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NDSN — Nordson News Story

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Nordson beats Q1 sales estimates; raises annual sales, earnings guidance

Overview

Precision technology firm's fiscal Q1 sales rose 9% to $669 mln, beating expectations

Adjusted EPS for fiscal Q1 was $2.37, slightly missing analyst estimates

Company raised full-year guidance for sales and earnings

Outlook

Nordson sees second-quarter sales between $710 mln and $740 mln

Company forecasts Q2 adjusted EPS between $2.70 and $2.90

Nordson raises full-year sales guidance to $2,860 mln - $2,980 mln

Company increases full-year adjusted EPS guidance to $11.00 - $11.60

Result Drivers

ORGANIC GROWTH - Nordson reported organic sales growth of 7% across all segments, with notable strength in the semiconductor space

CURRENCY IMPACT - Favorable currency translation contributed 4% to sales growth, offsetting some divestiture impacts

SEGMENT PERFORMANCE - Advanced Technology Solutions sales rose 23% driven by electronics dispense and x-ray systems demand

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$669.46 mln$653.46 mln (9 Analysts)
Q1 Adjusted EPSMiss$2.37$2.38 (9 Analysts)
Q1 EPS$2.38
Q1 Net Income$133.38 mln
Q1 Gross Margin54.70%
Q1 Operating Profit$166.41 mln
Q1 Pretax Profit$164.50 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell" The average consensus recommendation for the industrial machinery & equipment peer group is "buy" Wall Street's median 12-month price target for Nordson Corp is $276.50, about 6.9% below its February 17 closing price of $296.93 The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago Press Release: ID:nBw5ynPYBa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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