Nordson Corp. (NDSN) Tops Q3 EPS by 8c

Nordson Corp. (NASDAQ: NDSN) reported Q3 EPS of $1.42, $0.08 better than the analyst estimate of $1.34. Revenue for the quarter came in at $538 million versus the consensus estimate of $503.38 million.

Outlook:

“Given the challenging macro-economic environment, I am very pleased with our performance in the quarter and the progress we are making in aligning the organization,” Nagarajan stated. “We will continue to invest in these uncertain times and remain optimistic about the potential of the highly diversified and differentiated Nordson portfolio.”

While the short-term environment remains difficult to predict, we expect fiscal fourth quarter revenue to be commensurate with to slightly better than fiscal third quarter revenue based on the current order entry trends and order backlog. Weekly order entry rates have improved from the lower levels experienced during the third quarter. Entering the fourth quarter, trailing four-week order entry is 93% of prior year levels and backlog totaled $423 million. Operating profit is forecasted to improve modestly in the fiscal fourth quarter compared to the third quarter, as cost reduction initiatives begin to deliver benefits.

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

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