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Nordson Corporation
12/15/2022
Good morning, my name is Dennis and I will be your conference operator today. At this time, I would like to welcome everyone to the Norton Corporation fourth quarter and fiscal year 2022 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's 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, press star one again. I would now like to turn the conference over to Laura Mahoney, Vice President of Investor Relations and Corporate Communications. Please go ahead.
Thank you. Good morning. This is Laura Mahoney, Vice President of Investor Relations and Corporate Communications. I'm here with Sundaram Nagarajan, our President and CEO, and Joseph Kelly, Executive Vice President and CFO. We welcome you to our conference call today. Thursday, December 15th, 2022, to report Nordson's fiscal year 2022 fourth quarter and full year results. You can find both our press release as well as our webcast slide presentation that we will refer to during today's call on our website at nordson.com forward slash 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 December 29, 2022. During this conference call, references to non-GAAP financial metrics will be made. A complete reconciliation of these metrics to the most comparable GAAP metric has been provided in the press release issued yesterday. Before we begin, please refer to slide two 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 three, Naga will discuss fourth quarter and full year highlights. He will then turn the call over to Joe to review sales and earnings performance for the total company and the three business segments. Joe also will talk about the year-end balance sheet and cash flow. Naga will conclude with a high-level commentary about our enterprise performance. including an update on the Ascend strategy, as well as our fiscal 2023 first quarter and full year guidance. We will then be happy to take your questions. With that, I'll turn to slide four and hand the call over to Naga.
Good morning, everyone. Thank you for joining Norton's fiscal 2022 fourth quarter and full year conference call. As I reflect, on the past few years, and in particular, 2022, the Nordstrom team managed through supply chain constraints, inflation at a 40-year high, increasing currency pressures, labor challenges, and COVID-19 shutdowns. And yet, we have achieved a second consecutive year of record results in fiscal 2022. I want to thank are incredible employees who have remained focused on our customers and successfully leveraged our NBS Next growth framework to prioritize their time, efforts, and resources on the best growth opportunities during the year. They finished 2022 with a strong fourth quarter performance and carry momentum into 2023 related to the holistic deployment of NBS Next NRSN strategy. This is critical as we enter 2023. The environment will likely be as full of macro changes and challenges as the last two years. I'll speak more to this in few moments, but I will now turn the call over to Joe to provide more detailed perspectives on our financial results for this quarter and fiscal 2022.
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