- Nordson’s total sales for Q3 reached $741.5 million, a 12% increase compared to last year, and surpassed the estimate of $722.3 million.
- Sales from Industrial Precision Solutions were $350.8 million, a decrease of 5.3% year-over-year, but slightly above the estimated $345.3 million.
- Advanced Technology Solutions saw a substantial growth in sales, reaching $171.3 million, up by 38% year-over-year, exceeding the estimate of $162.4 million.
- Total operating profit for the company increased by 12% year-over-year to $187.8 million.
- Industrial Precision Solutions operating profit was $116.7 million, a slight decrease of 1.2% year-over-year, but higher than the estimated $115.6 million.
- Advanced Technology Solutions achieved an operating profit of $36.9 million, marking a significant increase of 61% year-over-year, and exceeding the estimate of $33.1 million.
- Adjusted EBITDA grew by 15% year-over-year to $238.5 million, surpassing the estimated $230.7 million.
- The company’s cash and cash equivalents stood at $147.8 million, showing an 11% decrease year-over-year, and lower than the projected $206.5 million.
- Fiscal full-year sales are slightly below the mid-point of original guidance, while adjusted earnings per share are slightly above the mid-point.
- The acquisition of Atrion contributed positively to both sales and earnings results in its first year.
- There are currently 6 buys, 6 holds, and no sell recommendations for Nordson’s stock.
A look at Nordson Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investors looking towards the long-term future of Nordson Corp can rely on the Smartkarma Smart Scores to gauge the company’s overall outlook. With consistent scores of 3 across Value, Dividend, Growth, and Resilience, Nordson demonstrates stability and a solid foundation for potential growth. Additionally, a Momentum score of 4 indicates promising trends in market performance. Nordson Corporation, known for its expertise in designing and manufacturing systems for applying adhesives, sealants, and coatings in manufacturing processes, maintains a global presence to serve a diverse customer base.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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