Nordson Corporation (NDSN) Interest Coverage Ratio: 7.16x

About Nordson Corporation

Nordson Corporation specializes globally in the engineering, manufacturing, and marketing of advanced products and systems for the precise dispensing, application, and control of diverse fluids, including adhesives, coatings, polymers, sealants, and biomaterials. The company operates through two main business segments: Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS). The IPS division provides dispensing, coating, and laminating equipment tailored for materials like adhesives, lotions, liquids, and fibers, which are used in disposable products and roll goods production. It also supplies automated adhesive dispensers for the packaged goods sector and crucial components for thermoplastic melt stream processes. Furthermore, IPS offers product assembly systems applicable to paper and paperboard converting, roll goods manufacturing, and the assembly of plastic, metal, and wood components. This segment's offerings extend to automated and manual solutions for applying adhesives and sealants, container coating and curing systems, and equipment for spraying liquid and powder paints/coatings onto consumer and industrial goods. Additionally, it provides ultraviolet (UV) curing and drying technology for specialty coatings, semiconductor materials, and paints. Conversely, the ATS segment develops automated fluid dispensing systems for attachment, protection, and coating applications, along with complementary gas plasma treatment systems for surface preparation. This division is also a producer of precision manual and semi-automated dispensers, and a range of minimally invasive medical delivery devices, such as plastic molded syringes, cartridges, tips, fluid connection components, tubing, balloons, and catheters. Moreover, ATS delivers advanced inspection solutions, including bond testers and automated optical, acoustic microscopy, and x-ray systems, primarily serving the semiconductor and printed circuit board industries. Nordson reaches its global customer base through a combined strategy involving its own direct sales team, an extensive network of distributors, and independent sales representatives. The corporation was established in 1935 and its headquarters are located in Westlake, Ohio.