Nordson Q4 2020 Earnings Report
Key Takeaways
Nordson Corporation reported a 5% year-over-year decrease in sales to $559 million for the fourth quarter of fiscal year 2020. Earnings per share (EPS) were $0.31, while adjusted EPS was $1.59, an 11% decrease from the prior year. The company's performance was affected by weakness in industrial and automotive end markets, offset by strength in test and inspection product lines.
Sales decreased by 5% year-over-year to $559 million.
Operating profit was $37 million, or 7% of sales.
Adjusted earnings per share were $1.59, an 11% decrease from the prior year.
The company announced the divestiture of its screws and barrels product line.
Nordson
Nordson
Nordson Revenue by Geographic Location
Forward Guidance
The company expects fiscal 2021 first quarter sales growth of 2 to 3% over the prior year first quarter, with adjusted earnings growth in the range of 15 to 20%.
Positive Outlook
- Expected fiscal 2021 first quarter sales growth of 2 to 3% over the prior year first quarter.
- Anticipated adjusted earnings growth in the range of 15 to 20% for the first quarter of fiscal 2021.
- Strong backlog entering the fiscal first quarter.
- Trailing twelve-week order entry is 5% above prior year levels.
- The company continues to make progress by deploying the NBS Next growth framework.
Challenges Ahead
- No specific negatives were mentioned in the provided context.
Revenue & Expenses
Visualization of income flow from segment revenue to net income