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Apr 30, 2020
Nordson Q2 2020 Earnings Report
Nordson's sales decreased by 4% due to organic volume decline and unfavorable currency translation, but adjusted EPS increased slightly.
Key Takeaways
Nordson Corporation reported sales of $529 million, a 4% decrease compared to the prior year. GAAP diluted EPS was $1.58, while adjusted diluted EPS was $1.58 compared to $1.54 in the prior year. The company is withdrawing its fiscal year 2020 guidance due to COVID-19 uncertainties.
Sales decreased by 4% compared to the prior year's second quarter.
GAAP diluted EPS was $1.58.
Adjusted diluted EPS was $1.58 compared to $1.54 in the prior year’s second quarter.
Backlog increased by 6% compared to the same period a year ago.
Nordson
Nordson
Nordson Revenue by Segment
Nordson Revenue by Geographic Location
Revenue by Segment
Industrial Precision Revenue
CapyFin.comAdvanced Tech Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Due to the uncertainties of the duration and impact of the COVID-19 pandemic, the company is suspending its previously announced annual guidance for fiscal 2020.
Positive Outlook
- The company has a strong backlog heading into the second half of the year.
- The company has a solid foundation.
- The company is diversified.
- The company has a strong balance sheet.
- The company will stay focused on the health and safety of our employees and the success of our customers.
Challenges Ahead
- The company has seen a softening in order trends over the last six weeks.
- This is a dynamic environment, making it difficult to accurately forecast the impact this pandemic will have on our business for the remainder of the fiscal year.
- Uncertainties of the duration and impact of the COVID-19 pandemic.
- The company is suspending its previously announced annual guidance for fiscal 2020.
- The company has seen a softening in order trends.
Revenue & Expenses
Visualization of income flow from segment revenue to net income