Nordson Earnings: Here’s Why the Stock is Falling Now

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Nordson Corporation (NASDAQ:NDSN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.75%.

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Nordson Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.62 in the quarter versus EPS of $0.62 in the year-earlier quarter.

Revenue: Rose 25.81% to $347.04 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nordson Corporation reported adjusted EPS income of $0.62 per share. By that measure, the company missed the mean analyst estimate of $0.68. It missed the average revenue estimate of $348.93 million.

Quoting Management: “Nordson’s global team delivered solid quarterly results, in line with our guidance and reflective of the normal seasonality of our business,” said Nordson President and Chief Executive Officer Michael F. Hilton. “Our continuing ability to provide precision technology solutions to customers in a diverse set of end markets generated strong organic volume growth, with additional growth coming from the first year effect of acquisitions. Operating margin in the quarter was 18 percent, a level within the range we expected and one that includes the dilutive impact of recent acquisitions along with planned investments in initiatives that will fuel future growth and performance. Net income grew to a first quarter record of $42 million, we continue to generate excellent levels of free cash flow, and our balance sheet remains strong. Overall, we are pleased with the start of our fiscal year and we see multiple opportunities for growth and improvement in the coming quarters.”

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