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Oct 31, 2022
Nordson Q4 2022 Earnings Report
Reported strong sales and operating performance driven by broad-based customer demand.
Key Takeaways
Nordson Corporation reported a strong fourth quarter with sales of $684 million, a 14% year-over-year increase, and earnings of $2.44 per diluted share, a 30% increase from the prior year. The company's full-year sales, operating profit, and earnings per share were all company records.
Sales were $684 million, a 14% year-over-year increase, 18% organic
Operating profit was $178 million, a 17% increase over prior year
Earnings were $2.44 per diluted share, a 30% increase from prior year earnings per share
Organic sales growth was strong in virtually all end markets, and particularly robust for electronics and medical
Nordson
Nordson
Nordson Revenue by Segment
Nordson Revenue by Geographic Location
Revenue by Segment
Industrial Precision Revenue
CapyFin.comMedical & Fluid Revenue
CapyFin.comAdvanced Tech Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Nordson anticipates delivering sales growth in the range of 1% to 7% in fiscal 2023 when compared to fiscal 2022. Full year fiscal 2023 earnings are forecasted to be in the range of $8.75 to $10.10 per share.
Challenges Ahead
- The book-to-bill in the fourth quarter of 2022 was slightly unfavorable
- Year-over-year currency headwinds are significant as evidenced in our fiscal fourth quarter results
- Full year guidance assumes an unfavorable currency impact of approximately 2% on sales
- Full year guidance assumes an unfavorable currency impact of approximately 3% on earnings
- First quarter 2023 sales are forecasted in the range of $605 to $630 million with adjusted earnings in the range of $1.85 to $2.00 per diluted share
Revenue & Expenses
Visualization of income flow from segment revenue to net income