NASDAQ$NDSN

Nordson Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Nordson's Q4 2020 results reflected a decrease in sales and earnings compared to the prior year, impacted by weakness in industrial and automotive end markets, but showed continued strength in test and inspection product lines.

Nordson Corporation reported a 5% year-over-year decrease in sales to $559 million for the fourth quarter of fiscal year 2020. Earnings per share (EPS) were $0.31, while adjusted EPS was $1.59, an 11% decrease from the prior year. The company's performance was affected by weakness in industrial and automotive end markets, offset by strength in test and inspection product lines.

  • Sales decreased by 5% year-over-year to $559 million.
  • Operating profit was $37 million, or 7% of sales.
  • Adjusted earnings per share were $1.59, an 11% decrease from the prior year.
  • The company announced the divestiture of its screws and barrels product line.

Headline financials

Total Revenue

$559M

Previous: $585M-4.6%
EPS (adj)

$1.59

Previous: $1.79-11.2%
EBITDA

$159M

Previous: $168M-5.4%
Capital Expenditures

$14.4M

Previous: $18.2M-20.8%
Free Cash Flow

$178M

Previous: $128M+38.8%
Net Income

$18.5M

Previous: $103M-82.0%
Operating Income

$37M

Previous: $140M-73.5%
Gross Profit

$297M

Previous: $319M-6.9%
Cash & Equivalents

$208M

Previous: $151M+37.8%
Total Assets

$3.67B

Previous: $3.52B+4.5%
Stock-Based Comp

$3.85M

Previous: $5.07M-24.0%

Revenue & EPS history

Nordson · Revenue · Quarterly

$559M

Q4 2020-4.6%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Nordson · $559M total across 2 segments · Q4 2020

  • Industrial Precision Solutions
    $308M-8.3%
  • Advanced Technology Solutions
    $250M+0.5%

Forward guidance

The company expects fiscal 2021 first quarter sales growth of 2 to 3% over the prior year first quarter, with adjusted earnings growth in the range of 15 to 20%.

Tailwinds

  • Expected fiscal 2021 first quarter sales growth of 2 to 3% over the prior year first quarter.
  • Anticipated adjusted earnings growth in the range of 15 to 20% for the first quarter of fiscal 2021.
  • Strong backlog entering the fiscal first quarter.
  • Trailing twelve-week order entry is 5% above prior year levels.
  • The company continues to make progress by deploying the NBS Next growth framework.

Headwinds

  • No specific negatives were mentioned in the provided context.

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 Q4 2020

Historical avgQ4 2020

+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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