Nordson Corporation is a global leader in precision dispensing, coating, and curing technologies, specializing in providing advanced solutions for various industries, including electronics, medical devices, packaging, and consumer products
The company designs and manufactures a wide range of equipment used for applying adhesives, coatings, sealants, and other materials, ensuring optimal performance and efficiency in manufacturing processes. With a strong focus on innovation and customer collaboration, Nordson enhances productivity and quality across its clients' operations by offering tailored solutions that meet specific application needs.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Nordson (NASDAQNDSN) and its peers.
Over the past six months, Nordson’s shares (currently trading at $211.27) have posted a disappointing 7.2% loss, well below the S&P 500’s 8.8% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Shares of manufacturing company Nordson (NASDAQNDSN)
fell 8.2% in the morning session after the company reported weak third-quarter financial results. Its full-year revenue and earnings guidance fell short of Wall Street's estimates, sending shares lower. On the other hand, Nordson exceeded analysts' revenue, EBITDA, and EPS expectations this quarter. Overall, this quarter could have been better.
Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025.
Manufacturing company Nordson (NASDAQNDSN) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 3.5% year on year to $744.5 million. On the other hand, next quarter’s revenue guidance of $635 million was less impressive, coming in 6.9% below analysts’ estimates. Its non-GAAP profit of $2.78 per share was 7.3% above analysts’ consensus estimates.
Nordson recorded a net income of $122 million for the fourth quarter of the current fiscal, which was less than the net income of $128 million in the same quarter of the previous fiscal year.
