Nordson Corp. (NDSN) Tops Q3 EPS by 13c; Guides Q4 EPS to Strong-Side of Views

Nordson Corp. (NASDAQ: NDSN) reported Q3 EPS of $1.46, $0.13 better than the analyst estimate of $1.33. Revenue for the quarter came in at $490 million versus the consensus estimate of $479.75 million.

Order Rates and Backlog

Order rates for the 12-week period ending August 14, 2016, measured in constant currency, increased by 16 percent over the same period a year ago. Order rates by segment and geography are provided in the accompanying financial tables, with pro-forma growth in order rates calculated as though fiscal year 2015 acquisitions were owned in both years.

Backlog for the quarter ended July 31, 2016 was approximately $333 million, an increase of 22 percent compared to the same period a year ago, and inclusive of 20 percent organic growth and 2 percent growth due to acquisitions. Backlog amounts are calculated at July 31, 2016 exchange rates.

GUIDANCE:

Nordson Corp. sees Q4 2016 EPS of $1.15-$1.27, versus the consensus of $1.15. Sees Q4 sales up 6 - 10 percent.

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

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