Company Reports

Nordson's fiscal third-quarter adjusted EPS of $3.25 beat the FactSet consensus estimate by $0.16, sending shares up by roughly 7%. Organic sales increased by 12% from the prior-year period, with broad-based growth across all segments.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson's second-quarter fiscal 2026 adjusted EPS of $2.86 came in a penny above the FactSet consensus estimate. Sales increased by 8% year over year to $741 million, roughly $8 million above consensus expectations.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson's fiscal first-quarter adjusted EPS of $2.37 came in line with the FactSet consensus estimate. Management raised its full-year adjusted EPS guidance range to $11.00-$11.60 from $10.80-$11.50.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson grew its fiscal fourth-quarter adjusted EPS by 9% year over year. Organic sales decreased by 1% from the prior-year period, as 7% growth in medical and fluid solutions was more than offset by a 4% decline in industrial precision solutions and a 5% decline in advanced technology solutions.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson's fiscal third-quarter adjusted EPS of $2.73 beat the FactSet consensus estimate by $0.09, sending shares up roughly 5% in intraday trading on Aug. 21.

Wide-moat Nordson’s fiscal second-quarter adjusted EPS of $2.42 beat the FactSet consensus estimate by $0.06, sending shares up roughly 6% in intraday trading on May 29. We’ve slightly increased our fair value estimate to $249 from $246, primarily due to the time value of money, and we continue to see the name as modestly undervalued.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Wide-moat-rated Nordson had a slow start to the year, as its fiscal first-quarter sales of $615 million came in at the bottom end of management’s guidance range. We’ve maintained our $246 fair value estimate, as our slightly more muted near-term revenue growth projections were offset by time value of money. We continue to see the stock as modestly undervalued, with shares currently trading in 4-star territory.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

Wide-moat-rated Nordson ended its fiscal 2024 with a solid fourth quarter, as its full-year adjusted EPS of $9.73 beat our estimate by $0.12 and the FactSet consensus estimate by $0.19. Despite the earnings beat, we've lowered our fair value estimate to $246 from $257 because Nordson's guidance for fiscal 2025 came in below our expectations. Management anticipates full-year sales growth of 2%-7% and adjusted EPS of $9.70-$10.50, compared with our prior estimate of $10.58.

Nordson’s investor day underscored the company’s improved and diversified product portfolio, which increasingly depends on single-use consumable components, helping increase the switching costs upon which Nordson’s wide moat largely relies.

After taking a fresh look at Nordson, we are upgrading our moat rating to wide from narrow, based on switching costs and intangible assets. The moat upgrade boosts our fair value estimate to $257 from $235.

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.

After reviewing narrow-moat-rated Nordson’s fiscal third-quarter results, we’ve raised our fair value estimate to $235 per share from $233, mostly due to time value of money. We see the name as fairly valued at current levels.