NASDAQ$NDSN

Nordson Corporation · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Nordson's Q2 2023 performance reflected a sales increase of 2% and EPS of $2.21.

Nordson Corporation reported a 2% increase in sales, reaching $650 million. The company's EPS was $2.21, with an adjusted EPS of $2.26. The organic sales increase was driven by strong 7% growth in Asia Pacific. Diversification of business helped offset sales decreases in semiconductor and biopharmaceutical end markets, with a strong EBITDA of 31%.

  • Sales increased by 2% to $650 million compared to the prior year.
  • Earnings per share (EPS) reached $2.21.
  • Adjusted earnings per share were $2.26, a decrease from $2.43 in the prior year.
  • EBITDA totaled $203 million, representing 31% of sales.

Headline financials

Total Revenue

$650M

Previous: $635M+2.3%
EPS (adj)

$2.26

Previous: $2.43-7.0%
EBITDA

$203M

Previous: $209M-2.9%
Capital Expenditures

-$15.3M

Previous: -$24.8M+38.0%
Free Cash Flow

$112M

Previous: $84.9M+32.2%
Net Income

$128M

Previous: $110M+16.4%
Operating Income

$173M

Previous: $184M-6.2%
Gross Profit

$352M

Previous: $358M-1.5%
Cash & Equivalents

$129M

Previous: $121M+6.8%
Total Assets

$4.19B

Previous: $3.8B+10.5%
Stock-Based Comp

$4.97M

Previous: $7.39M-32.8%

Revenue & EPS history

Nordson · Revenue · Quarterly

$650M

Q2 2023+2.3%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Nordson · $650M total across 3 segments · Q2 2023

  • Industrial Precision Solutions
    $336M+6.1%
  • Medical and Fluid Solutions
    $167M
  • Advanced Technology Solutions
    $148M-53.7%

Forward guidance

The Company is maintaining its previously issued full-year revenue growth guidance of 0% to 3% over record fiscal 2022 and narrowing adjusted earnings guidance to the range of $8.90 to $9.30.

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 Q2 2023

Historical avgQ2 2023

+0.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.3%

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%+8.9%+6.4%
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%
Q4 2008+2.1%
Q2 2010+2.1%
Q4 2010+2.1%
Q3 2009+0.2%
Q3 2010+0.2%
Q4 2009+0.2%

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