earnings
confidence high
sentiment negative
materiality 0.75
Nordson Q2 2023 adjusted EPS $2.26, down 7% YoY; narrows FY2023 adjusted EPS guidance
NORDSON CORP
2023-Q2 EPS reported
$4.02
revenue$1,260,642,000
- Sales $650M (+2% YoY); organic +1%, acquisition +3%, currency -2%.
- Adjusted EPS $2.26 vs $2.43 prior year; net income $128M.
- Industrial Precision Solutions sales $336M (+9% organic); Medical/Fluid $167M (-3% organic); Advanced Tech $148M (-10% organic).
- FY2023 adjusted EPS guidance narrowed to $8.90-$9.30; revenue growth guidance maintained 0-3%.
- Backlog $950M; expect Q4 sales strongest, Q3 comparable to prior year.