Nordson Corporation (NASDAQ:NDSN) has released the fourth quarter and fiscal year results for quarter and year ending October 31, 2009. The company reported sales at $237 million showing a 15% increase over the third quarter of 2009. Net loss was shows at $209 million, or $6.22 per diluted share for the fourth quarter.
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Fourth quarter sales during the previous year had sales, net income and diluted earnings per share at $298 million, $321 million and 40.90 respectively. The company anticipates an increase in the sales range from 14 to 17 percent for the first quarter of 2010. They also expect the diluted earnings per share to stand between $0.61 and $0.71 with an anticipated $0.10 per share one time tax benefit and a $0.01 per share charge for restructuring activities.
Nordson Corporation (Nordson) is a global manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing. The Company’s technology-based systems can be found in production facilities globally. Nordson serves many markets, including the appliance, automotive, bookbinding, container, converting, electronics, food and beverage, furniture, life sciences, medical, metal finishing, nonwoven, packaging and semiconductor industries. The Company operates in three business segments: adhesive dispensing systems, advanced technology systems and industrial coating and automotive systems.
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