Operator
Ladies and gentlemen, thank you for standing by and welcome to the Nordson Corporation First Quarter Fiscal Year 2021 conference call.. [Operator Instructions].
I would now like to hand the conference over to Lara Mahoney, thank you. Please go ahead.
Lara Mahoney
Vice President, Investor Relations & Corporate Communications
Thank you. Good morning. This is Lara Mahoney, Vice President of Investor Relations and Corporate Communications. I am here with Sundaram Nagarajan, our President and CEO and Joseph Kelley, Executive Vice President and CFO. We welcome you to our conference call today, Tuesday, February 23, 2021, to report Nordson s fiscal 2021 first quarter results.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Nordson Corporation Announces Close of Screws and Barrels Product Line Divestiture
February 1, 2021 GMT
WESTLAKE, Ohio (BUSINESS WIRE) Feb 1, 2021
Nordson Corporation (Nasdaq: NDSN) today announced that it has closed the divestiture of the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair).
Nordson and Altair signed a definitive agreement on December 3, 2020, for the sale of the screws and barrels product line. Generating more than $70 million in annual revenue with 500 employees, this global product line had been reported in Nordson’s Industrial Precision Solutions segment. This strategic portfolio transaction will improve the company’s ongoing earnings.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Nordson Corporation Fourth Quarter and Fiscal Year 2020 Conference Call. [Operator Instructions]
I would now like to turn the call over to your speaker today, Lara Mahoney. Please go ahead.
Lara Mahoney
Vice President, Investor Relations & Corporate Communications
Thank you. Good morning. This is Lara Mahoney, Vice President of Investor Relations and Corporate Communications. I m here with Sundaram Nagarajan, our President and CEO; and Joseph Kelly, Executive Vice President and CFO.
We welcome you to our conference call today, Wednesday, December 16, 2020 to report Nordson s fiscal year 2020 fourth quarter and full year results. You can find both our press release as well as our new webcast slide presentation that we will refer to during today s call on our website at nordson.com/investor. This conference call is being broadcast live on our Investor website and will be available there for 14 days. T