Aug 21 (Reuters) - Dispensing equipment maker Nordson
Corp ( NDSN ) beat Wall Street estimates for third-quarter
profit on Wednesday, on strong sales in its industrial business.
Nordson ( NDSN ) benefited from increased sales of the company's
tools used for dispensing adhesives, coatings and sealants used
in construction and food packaging.
The company reported quarterly adjusted profit of $2.41 per
share, above analysts' expectation of $2.33 per share, according
to LSEG data.
Nordson's ( NDSN ) largest segment, industrial precision solutions,
posted a 10% yearly increase in quarterly sales offsetting the
decrease in sales in its medical and advanced technology segment
by 2% and 11%, respectively, during the quarter.
Total sales for the quarter, ended July 31, were $661.6
million, beating LSEG estimate of $656.2 million.
The Ohio-based company now expects its full year adjusted
earnings to range between $9.45 and $9.65 per share, compared
with the prior range of $9.35 to $9.75 per share.