Nordson Q1 2024 Earnings Report
Key Takeaways
Nordson Corporation reported a 4% increase in sales, reaching $633 million, and a net income of $110 million. The adjusted earnings per diluted share increased by 3% to $2.21. The company is narrowing its full-year revenue growth to 4% to 7%.
Sales increased by 4% to $633 million compared to the prior year.
Net income reached $110 million, with earnings per diluted share at $1.90.
Adjusted earnings per diluted share rose by 3% to $2.21.
EBITDA increased by 9% to $197 million, representing 31% of sales.
Nordson
Nordson
Nordson Revenue by Geographic Location
Forward Guidance
The Company is narrowing its previously issued full-year revenue growth to 4% to 7% over record fiscal 2023 and adjusted earnings per diluted share to the range of $10.00 to $10.50 per diluted share. Second quarter fiscal 2024 sales are forecasted in the range of $645 to $670 million with adjusted earnings in the range of $2.20 to $2.35 per diluted share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income