Nordson Corp Q3 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I wanted to talk a little bit about mix in the quarter. So obviously, NBS Next is helping -- and industrial position, you're seeing the divestiture is helping. But is there -- are you seeing any interesting trends that are helping mix from that standpoint? And then same within ATS, I would think that actually, with electronics and test and inspection improving, maybe you'd see the -- maybe a less favorable mix, but what's going on in there?

Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Okay. Interesting.

Question: Andrew Edouard Buscaglia - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : Okay. That's helpful. And then another one on -- in that -- with the NDC acquisition, it seems like a great company. I guess I was a little bit surprised, given like the specialty nature of this business. And it seems like a pretty good deal that EBITDA margins look like they're around 16.5% to 17%. Is this a situation where this company has a lot of -- a very high gross margin profile, but maybe EBITDA margins, you see an opportunity to expand? And I know you gave a over 20% target. Is that a near-term target? Or is the longer term to more get that margin in line or above corporate average?