- Nordson’s 3Q sales were $661.6 million, a 2% increase year-over-year, meeting the estimates of $656.3 million.
- Industrial precision solutions sales totaled $370.6 million, up by 9.6% year-over-year, exceeding the estimate of $367.4 million.
- Advanced technology solutions sales were $124.3 million, down 11% year-over-year, but higher than the estimate of $115.6 million.
- Total operating profit was $167.1 million, a decrease of 2.3% year-over-year.
- Industrial precision solutions operating profit reached $118.1 million, a 2.4% increase year-over-year, marginally above the estimate of $117.9 million.
- Advanced technology solutions operating profit stood at $22.9 million, down 15% year-over-year, but better than the estimated $19.4 million.
- Adjusted EBITDA was $208.1 million, virtually flat with a 0.1% increase year-over-year, surpassing the estimate of $203 million.
- Cash and cash equivalents were $165.3 million, reflecting a 15% increase year-over-year, ahead of the estimate of $146 million.
- Company has increased its full-year revenue guidance range to $2,665 million – $2,705 million, including revenue from the Atrion acquisition in the fiscal fourth quarter.
- The full fiscal year 2024 adjusted earnings per diluted share guidance is maintained, accounting for the slightly dilutive impact of the Atrion acquisition.
- Nordson’s President and CEO, Sundaram Nagarajan, stated that 3Q revenue met expectations due to robust organic growth in industrial product lines.
- Sundaram Nagarajan highlighted that Nordson remains dedicated to delivering high-quality operating performance in a dynamic environment throughout 2024.
- Analyst ratings: 3 buys, 6 holds, and 1 sell.
“`
A look at Nordson Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In assessing Nordson Corp‘s long-term outlook, the Smartkarma Smart Scores provide a mixed picture. While the company scores well in terms of Growth with a score of 4, indicating strong potential for expansion and development, its Value and Dividend scores are both at a moderate level of 2. This suggests that Nordson Corp may not be perceived as undervalued or a high dividend-yielding stock.
Furthermore, Nordson Corp receives a Resilience score of 3 and a Momentum score of 3, indicating a moderate level of stability and traction in the market. Overall, Nordson Corp‘s outlook seems to be somewhat positive in terms of growth potential, but investors may want to consider the company’s valuation and dividend yield in their investment decisions.
### Summary ###
Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations. The Company’s products include customized electronic controls for the precise application and curing of materials to meet customers’ requirements. Nordson operates around the world.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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