Nordson Q3 sales rise 2% to $662 million; EPS falls, revenue outlook raised
Nordson reported fiscal third-quarter 2024 sales of $662 million, up 2% from a year earlier, while diluted EPS fell to $2.04 from $2.22 and adjusted EPS fell 6% to $2.41. The company raised its full-year revenue guidance to $2,665 million to $2,705 million to include the Atrion acquisition, but kept its adjusted EPS midpoint unchanged, so shareholders get higher expected sales with profit expectations held steady.
- Q3 sales were $662 million, up 2%, including a 4% acquisition benefit and a 1% organic decline.
- Diluted EPS was $2.04 versus $2.22 a year earlier; adjusted diluted EPS was $2.41 versus $2.55.
- Full-year revenue guidance raised to $2,665 million to $2,705 million; adjusted EPS guidance narrowed to $9.45 to $9.65, midpoint unchanged.
- Management will provide further commentary in a webcast on August 22, 2024 at 8:30 a.m. Eastern.