Nordson Q2 record sales $741M (+8% YoY) and adj EPS $2.86 (+18% YoY); raises FY outlook

NORDSON CORP

Net income $117M, $2.09 diluted EPS; adjusted diluted EPS $2.86 (record, +18% YoY).
Revenue $741M (record Q2), organic growth 7% and favorable FX 3%; all segments up.
Segments: Industrial Precision Solutions $350M (+10%), Medical & Fluid Solutions $213M (+5%), Advanced Technology Solutions $178M (+10%).
Backlog up 18% YoY; Q3 sales guidance $760-790M, adj EPS $2.95-3.15; FY guidance raised to $2.93-3.01B revenue, adj EPS $11.30-11.80.
Acquired CapstanAG Systems (precision agriculture) in March; small bolt-on.

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