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: Jeffrey D. Hammond - KeyBanc Capital Markets - Analyst
: So I just wanted to get a better feel for what you're seeing from an order momentum standpoint across the businesses, particularly, I guess, ATS,
where you've built some momentum and now you're talking about a little bit tougher comps. And then Medical, as we kind of get through the
destocking and maybe just some color around the backlog down sequentially. Is that a function of timing or some air pockets in the order book?
Question: Jeffrey D. Hammond - KeyBanc Capital Markets - Analyst
: Okay. And then just a follow-up on ATS. I mean I understand maybe some lumpiness timing in 3Q from 4Q. And then maybe a tougher comp or
maybe still an easy comp into 4Q. But it still seems like we're coming out of a multiyear down cycle. And I just want to make sure I'm reading that
right.
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AUGUST 21, 2025 / 12:30PM, NDSN.OQ - Q3 2025 Nordson Corp Earnings Call
Question: Edward Magi - BNP Paribas - Analyst
: This is Ed on for Andrew. The latest sales guidance for slightly below the mid-point seems to be slightly better than your prior guidance of saying
low end, but that commentary from Q1, Q2 came from when tariffs have been maybe weighing a little bit more on sentiment. And after the solid
Q3, wondering if you guys could have perhaps improved the outlook a little bit more with today's tariff situation looking a little bit better than it
did during those prior guidance.
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AUGUST 21, 2025 / 12:30PM, NDSN.OQ - Q3 2025 Nordson Corp Earnings Call
Question: Edward Magi - BNP Paribas - Analyst
: Yes. Very helpful. And then an unrelated follow-up. With regard to the divestiture charges, are you able to unpack what went into that $12 million?
And then is there anything else we can expect to see in the fourth quarter, assuming that closes on track?
Question: Walter S. Liptak - Seaport Research Partners - Analyst
: So in the ATS segment, there was some good discussion and Naga you brought up new product development. And I wonder if we can try and tie
something together. AI is a fairly powerful new technology. And you have a lot of exposure on the consumer side, not just automotive, but a whole
bunch of consumer products that have electronics. Are you seeing your consumer products companies start to do redesign where they can make
smart products that leverage the AI tech?
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AUGUST 21, 2025 / 12:30PM, NDSN.OQ - Q3 2025 Nordson Corp Earnings Call
Question: Walter S. Liptak - Seaport Research Partners - Analyst
: Okay. Yes, it does. And just switching gears to IPS. I was wondering if you could talk a little bit about the quote-to-order cycle. There's been like this
pause going on because of all of the headwinds that we all know about. Are you seeing any improvement in kind of maybe the lifting of the pause?
Question: Walter S. Liptak - Seaport Research Partners - Analyst
: Yes. For larger systems, it just seems like generally, there's a reluctance to put capital to work just because of the tariffs specifically and not knowing
what the rules are going to be.
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