Nordson Q1 sales $633M (+4% YoY), adj EPS $2.21; narrows FY outlook to 4-7% growth

NORDSON CORP

2024-Q1 EPS reported $1.90 revenue$633,193,000

Sales $633M (+4% YoY); organic -2%, acquisition +5% from ARAG. Net income $110M ($1.90 EPS); adj EPS $2.21.
IPS segment sales $355M (+14%) on ARAG and organic growth; ATS sales $119M (-18%) on electronics weakness.
EBITDA $197M (31% of sales), up 9% YoY driven by improved gross margins.
FY2024 guidance narrowed: rev growth 4-7% over FY2023; adj EPS $10.00-$10.50. Q2 forecast: sales $645-670M, adj EPS $2.20-$2.35.
Backlog ~$750M normalizing; IPS and MFS segments performed solidly; ATS managed electronics weakness.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORDSON CORP reported first quarter of fiscal 2024 results: revenue $633 million, net income $110 million, EPS $1.90. Guidance reaffirmed.

Period: first quarter of fiscal 2024
Revenue: $633 million
Net income: $110 million
EPS: $1.90
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sales were $633 million, a 4% increase from the prior year • Net income was $110 million • Earnings per diluted share were $1.90

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Source: SEC EDGAR

accession 0000072331-24-000036

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