Nordson Corp ( NDSN ) reported financial results for the third quarter after the market close on Wednesday. Here’s a rundown of the report.
NDSN shares are advancing steadily. See the trading setup here.
Q3 Earnings: Nordson ( NDSN ) reported third-quarter revenue of $741.51 million, beating analyst estimates of $722.57 million, according to Benzinga Pro. The company reported third-quarter adjusted earnings of $2.73 per share, beating estimates of $2.63 per share.
Total revenue was up 12% year-over-year. Here’s a breakdown of revenue by segment.
Industrial Precision Solutions: $351 million, up 1%
Medical and Fluid Solutions: $219 million, up 32%
Advanced Technology Solutions: $171 million, up 17%
Nordson ( NDSN ) ended the period with approximately $147.79 million in cash and cash equivalents.
“Through our close-to-customer business model, diverse product portfolio and in-region, for-region manufacturing strategy, we have continuously demonstrated resilience and the ability to deliver solid growth and best-in-class profitability in varying market scenarios,” said Sundaram Nagarajan, president and CEO of Nordson ( NDSN ).
Outlook: Nordson ( NDSN ) said that full-year revenue is now tracking “slightly below” the midpoint of the company’s guidance, while earnings per share is tracking “slightly above” the midpoint.
Nordson ( NDSN ) executives will further discuss the quarter on an earnings call with investors and analysts at 8:30 a.m. ET Thursday morning.
NDSN Price Action: Nordson ( NDSN ) shares were up 5.23% in after-hours, trading at $224.68 at the time of publication on Wednesday, according to Benzinga Pro.
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