Nordson (NDSN) CEO, Sundaram Nagarajan on Q2 2022 Results - Earnings Call Transcript

Nordson Corporation (NASDAQ:NDSN) Q2 2022 Earnings Conference Call May 24, 2022 8:30 AM ET

Company Participants

Sundaram Nagarajan - President, Chief Executive Officer

Joseph Kelley - Executive Vice President, Chief Financial Officer

Lara Mahoney - Vice President, Investor Relations and Corporate Communications

Conference Call Participants

Matt Summerville - DA Davidson

Jeff Hammond - Keybanc Capital Markets

Allison Poliniak - Wells Fargo

Chris Dankert - Loop Capital

Walter Liptak - Seaport Global

Operator

Good morning. My name is Chris and I’ll be your conference Operator today. At this time, I’d like to welcome everyone to the Nordson Corporation’s second quarter fiscal year 2022 conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then the number one on your telephone keypad. To withdraw your question, please press star, one again. Thank you.

Lara Mahoney, you may begin.

Lara Mahoney

Thank you, good morning. This is Lara Mahoney, Vice President of Investor Relations and Corporate Communications. I’m here with Sundaram Nagarajan, our President and CEO and Joseph Kelley, Executive Vice President and CFO. We welcome you to our conference call today, Tuesday, May 24 to report Nordson’s fiscal 2022 second quarter results. You can see both the press release as well as our webcast slide presentation that we will refer to during today’s call on our website at www.nordson.com/investors.

This conference call is being broadcast live on our investor website and will be available there for 14 days. There will be a telephone replay of the conference call available until Tuesday, May 31, 2022.

During this conference call, references to non-GAAP financial metrics will be made. A reconciliation of these metrics to the most comparable GAAP metrics was provided in the press release issued yesterday.

Before we begin, please refer to Slide 2 of our presentation where we note that certain statements regarding our future performance that are made during this call may be forward-looking based upon Nordson’s current expectations. These statements may involve a number of risks, uncertainties and other factors as discussed in the company’s filings with the Securities and Exchange Commission that could cause actual results to differ.

Moving to today’s agenda on Slide 3, Naga will discuss second quarter highlights. He will then turn the call over to Joe to review sales and earnings performance for the total company and the two business segments. Joe will also discuss the balance sheet and cash flow. Naga will conclude with a high level commentary about our enterprise performance as well as our updated fiscal 2022 full year and third quarter guidance. We will then be happy to take your questions.