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Nordson Corporation Reports Record Third Quarter Results and Raises Fiscal Year 2021 Guidance Third Quarter : • Quarterly sales , operating profit , and earnings per share were all company records Sales were $ 647 million , a 20 % increase over prior year Operating profit was $ 188 million , a 57 % increase over prior year adjusted operating profit Earnings were $ 2.42 per diluted share , a 70 % increase over prior year adjusted earnings per share Guidance : Increased prior fiscal 2021 full - year revenue guidance range to 11 % to 12 % growth over prior year , and earnings guidance range by approximately 7 % to $ 7.75 to $ 7.95 per diluted share WESTLAKE , Ohio -- ( BUSINESS WIRE ) -- August 30 , 2021 -- Nordson Corporation ( Nasdaq : NDSN ) today reported results for the fiscal third quarter ended July 31 , 2021. Sales were a quarterly company record of $ 647 million , a 20 % increase compared to the prior year's third quarter sales of $ 538 million . The increase in third quarter 2021 sales included organic volume growth of 20 % and favorable effects from currency translation of 4 % , offset by a net unfavorable impact of acquisitions and divestitures of 4 % . The organic sales increase was driven by continued demand across all end markets , including a seasonal increase of quarterly shipments into the electronics end market . Operating profit in the quarter was $ 188 million , or 29 % of sales , compared to prior year adjusted operating profit of $ 120 million . This 57 % increase in adjusted operating profit was driven by sales volume leverage and benefits from structural cost reduction actions taken in fiscal year 2020 , as well as the divestiture of the screws and barrels product line on February 1 , 2021. EBITDA for the third quarter of 2021 totaled $ 215 million , or 33 % of sales . Net income was $ 142 million , a 71 % increase from the prior year adjusted earnings of $ 83 million . Third quarter 2021 diluted earnings per share were $ 2.42 , a 70 % increase over the prior year adjusted diluted earnings per share of $ 1.42 . " In the fiscal third quarter , we continued to benefit from the robust end market demand and accelerated recovery that we experienced in our second quarter . We were particularly pleased to see strong growth return in our medical , electronics and industrial end markets . Our teams are doing an outstanding job of managing through external supply chain and labor headwinds in order to deliver on the needs of our customers . The comprehensive execution of the Ascend strategy with NBS Next growth framework at its core continues to help us deliver top tier growth with leading margins and returns , ” said Sundaram Nagarajan , president and chief executive officer . Third Quarter Segment Results Industrial Precision Solutions sales of $ 345 million increased 20 % compared to the prior year third quarter , driven by a 22 % organic increase and a favorable currency impact of 5 % , partially offset by a divestiture impact of 8 % . The organic sales increase was driven by continued demand in consumer non - durable and industrial end markets , particularly in China . Operating profit was $ 124 million , or 36 % of sales , an increase of 60 % compared to the prior third quarter adjusted operating profit . year Advanced Technology Solutions sales of $ 301 million increased 21 % compared to the prior year third quarter . Organic sales increased 18 % while favorable currency impacts added 2 % and acquisitions increased sales by approximately 1 % . Sales demand was strong in all product lines including those serving electronics and medical end markets , with the Americas and China leading the growth from a regional perspective . Operating profit totaled $ 81 million , or 27 % of sales , an increase of 51 % compared to the prior year third quarter adjusted operating profit . " I am pleased with the broad - based organic growth and attractive incremental margins in both segments , " said Joseph Kelley , executive vice president and chief financial officer . “ Rigorous application of the NBS Next growth framework in our divisions is helping us to focus and sustain profitable growth in our greatest opportunities . ” 1