Nordson Q2 2024 Earnings Report
Key Takeaways
Nordson Corporation reported second quarter fiscal 2024 results with sales of $651 million, net income of $118 million, and adjusted earnings per diluted share of $2.34. The company is updating its full-year fiscal 2024 revenue guidance to the range of flat to 2% growth and adjusted earnings per diluted share to the range of $9.35 to $9.75 per share.
Sales were $651 million.
Net income was $118 million.
Earnings per diluted share were $2.05.
Adjusted earnings per diluted share were $2.34.
Nordson
Nordson
Nordson Revenue by Geographic Location
Forward Guidance
The Company is updating its full-year revenue guidance range to flat to 2% growth over record fiscal 2023 and adjusted earnings per diluted share to the range of $9.35 to $9.75 per diluted share. Third quarter fiscal 2024 sales are forecasted in the range of $645 to $670 million with adjusted earnings in the range of $2.25 to $2.40 per diluted share.
Challenges Ahead
- Positive indicators in the electronics end markets have not yet converted into orders needed to meet our previously issued guidance.
- Increased pressure from the agriculture cycle in Europe is causing OEMs to slow investments in spray implement purchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income