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Apr 30, 2021
Nordson Q2 2021 Earnings Report
Reported record results driven by robust growth in electronics and consumer non-durable end markets, as well as strengthening medical and industrial end markets.
Key Takeaways
Nordson Corporation reported record second-quarter results with sales reaching $590 million, an 11% increase over the prior year. Operating profit increased by 33% to $166 million, and earnings per share rose by 34% to $2.12. The company raised its fiscal year 2021 earnings guidance range by approximately 13% to $7.20 to $7.50 per diluted share.
Quarterly sales, operating profit, and earnings per share were all company records.
Sales were $590 million, an 11% increase over the prior year.
Operating profit was $166 million, a 33% increase over the prior year.
Earnings were $2.12 per diluted share, a 34% increase over the prior year.
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
The company expects fiscal 2021 full year sales growth to be approximately 8% to 10% over fiscal year 2020, inclusive of a 3% headwind from the second quarter divestiture. Full year 2021 earnings per diluted share are forecasted to be in the range of $7.20 to $7.50, representing 31% to 37% growth over the prior year adjusted earnings.
Positive Outlook
- Order entry trends consistently improved throughout the second quarter of fiscal year 2021.
- Order entry trends remain strong entering the third quarter.
- Based on the current backlog, fiscal 2021 full year sales growth is expected to be approximately 8% to 10% over fiscal year 2020.
- Full year 2021 earnings per diluted share are forecasted in the range of $7.20 to $7.50.
- Forecasted earnings represent 31% to 37% growth over the prior year adjusted earnings.
Challenges Ahead
- Fiscal 2021 full year sales growth includes a 3% headwind from the second quarter divestiture of the screws and barrels product line.
- U.S. and international economic conditions may impact results.
- Financial and market conditions may impact results.
- Currency exchange rates and devaluations may impact results.
- Events beyond the company's control, such as political unrest, acts of terror, natural disasters and pandemics, including the current coronavirus (COVID-19) pandemic, may impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income