On August 19, Nordson rose 8.09% in after-hours trading, trading at $329.419/share, with turnover of $3.39 million. The surge followed the company's latest quarterly earnings release after the close.
Heading into the report, market consensus estimated quarterly revenue of approximately $780 million, representing 7.89% year-over-year growth; adjusted earnings per share of approximately $3.10, up 17.69% year-over-year; and EBIT of approximately $218 million, up 11.71% year-over-year. The sharp post-earnings jump strongly suggests actual results exceeded these estimates. In the prior quarter, Nordson reported revenue of $741 million (up 8.48% YoY), gross margin of 54.54%, net income of $117 million, and adjusted EPS of $2.86 (up 18.18% YoY).
Nordson engineers, manufactures, and markets precision dispensing, coating, and inspection systems serving packaging, electronics, medical, and energy end markets, operating through Industrial Precision Solutions, Medical and Fluid Solutions, and Advanced Technology Solutions segments.
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