Nordson Corp. (NDSN) Tops Q2 EPS by 14c, Revenue Misses, Updates Guidance

Nordson Corp. (NASDAQ: NDSN) reported Q2 EPS of $2.43, $0.14 better than the analyst estimate of $2.29. Revenue for the quarter came in at $635 million versus the consensus estimate of $644.91 million.

Outlook:

The Company continues to be encouraged as order entry remained strong throughout the second quarter with a favorable book-to-bill ratio. Backlog entering the second half of fiscal 2022 exceeds $1 billion, as the Company continues to see extended shipment request dates in conjunction with large orders from its customers in electronics, industrial and medical end markets.

For the full year, the Company is increasing its previously issued adjusted earnings guidance to growth in the range of 18% to 21% and narrowing its previously issued year-over-year revenue guidance to growth of 8% to 9% over fiscal 2021.

Fiscal 2022 third quarter revenue and adjusted earnings are forecasted to be comparable to the prior year results.

For earnings history and earnings-related data on Nordson Corp. (NDSN) click here.

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