Nordson Corporation is a global leader in precision dispensing, coating, and curing technologies, specializing in providing advanced solutions for various industries, including electronics, medical devices, packaging, and consumer products
The company designs and manufactures a wide range of equipment used for applying adhesives, coatings, sealants, and other materials, ensuring optimal performance and efficiency in manufacturing processes. With a strong focus on innovation and customer collaboration, Nordson enhances productivity and quality across its clients' operations by offering tailored solutions that meet specific application needs.
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Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 1.7% over the past six months. This drawdown was discouraging since the S&P 500 returned 5.3%.
Looking back on professional tools and equipment stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Nordson (NASDAQNDSN) and its peers.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Manufacturing company Nordson (NASDAQNDSN) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 2.8% year on year to $615.4 million. Next quarter’s revenue guidance of $670 million underwhelmed, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $2.06 per share was 0.9% below analysts’ consensus estimates.
Let's have a look at what is happening on the US markets before the opening bell on Wednesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Nordson (NASDAQNDSN) and its peers.
Over the past six months, Nordson’s shares (currently trading at $211.27) have posted a disappointing 7.2% loss, well below the S&P 500’s 8.8% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Shares of manufacturing company Nordson (NASDAQNDSN)
fell 8.2% in the morning session after the company reported weak third-quarter financial results. Its full-year revenue and earnings guidance fell short of Wall Street's estimates, sending shares lower. On the other hand, Nordson exceeded analysts' revenue, EBITDA, and EPS expectations this quarter. Overall, this quarter could have been better.
Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025.
Manufacturing company Nordson (NASDAQNDSN) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 3.5% year on year to $744.5 million. On the other hand, next quarter’s revenue guidance of $635 million was less impressive, coming in 6.9% below analysts’ estimates. Its non-GAAP profit of $2.78 per share was 7.3% above analysts’ consensus estimates.
Nordson recorded a net income of $122 million for the fourth quarter of the current fiscal, which was less than the net income of $128 million in the same quarter of the previous fiscal year.
