Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Nordson Corporation    NDSN

News SummaryMost relevantAll newsSector news 

Nordson Corporation : Activates Previously Authorized Share Repurchase Program

02/27/2013 | 09:05am US/Eastern

Nordson Corporation (Nasdaq: NDSN) today announced that it is activating its existing stock repurchase plan, authorized by Nordson's Board of Directors in March 2012. Approximately $85 million remains available for repurchasing the company's common shares under the plan's total authorization of $100 million.

"Our announcement today reflects continued confidence in the long-term strength of our company and our ongoing commitment to creating shareholder value," said Nordson President and CEO Michael F. Hilton. "Nordson continues to generate strong cash flow which enables us to be disciplined yet opportunistic in repurchasing shares while also ensuring the proper balance between organic, strategic and continuous improvement initiatives."

Expected uses for repurchased shares include, but are not limited to, funding benefit programs including stock options, restricted stock and 401(k) matching. Shares repurchased will be treated as treasury shares until used for such purposes.

Shares may be purchased from time to time at prevailing prices, subject to market conditions, share price and other considerations. Purchases will be made on the open market pursuant to the applicable Securities Exchange Act Rules and will be funded from operating cash flows.

Nordson Corporation delivers precision technology solutions that help customers succeed worldwide. The company engineers, manufactures and markets differentiated products and systems used for precision dispensing of adhesives, coatings, sealants, biomaterials, fluids and other materials, plastic extrusion and injection molding, electronics testing and inspecting, and surface preparation, all supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the company has operations and support offices in more than 30 countries. Visit Nordson on the web at www.nordson.com, http://www.twitter.com/Nordson_Corp or www.facebook.com/nordson.

Nordson Corporation
James R. Jaye, 440-414-5639
Director, Communications & Investor Relations

© Business Wire 2013
React to this article
02/04 NORDSON : Patent Issued for Reconfigurable Mixing Baffle for Static Mixer and Me..
02/04 NORDSON : Patent Issued for Adhesive Dispensing System and Method Including a Pu..
02/04 NORDSON : Appoints Sam Ryu to Be Sales Manager in South Korea for Melt Delivery ..
02/04 NORDSON : Announces Earnings Release and Webcast for First Quarter Fiscal Year 2..
02/02 NORDSON : YESTECH to Launch Advanced New 3D Technology for Automated Optical Ins..
02/02 Nordson Corporation Announces Earnings Release and Webcast for First Quarter ..
02/02 NORDSON : Appoints Sam Ryu to Be Sales Manager in South Korea for Melt Delivery ..
01/21 NORDSON : Patent Issued for Force Amplifying Driver System and Jetting Dispenser..
01/21 NORDSON : Patent Issued for Coaxial Venal Cannula (USPTO 9233223)
01/07 NORDSON : DAGE Announces AB Electronic Devices as European Distributor of the Ye..
News chart
Full-screen chart
Income Statement Evolution
More Financials