Question · Q1 2026
Matt Somerville of D.A. Davidson sought more specific details on the weather impact on the Medical and Fluid Solutions (MFS) business, including affected product lines and the normalized organic performance. He also inquired about the current M&A landscape, including multiples, deal sizes, and areas of activity across the company.
Answer
Daniel Hopgood, EVP and CFO, explained that the weather impact was primarily on interventional products and fluid components, affecting East Coast operations and supply chains, resulting in about a 1% sales impact (2-3 days of production). Normalized MFS organic growth would have been approximately 4%. Sundaram Nagarajan, President and CEO, stated that Nordson maintains a disciplined M&A approach with an active pipeline, focusing on expanding the Medical component portfolio, Test & Inspection opportunities, and core industrial technologies. He acknowledged elevated multiples in some cases but emphasized consistent strategic and financial criteria for acquisitions.
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