Nordson Q1 2021 Earnings Report
Key Takeaways
Nordson Corporation reported a 6% increase in sales to $527 million and a 48% increase in earnings per share to $1.32 for the fiscal first quarter ended January 31, 2021. The growth was driven by strength in consumer non-durable and industrial end markets. The company expects full year sales growth of 4% to 6% and diluted earnings per share in the range of $6.30 to $6.70.
Sales increased by 6% compared to the prior year, reaching $527 million.
Operating profit increased by 39% over the prior year, representing 21% of sales.
Earnings per diluted share increased by 48% over the prior year, reaching $1.32.
Backlog entering the second quarter of fiscal year 2021 was approximately $495 million, an increase of 7% compared to the same period a year ago.
Nordson
Nordson
Nordson Revenue by Geographic Location
Forward Guidance
The company expects fiscal 2021 full year sales growth of 4% to 6% and full year diluted earnings per share in the range of $6.30 to $6.70.
Revenue & Expenses
Visualization of income flow from segment revenue to net income