Loading...
•
Jul 31, 2020
Nordson Q3 2020 Earnings Report
Nordson's Q3 2020 performance was impacted by organic sales decrease offset by Fluortek acquisition and unfavorable currency impacts.
Key Takeaways
Nordson Corporation reported a 4% year-over-year decrease in sales, totaling $538 million for the third quarter of fiscal year 2020. Earnings per diluted share were $1.49, while adjusted earnings per diluted share were $1.42, a 12% decrease from the prior year. The sales decrease was primarily organic, with the acquisition of Fluortek being offset by unfavorable currency impacts.
Sales were $538 million, a 4% year-over-year decrease.
Operating profit was $112 million, or 21% of sales.
EBITDA was $148 million, or 28% of sales.
Earnings were $1.49 per diluted share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects fiscal fourth quarter revenue to be commensurate with to slightly better than fiscal third quarter revenue based on the current order entry trends and order backlog. Operating profit is forecasted to improve modestly in the fiscal fourth quarter compared to the third quarter, as cost reduction initiatives begin to deliver benefits.
Positive Outlook
- Revenue expected to be commensurate with or slightly better than Q3
- Order entry trends are stable
- Order backlog is $423 million
- Operating profit forecasted to improve modestly
- Cost reduction initiatives expected to deliver benefits
Challenges Ahead
- Short-term environment remains difficult to predict
- Macro-economic environment is challenging
- Sales decreased 4% year-over-year
- Adjusted earnings per diluted share decreased 12% from prior year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...