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Organic sales increased 1.8% from the year-ago fiscal quarter's level. Foreign currency translation had a negative impact of 0.3%. Nordson Corporation's (NDSN) second-quarter fiscal 2024 (ended Apr 30, 2024) adjusted earnings of $2.34 per share surpassed the Zacks Consensus Estimate of $2.30. The bottom line increased 13.3% year over year. Revenue Details Nordson's revenues were $650.6 million, which were up 0.1% from the year-ago fiscal quarter's number due to solid momentum in the Industrial Precision Sol ...

Key Takeaways Nordson (NDSN) shares fell sharply in premarket trading Tuesday morning after the industrial equipment maker trimmed its annual sales and earnings outlook amid weakness in electronics orders and agricultural challenges in Europe. The Westlake, Ohio-based company said it now expects full-year fiscal 2024 net sales growth to come in between flat and up 2%, significantly below its prior forecast of 4% to 7% growth. Analysts had been looking for annual revenue to reach $2.77 billion, representing ...

Nordson (NDSN) reported $650.64 million in revenue for the quarter ended April 2024, representing a year- over-year increase of 0.1%. EPS of $2.34 for the same period compares to $2.26 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $658.35 million, representing a surprise of -1.17%. The company delivered an EPS surprise of +1.74%, with the consensus EPS estimate being $2.30. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Core Insights - Nordson reported quarterly earnings of $2.34 per share, exceeding the Zacks Consensus Estimate of $2.30 per share, and showing an increase from $2.26 per share a year ago, resulting in an earnings surprise of 1.74% [1] - The company posted revenues of $650.64 million for the quarter ended April 2024, which was slightly below the Zacks Consensus Estimate by 1.17%, and a marginal increase from $650.17 million year-over-year [2] - Nordson has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates twice during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.74 on revenues of $705.53 million, and for the current fiscal year, it is $10.20 on revenues of $2.76 billion [7] - The trend of estimate revisions for Nordson has been unfavorable leading up to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Manufacturing - General Industrial industry, to which Nordson belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable environment for companies within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Commenting on the Company's fiscal 2024 second quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, "Once again, the teams delivered a solid operating performance, delivering strong gross margins and 31% EBITDA margin. Our sales were in line with management expectations with the IPS and MFS segments delivering organic growth. While we see positive early indicators, our Advanced Technology Solutions segment remains impacted by the electronics cycle. I am pleased with our ab ...

Photographer: Alex Kent/Bloomberg © 2024 Bloomberg Finance LP The coming week is post-OPEX (options expiration week) in May. This has been one of the stronger such weeks among the 12 months of any year since 1985. A rally into the end of the month is expected. Palo Alto reports after the bell on Monday. The stock is highly-ranked for relative strength and seasonality. The period from May through August has been a bullish stretch for this stock. Short-term cycles imply a positive reaction to the earnings ann ...

Nordson Corporation (NDSN) is scheduled to release second-quarter fiscal 2024 (ended Apr 30) results on May 20, after market close. The company has an impressive earnings surprise history, with the average beat being 5.2%. In the last reported quarter, its earnings of $2.21 per share surpassed the Zacks Consensus Estimate of $2.03 by 8.9%. Let's see how things have shaped up for Nordson this earnings season. Factors to Note The Industrial Precision Solutions segment's results are likely to benefit from stro ...

Core Insights - Analysts project Nordson (NDSN) will report quarterly earnings of $2.30 per share, reflecting a 1.8% year-over-year increase, with revenues expected to reach $658.35 million, up 1.3% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [1][2] Revenue Estimates - 'Net sales- Industrial Precision Solutions' are estimated to reach $360.16 million, showing a year-over-year increase of 7.3% [4] - 'Net sales- Advanced Technology Solutions' is projected at $124.09 million, indicating a decline of 16.1% from the prior-year quarter [4] - 'Net sales- Medical and Fluid Solutions' is expected to be $171.24 million, reflecting a year-over-year increase of 2.8% [4] Operating Profit Estimates - The consensus estimate for 'Operating profit (loss)- Advanced Technology Solutions' is $20.49 million, down from $26.09 million a year ago [5] - 'Operating profit (loss)- Medical and Fluid Solutions' is expected to reach $50.73 million, compared to $47.92 million reported in the same quarter last year [5] - 'Operating profit (loss)- Industrial Precision Solutions' is projected at $113.68 million, slightly up from $111.77 million reported in the same quarter last year [6] Stock Performance - Nordson shares have increased by 3.6% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 2.5% [6] - With a Zacks Rank 4 (Sell), Nordson is expected to underperform the overall market in the near future [6]

Core Viewpoint - Nordson Corporation (NDSN) is facing challenges due to weak performance in the Advanced Technology Solutions segment and rising operating costs, which are expected to negatively impact earnings in the upcoming quarters [1]. Business Weakness - The Advanced Technology Solutions segment is experiencing decreased demand for electronics dispensing products, particularly in the cyclical semiconductor market, leading to a revenue decline of 17.6% in the fiscal first quarter ending January 2024 [2]. Steep Costs - The company is grappling with high sales costs, with the cost of sales increasing by 1.1% year over year in the first quarter due to rising input costs. Additionally, selling and administrative expenses rose by 2.4% year over year, driven by increasing acquisition costs, which threaten Nordson's profitability [3]. Forex Woes - Nordson's international operations expose it to risks from adverse currency fluctuations, particularly with a strengthening U.S. dollar, which may necessitate price increases or reduce profit margins in foreign markets. The Industrial Precision solution segment is notably vulnerable to these foreign currency headwinds [4]. Southbound Estimate Revisions - Over the past 60 days, the Zacks Consensus Estimate for NDSN's fiscal 2024 earnings has been revised downward by 0.2% [5]. Price Performance - Nordson's shares have increased by 28.7% over the past year, which is below the industry's growth of 32.9% during the same period [5].