NASDAQ$NDSN
Nordson Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Nordson achieved record quarterly sales, operating profit, and earnings per share, driven by strong demand across all end markets and the successful execution of the Ascend strategy.
Nordson Corporation reported record third-quarter results with sales of $647 million, a 20% increase year-over-year. Operating profit increased by 57% to $188 million, and earnings per share rose by 70% to $2.42. The company raised its full-year revenue and earnings guidance, expecting continued strength in order entry and backlog.
- Sales were $647 million, a 20% increase over the prior year.
- Operating profit was $188 million, a 57% increase over the prior year adjusted operating profit.
- Earnings were $2.42 per diluted share, a 70% increase over the prior year adjusted earnings per share.
- Increased prior fiscal 2021 full-year revenue guidance range to 11% to 12% growth over prior year, and earnings guidance range by approximately 7% to $7.75 to $7.95 per diluted share.
Headline financials
Revenue & EPS history
Nordson · Revenue · Quarterly
$647M
Revenue by segment
Nordson · $647M total across 2 segments · Q3 2021
- Industrial Precision Solutions$345M+19.5%53.4%
- Advanced Technology Solutions$301M+20.9%46.6%
Forward guidance
The Company expects full year sales growth in fiscal 2021 to be approximately 11% to 12% over fiscal year 2020. Additionally, the Company is now forecasting full year 2021 earnings per diluted share in the range of $7.75 to $7.95.
Tailwinds
- Full year sales growth in fiscal 2021 expected to be approximately 11% to 12% over fiscal year 2020.
- Forecasting full year 2021 earnings per diluted share in the range of $7.75 to $7.95.
- Increased guidance midpoint represents a strong second half of 2021 with year-over-year sales growth of 14% and earnings growth of 47%.
- Expecting to enter fiscal 2022 with a backlog approximately 70% greater than the prior year.
- Continued strength in order entry and backlog.
Headwinds
- 3% headwind from the second quarter 2021 divestiture of the screws and barrels product line.
- Customer order patterns have clearly changed in terms of both volume and extended shipment request dates during this dynamic environment.
- External supply chain headwinds.
- External labor headwinds.
- Possible effects of events beyond our control, such as political unrest, acts of terror, natural disasters and pandemics, including the current coronavirus (COVID-19) pandemic
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 Q3 2021
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro