Nordson Corp. (NDSN) Tops Q3 EPS by 10c, provides outlook

Nordson Corp. (NASDAQ: NDSN) reported Q3 EPS of $2.73, $0.10 better than the analyst estimate of $2.63. Revenue for the quarter came in at $742 million versus the consensus estimate of $723.96 million.

Outlook

Backlog is down approximately 5% sequentially following a strong third quarter. This supports achieving the Company’s original full year sales and earnings guidance, assuming completion of the pending divestiture of the medical contract manufacturing business in the fourth quarter. Fiscal full year sales are now tracking slightly below the mid-point and full year adjusted earnings per share are now tracking slightly above the mid-point of our original guidance.

Reflecting on the full year outlook, Nagarajan said, “Following a strong third quarter, I am pleased that we are able to affirm our full year sales guidance and earnings expectations. NBS Next is driving organic growth by enhancing our new product vitality, best-in-class quality and delivery, while also empowering our teams to respond quickly to changing customer demand. Through our close-to-customer business model, diverse product portfolio and in-region, for-region manufacturing strategy, we have continuously demonstrated resilience and the ability to deliver solid growth and best-in-class profitability in varying market scenarios.”

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

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