Nordson (NDSN) PT Raised to $276 at Jefferies

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Nordson Corporation Reports Record Third Quarter Results and Raises Fiscal Year 2021 Guidance

August 30, 2021 4:30 PM EDT

Third Quarter:

Quarterly sales, operating profit, and earnings per share were all company records Sales were $647 million, a 20% increase over prior year Operating profit was $188 million, a 57% increase over prior year adjusted operating profit Earnings were $2.42 per diluted share, a 70% increase over prior year adjusted earnings per share

Guidance:

Increased prior fiscal 2021 full-year revenue guidance range to 11% to 12% growth over prior year, and earnings guidance range by approximately 7% to $7.75 to $7.95 per diluted... More