Shares of Nordson (NASDAQ:NDSN) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 34.18% year over year to $2.12, which beat the estimate of $1.64.
Revenue of $589,538,000 up by 11.34% from the same period last year, which beat the estimate of $547,980,000.
Looking Ahead
Nordson Sees FY21 EPS $7.20-$7.50
Recent Stock Performance
52-week high: $223.37
52-week low: $172.22
Price action over last quarter: Up 8.02%
Company Overview
Nordson is a manufacturer of equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers, among other equipment) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson’s business is organized into two segments: industrial precision solutions (54% of sales in fiscal 2020) and advanced technology solutions (46% of sales in fiscal 2020). The company generated approximately $2.1 billion in revenue and $350 million in operating income in its fiscal 2020.
