Actions of Nordson (NASDAQ:NDSN) remained stable in aftermarket trading after the company released its first quarter results.
Earnings per share rose 48.31% year-on-year to $ 1.32, beating the estimate of $ 1.06.
Revenue of $ 526,566,000, up 6.40% from the same period last year, which exceeds the estimate of $ 509,880,000.
EPS for the next fiscal year is expected to be between $ 6.30 and $ 6.70.
Revenue for the coming year is expected to be between $ 2,206,000,000 and $ 2,248,000,000.
Recent stock market performance
52 week high: $ 216.87
Minimum of 52 weeks: $ 96.45
Price action in the last quarter: down 4.95%
Nordson is a manufacturer of equipment (including pumps, valves, dispensers, applicators, filters and granulators, among other equipment) used for the distribution of adhesives, coatings, sealants and other materials. . The company serves a wide range of end markets including packaging, medical, electronics and industry. Nordson’s business is organized into three segments: Adhesive Distribution, Advanced Technology and Industrial Coating. The company generated approximately $ 2.1 billion in revenue and $ 350 million in operating income in its fiscal 2020.
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