Nordson Corporation

Ladies and gentlemen, thank you for joining us and welcome to the Nordson Corporation third quarter fiscal year 2025 conference call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star nine to raise your hand and star six to unmute. I will now hand the conference over to Lara Mahoney. Lara, please go ahead.

Good morning. This is Laura Mahoney, Vice President of Investor Relations and Corporate Communications. I'm here with Sundaram Nagarajan, our President and Chief Executive Officer, and Dan Hopgood, Executive Vice President and Chief Financial Officer. We welcome you to our conference call today, Thursday, August 21st, to report Norton's fiscal 2025 third quarter 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 www.nordson.com forward slash investors. This conference call is being broadcast live on our investor website and will be available there for 30 days. During this conference call, we will make references to non-GAAP financial metrics. We've provided a reconciliation of these metrics to the most comparable gap metric 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 materially differ. Moving to today's agenda on slide three, Naga will discuss third quarter highlights. He will then turn the call over to Dan to review sales and earnings performance for the total company and the three business segments. Dan will also discuss the balance sheet and cash flow. Naga will then share a high level commentary about our enterprise performance and provide an update on the fiscal 2025 full year guidance. We will then be happy to take your questions. With that, I'll turn to slide four and turn the call over to Naga.

Good morning, everyone. Thank you for joining Nordsten's fiscal 2025 third quarter conference call. In the quarter, the Nordsten team responded effectively to dynamic demand conditions in the key end markets. This generated sales of $742 million which is above the midpoint of our guidance with solid contribution from both organic and inorganic growth. The advanced technology solution segment was a big contributor to this performance, delivering a second consecutive quarter of double digit organic sales growth. Operational excellence drove strong profit performance, increasing adjusted earnings per share by 13% and EBITDA by 15% compared to prior year. The third quarter was the final full quarter of Atrion's first year post acquisition. As you will recall, We closed the Atrion acquisition on August 21 of 2024, expanding Norton's medical portfolio into proprietary medical infusion fluid delivery and niche cardiovascular solutions. In the quarter, our employees again exceeded expectations and contributed to both sales and earnings results. This is the result of commercial scale that Nordsten has brought to the business, as well as the positive market acceptance of the product portfolio. Their operational performance reflects solid execution of the integration plan, as well as the ongoing deployment of NBS Next. I would also like to highlight our free cash flow of $226 million and cash flow conversion of 180% of net income during the quarter. This represents record quarterly free cash flow and was driven by a focus on sustainable working capital improvements. We use this cash to reduce debt, repurchase shares, and return dividends to the shareholders all the while continuing to invest in the company. I will speak more about the enterprise performance in few moments, but first I'll turn the call over to Dan to provide detailed perspective on our financial results for the quarter.