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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 Geographic Location
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