Nordson Q3 2022 Earnings Report
Key Takeaways
Nordson Corporation reported record third-quarter results with sales of $662 million, a 2% increase over the prior year. Earnings per share were $2.45, and adjusted earnings per share were $2.49, a 3% increase year-over-year. The company is confirming its full-year fiscal 2022 guidance with revenue growth of 8% to 9% and adjusted earnings per diluted share growth of 18% to 21%.
Sales were $662 million, a 2% increase over prior year’s record sales.
Constant currency sales increased 7% over prior year’s record sales.
Earnings per share were $2.45 compared to $2.42 in the prior year.
Adjusted earnings were $2.49 per share, a 3% increase over the prior year.
Nordson
Nordson
Nordson Revenue by Geographic Location
Forward Guidance
The Company continues to be encouraged as order entry remained strong throughout the third quarter with a favorable book-to-bill ratio. For the full year, despite significant currency headwinds, the Company is confirming its previously issued revenue growth guidance of 8% to 9% over fiscal 2021 and adjusted earnings guidance growth in the range of 18% to 21%.
Positive Outlook
- Order entry remained strong throughout the third quarter.
- Favorable book-to-bill ratio.
- Backlog entering the fourth quarter of fiscal 2022 exceeds $1 billion.
- Revenue growth guidance of 8% to 9% over fiscal 2021 is confirmed.
- Adjusted earnings guidance growth in the range of 18% to 21% is confirmed.
Challenges Ahead
- Significant currency headwinds.
- Extended shipment request dates in conjunction with large orders from its customers in electronics, industrial and medical end markets.
- Inflation
- Labor shortages
- Increasing currency pressures
Revenue & Expenses
Visualization of income flow from segment revenue to net income