530 ) Free Cash Flow - Year to Date (1) 491,783 416,026 273,057 164,826 Free Cash Flow - Quarter to Date (2) 75,757 142,969 108,231 164,826 Net Income - Year to Date $ 467,284 Free Cash Flow Conversion (3) 105 % Year to Date October 31, 2023 July 31, 2023 April 30, 2023 January 31, 2023 Net cash provided by operating activities $ 641,282 $ 478,072 $ 287,905 $ 123,337 Additions to property, plant and equipment (34,583 ) (24,244 ) (15,349 ) (9,302 ) Free Cash Flow (1) 606,699 453,828 272,556 114,035 Free Cash Flow - Quarter to Date (2) 152,871 181,272 158,521 114,035 (1) Free Cash Flow - Year to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Net cash provided by operating activities minus Additions to property, plant and equipment. (2) Free Cash Flow - Quarter to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is equal to Free Cash Flow - Year to Date less prior period Free Cash Flow - Year to Date. (3) Free Cash Flow Conversion - Year to Date is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Free Cash Flow - Year to Date divided by Net Income - Year to Date. Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS and EBITDA, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding. View source version on : CONTACT: Lara Mahoney Vice President, Investor Relations & Corporate Communications 440.204.9985 KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION PACKAGING ENGINEERING SEMICONDUCTOR TECHNOLOGY MANUFACTURING OTHER MANUFACTURING SOURCE: Nordson Corporation Copyright Business Wire 2024. PUB: 12/11/2024 04:30 PM/DISC: 12/11/2024 04:32 PM
In a shocking turn of events, the Alibaba Cloud data center was engulfed in a massive fire earlier today, prompting a chaotic evacuation as hundreds of people scrambled to safety. The incident, which took place in the heart of the technology hub, sent plumes of thick, black smoke billowing into the sky and raised concerns about the impact on data security and service interruption.The Shanghai Composite Index, which tracks the performance of all listed stocks on the Shanghai Stock Exchange, showed a strong opening with a notable jump in the first few minutes of trading. Similarly, the Shenzhen Component Index, representing stocks listed on the Shenzhen Stock Exchange, also experienced a sharp rise at the opening bell. The ChiNext Index, which focuses on growth-oriented companies listed on the Shenzhen Stock Exchange, followed suit with a spike in the early trading session.GOJO Shines at ISSA Trade Show, Celebrating Success with Multiple Industry Awards
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