Feb 19 - Dispensing equipment maker Nordson Corp ( NDSN )

reported a drop in quarterly revenue and profit on

Wednesday, hit by a continued softening in demand for its

products.

Shares of the company were down over 2% in extended trade.

Global decline in farm incomes has hit demand for new

agricultural equipment, adversely affecting equipment makers

such as Nordson ( NDSN ), which makes agricultural spraying equipment.

A slowdown in consumer spending in the electronics market

has also negatively impacted sales in the company's advanced

technology solutions segment, which makes packaging tools for

semiconductor production.

The company's industrial precision solutions unit that

contributed to more than half of total sales in 2024 posted an

8.4% fall in quarterly sales.

"We experienced weakness across multiple end markets as we

exited calendar year 2024, resulting in sales performance at the

low end of our guidance range for our first fiscal quarter,"

Nordson ( NDSN ) CEO Sundaram Nagarajan said in a statement.

Nordson ( NDSN ) reported a net income of $94.7 million, or $1.65 per

share, in the first quarter ended January 31, compared to $109.6

million, or $1.90 per share, a year ago.

The Westlake, Ohio-based manufacturer's quarterly revenue

fell about 3% to $615.4 million.