The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: I just want to touch on ATS. So I thought we would see that turn to growth just given a difficult -- given like we're wrapping some
easier comps. And your overall guidance really for organic growth isn't quite that high, if you exclude FX. It doesn't really seem to
be assuming much of a snapback in ATS in the back half. So I'm just trying to figure out, is you just being conservative? Or the ATS
segment hasn't quite grown what you say can grow 2 to 3x GDP in 3 years now. So I guess what gives -- or can you give some investors
some confidence that this growth is coming? Or is this conservatism?
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FEBRUARY 23, 2021 / 1:30PM, NDSN.OQ - Q1 2021 Nordson Corp Earnings Call
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: No, no, no. You, go ahead.
Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Yes. And I think you said you sound like China had a good -- as expected, it was pretty strong. In Q2, it's going to be maybe a little
dampened over there. But I guess, exiting the year in the second half, presumably all 3 regions for China, Europe and U.S., it sounds
like those all have to be -- you're assuming those are all growing in tandem, exiting 2021. I guess based on easy comps and the
pandemic lifting. Is there any other like regional, I guess, regional color you can provide? Yes, that was...
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