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Jul 31, 2024
Nordson Q3 2024 Earnings Report
Nordson's Q3 2024 sales met expectations, driven by industrial product lines, with strong gross margins and a 31% EBITDA margin.
Key Takeaways
Nordson Corporation reported a 2% increase in sales to $662 million for the third quarter of fiscal year 2024. Earnings per diluted share were $2.04, and adjusted earnings per diluted share were $2.41. The company is increasing its full-year revenue guidance and tightening its adjusted earnings per diluted share guidance.
Sales increased by 2% year-over-year, aligning with guidance midpoint.
Earnings per diluted share reached $2.04.
Adjusted earnings per diluted share were $2.41, exceeding guidance midpoint by $0.08.
Full-year revenue guidance increased to reflect the Atrion acquisition.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is increasing its full-year revenue guidance range to $2,665 million - $2,705 million, inclusive of revenue from the Atrion acquisition in the fiscal fourth quarter. The Company is tightening full-year adjusted earnings per diluted share to the range of $9.45 - $9.65, unchanged at the midpoint, though now inclusive of the slightly dilutive Atrion impact in the fiscal fourth quarter.
Positive Outlook
- Diversification of product portfolio.
- Geographic exposure.
- Mix of recurring revenue.
- NBS Next growth framework.
- Contributions of recent acquisitions.
Challenges Ahead
- Dynamic environment.
- Slightly dilutive Atrion impact in the fiscal fourth quarter.
- Increased interest expense from prior year acquisitions
- Slightly lower overall operating margins.
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
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