Nordson Corp. (NDSN) Tops Q2 EPS by 48c, Offers Guidance

Nordson Corp. (NASDAQ: NDSN) reported Q2 EPS of $2.12, $0.48 better than the analyst estimate of $1.64. Revenue for the quarter came in at $590 million versus the consensus estimate of $547.98 million.

GUIDANCE:

Nordson Corp. sees FY2021 EPS of $7.20-$7.50, versus the consensus of $6.62.

• Order entry trends consistently improved throughout the second quarter of fiscal year 2021 across most of our product lines, and remain strong entering the third quarter. Based on the current backlog, order entry trends, and the correlation to shipment timing, we expect the fiscal 2021 full year sales growth to be approximately 8% to 10% over fiscal year 2020, inclusive of a 3% headwind from the second quarter divestiture of the screws and barrels product line. Additionally, we are forecasting full year 2021 earnings per diluted share in the range of $7.20 to $7.50, representing 31% to 37% growth over the prior year adjusted earnings.

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

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