Nordson Corp. (NASDAQ: NDSN) reported Q2 EPS of $1.56, $0.13 better than the analyst estimate of $1.43. Revenue for the quarter came in at $554 million versus the consensus estimate of $551.91 million.

Outlook

For the third quarter of fiscal 2018, sales are expected to be in the range of up 1 percent to down 3 percent compared to the third quarter a year ago. This outlookincludes a range for organic volume to be down 2 to 6 percent, 1 percent growth from the first year effect of acquisitions, and a positive currency effect of 2 percent based on the current exchange rate environment as compared to the prior year. At the midpoint of this outlook, operating margin is expected to be approximately 23 percent. GAAP diluted earnings per share are expected to be in the range of $1.47 to $1.63, with an estimated effective tax rate of approximately 25 percent. At the midpoint of the guidance, EBITDA and EBITDA margin are expected to be $161 million and 28 percent, respectively.

“As with our recently completed quarter, we are up against very challenging comparisons to an exceptionally strong prior year third quarter, where total company organic sales growth was 11 percent,” said Hilton. “Our global team remains committed to delivering the best technology solutions while employing continuous improvement initiatives to drive bottom line results, and we expect to generate total company organic sales growth in the low single-digits on a full year basis for fiscal 2018.”

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