earnings
confidence high
sentiment neutral
materiality 0.70
Nordson Q3 sales down 2% to $649M; adjusted EPS $2.35; FY23 guidance narrowed
NORDSON CORP
2023-Q3 EPS reported
$6.24
revenue$1,909,319,000
- Sales $649M (-2% YoY); organic sales -5% offset by acquisitions; GAAP EPS $2.22, adjusted EPS $2.35.
- EBITDA $208M (32% of sales); adjusted operating profit $181M (28% of sales).
- Electronics & biopharma weakness; medical interventional solutions and polymer processing posted growth.
- FY23 guidance narrowed: revenue growth 0-2% over record FY22, adjusted EPS $8.90-$9.05.
- ARAG acquisition expected to close late August, contributing ~$20-30M sales in Q4.