NASDAQ$NDSN

Nordson Corporation · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported sales growth comparable to a record fiscal first quarter 2022 despite unfavorable currency headwinds.

Nordson Corporation reported first quarter fiscal 2023 results with sales of $610 million, a 1% organic increase over the prior year. Adjusted earnings per share were $1.95 compared to $2.07 in the prior year. The company is updating its full-year fiscal 2023 revenue growth guidance to 0% to 3% and adjusted earnings guidance to $8.75 to $9.50 per share.

  • Sales were $610 million, a 1% organic increase over the prior year
  • Operating profit was $144 million
  • Adjusted operating profit was $155 million, 25% of sales
  • Earnings per share were $1.81

Headline financials

Total Revenue

$610M

Previous: $609M+0.2%
EPS (adj)

$1.95

Previous: $2.07-5.8%
EBITDA

$181M

Previous: $183M-1.1%
Gross Margin

53.9%

No prior period
Capital Expenditures

-$9.3M

Previous: -$12.5M+25.5%
Free Cash Flow

$95M

Previous: $108M-12.0%
Net Income

$104M

Previous: $120M-13.4%
Operating Income

$144M

Previous: $156M-7.5%
Gross Profit

$329M

Previous: $340M-3.3%
Cash & Equivalents

$122M

Previous: $171M-28.5%
Total Assets

$4.24B

Previous: $3.83B+10.5%
Stock-Based Comp

$6.24M

Previous: $8.39M-25.7%

Revenue & EPS history

Nordson · Revenue · Quarterly

$610M

Q1 2023+0.2%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Nordson · $610M total across 3 segments · Q1 2023

  • Industrial Precision Solutions
    $312M-3.8%
  • Medical and Fluid Solutions
    $154M
  • Advanced Technology Solutions
    $145M-49.3%

Forward guidance

The Company is updating its previously issued full-year revenue growth guidance to 0% to 3% over record fiscal 2022 and narrowing its adjusted earnings guidance to the range of $8.75 to $9.50.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.5%

Avg return

30 days after

54%

37 / 69 earnings

Positive

+15.8%

Q4 2017

Best reaction

-14.8%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.8%
Q1 2026-1.7%-1.5%-12.2%
Q4 2025-0.3%+0.0%+10.5%
Q3 2025+2.9%+6.0%+5.4%
Q2 2025+6.8%+8.5%+9.9%
Q1 2025+0.3%-1.3%-6.4%
Q4 2024-9.4%-11.4%-20.9%
Q3 2024+6.9%+7.4%+6.7%
Q2 2024-10.5%-12.4%-14.5%
Q1 2024+3.5%+2.6%+1.7%
Q4 2023+5.1%+7.1%+5.8%
Q3 2023+1.5%+2.7%-2.0%
Q2 2023+1.1%+1.7%+8.8%
Q1 2023-13.9%-10.5%-15.6%
Q4 2022+1.5%-2.1%+2.3%
Q3 2022-2.1%-4.7%-10.4%
Q2 2022+2.7%+7.1%-3.8%
Q1 2022-3.5%-0.9%-1.1%
Q4 2021-5.9%-7.2%-9.9%
Q3 2021+2.2%+3.4%+4.0%
Q2 2021+7.4%+9.8%+8.0%
Q1 2021-0.0%+2.4%+6.3%
Q4 2020-2.9%-0.5%+1.2%
Q3 2020-7.1%-8.5%-6.6%
Q2 2020+1.7%+1.0%+12.4%
Q1 2020-0.3%-4.6%-37.9%
Q4 2019-1.6%-0.5%-1.2%
Q3 2019-3.0%-4.6%+5.9%
Q2 2019-1.0%-5.4%-1.6%
Q1 2019-3.0%-0.5%-8.1%
Q4 2018+7.7%+3.7%+10.9%
Q3 2018-0.9%+0.7%+7.1%
Q2 2018-4.2%-5.5%-3.3%
Q1 2018-2.0%-1.3%-3.9%
Q4 2017+15.8%+14.5%+19.5%
Q3 2017-10.2%-12.3%-5.3%
Q2 2017-5.9%-7.6%-8.2%
Q1 2017+0.1%+0.5%+2.0%
Q4 2016+5.2%+7.2%+7.0%
Q3 2016+10.6%+8.0%+7.1%
Q2 2016+15.7%+16.8%+12.2%
Q1 2016+9.1%
Q4 2015-8.1%
Q3 2015-14.8%
Q2 2015-1.4%
Q1 2015+0.0%
Q4 2014+2.3%
Q3 2014+0.8%
Q2 2014+9.2%
Q1 2014+2.0%
Q4 2013-2.3%
Q3 2013+0.1%
Q2 2013-7.4%
Q1 2013-9.8%
Q4 2012-1.4%
Q3 2012+10.6%
Q2 2012+10.5%
Q1 2012+5.0%
Q4 2011-1.9%
Q3 2011-3.0%
Q2 2011-1.1%
Q1 2010+1.5%
Q1 2011+3.3%
Q2 2010+2.1%
Q4 2010+2.1%
Q4 2008+2.1%
Q4 2009+0.2%
Q3 2009+0.2%
Q3 2010+0.2%

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