Nordson 1Q Sales, Profit Fall After Weak Close to 2024

Dow Jones

Feb 20, 2025

By Paul Ziobro

Nordson reported a drop in first-quarter revenue and profit, citing weakness across multiple end markets at the end of the 2024.

The Westlake, Ohio, manufacturing company on Wednesday reported a profit of $94.7 million, or $1.65 a share, compared with a profit of $109.6 million, or $1.90 a share, in the year-ago quarter.

Adjusted earnings were $2.06 a share. Analysts polled by FactSet expected adjusted earnings of $2.09.

Revenue fell 2.8%, to $615.4 million, at the low-end of its forecast for the quarter and short of analyst estimates of $640 million.

Sales fell 11% in both its industrial precision solutions and advanced technology solutions segments, and rose 21% in its medical and fluid solutions unit.

Chief Executive Sundaram Nagarajan said that while sales to end-markets was weak at the end of 2024, the company is encouraged by broad order entry acceleration during the quarter and noted that backlog rose by about $85 million.

For the current quarter, Nordson expects adjusted per-share earnings between $2.30 and $2.50 and revenue between $650 million and $690 million. Analysts expected adjusted earnings of $2.42 a share and revenue of $687 million.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

February 19, 2025 16:55 ET (21:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet expected adjusted earnings of $2.09. \n</p>\n<p>\n  Revenue fell 2.8%, to $615.4 million, at the low-end of its forecast for the quarter and short of analyst estimates of $640 million. \n</p>\n<p>\n  Sales fell 11% in both its industrial precision solutions and advanced technology solutions segments, and rose 21% in its medical and fluid solutions unit. \n</p>\n<p>\n  Chief Executive Sundaram Nagarajan said that while sales to end-markets was weak at the end of 2024, the company is encouraged by broad order entry acceleration during the quarter and noted that backlog rose by about $85 million. \n</p>\n<p>\n  For the current quarter, Nordson expects adjusted per-share earnings between $2.30 and $2.50 and revenue between $650 million and $690 million. Analysts expected adjusted earnings of $2.42 a share and revenue of $687 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 16:55 ET (21:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDSN","symbol_name":"Nordson Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512308094","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512308094","pubTimestamp":1740002100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nordson reported a drop in first-quarter revenue and profit, citing weakness across multiple end markets at the end of the 2024.The Westlake, Ohio, manufacturing company on Wednesday reported a profit of $94.7 million, or $1.65 a share, compared with a profit of $109.6 million, or $1.90 a share, in the year-ago quarter.Adjusted earnings were $2.06 a share. 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Analysts polled by FactSet expected adjusted earnings of $2.09. \n\n\n  Revenue fell 2.8%, to $615.4 million, at the low-end of its forecast for the quarter and short of analyst estimates of $640 million. \n\n\n  Sales fell 11% in both its industrial precision solutions and advanced technology solutions segments, and rose 21% in its medical and fluid solutions unit. \n\n\n  Chief Executive Sundaram Nagarajan said that while sales to end-markets was weak at the end of 2024, the company is encouraged by broad order entry acceleration during the quarter and noted that backlog rose by about $85 million. \n\n\n  For the current quarter, Nordson expects adjusted per-share earnings between $2.30 and $2.50 and revenue between $650 million and $690 million. Analysts expected adjusted earnings of $2.42 a share and revenue of $687 million. \n\n\n \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 16:55 ET (21:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}