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Nordson realigns business segment for profitable growth focus

Jul. 08, 2022 8:58 AM ETNordson Corporation (NDSN)By: Manshi Mamtora, CFA
  • Nordson (NASDAQ:NDSNannounced a strategic business segment realignment that reinforces the company’s focus on its long-term profitable growth strategy.
  • The Company will reorganize into three financial reporting segments effective August 1, 2022: Industrial Precision Solutions (or IPS); Medical and Fluid Solutions (or MFS); and Advanced Technology Solutions (or ATS).
  • In fiscal 2021, the IPS, MFS and ATS segment had revenues of $1.2B, $0.6B and $0.5B respectively.

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