Free Post Earnings Research Report: Nordson’s Revenue Grew 12.7%; EPS Surged 4.6%

LONDON, UK / ACCESSWIRE / January 10, 2018 / Active-Investors.com has just released a free earnings report on Nordson Corp. (NASDAQ: NDSN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NDSN. The Company posted its financial results on December 13, 2017, for the fourth quarter fiscal 2017. The Company’s revenue and adjusted EPS surpassed analysts’ expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Nordson most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For three months ended October 31, 2017, Nordson’s revenues increased 12.7%, or 1.1% on a constant currency basis, to $573.94 million from $509.28 million in Q4 FY16. The Company’s revenues surpassed analysts’ expectations of $543 million.

As on October 31, 2017, the Company’s backlog increased 45% to $402 million on a y-o-y basis.

For the reported quarter, the Company’s gross profit increased 13.5% to $312.09 million from $274.97 million in Q4 FY16. During Q4 FY16, Nordson’s gross margin increased 40 basis points to 54.4% of revenue from 54% of revenue in Q4 FY16.

For the reported quarter, the Company’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased 16.6% to $149.79 million from $128.45 million in Q4 FY16. During Q4 FY17, Nordson’s EBITDA margin increased 90 basis points to 26.1% of revenue from 25.2% of revenue in Q4 FY16. For the reported quarter, the Company’s adjusted EBITDA increased 16.4% to $149.79 million from $128.66 million in Q4 FY16. During Q4 FY17, Nordson’s adjusted EBITDA margin increased 80 basis points to 26.1% of revenue from 25.3% of revenue in Q4 FY16.

For the reported quarter, the Company’s operating income increased 12.6% to $124.79 million from $110.86 million in Q4 FY16. For the reported quarter, the Company’s operating margin decreased 10 basis points to 21.7% of revenue from 21.8% of revenue in Q4 FY16.

During Q4 FY17, Nordson’s earnings before tax (EBT) increased 7.1% to $112.87 million from $105.36 million in the same period last year.

For the reported quarter, Nordson’s net income increased 5.2% to $79.84 million on a y-o-y basis from $75.87 million in Q4 FY16. During Q4 FY16, the Company’s diluted earnings per share (EPS) increased 4.6% to $1.37 on a y-o-y basis from $1.31 in the same period last year. During Q4 FY16, the Company’s adjusted diluted EPS decreased 0.7% to $1.38 from $1.39 in the same period last year. Adjusted diluted EPS surpassed analysts’ expectations of $1.32.

Nordson’s Segment Details

Adhesive dispensing systems – During Q4 FY17, the adhesive dispensing systems segment’s revenue increased 5.8%, or 2% on a constant currency basis, to $247.87 million from $234.31 million in the same period last year. For the reported quarter, the segment’s operating income increased 23.4% to $68.35 million from $55.38 million in Q4 FY16.

Advanced technology systems – During Q4 FY17, the advanced technology systems segment’s revenue increased 29.4%, or 0.2% on a constant currency basis, to $251.72 million from $194.54 million in the same period last year. For the reported quarter, the segment’s operating income increased 20.7% to $60.01 million from $49.71 million in Q4 FY16.

Industrial coating systems – During Q4 FY17, the industrial coating systems segment’s revenue decreased 7.6% to $74.35 million from $80.44 million in the same period last year. For the reported quarter, the segment’s operating income decreased 27% to $13.46 million from $18.43 million in Q4 FY16.

Balance Sheet

As on October 31, 2017, Nordson’s cash and marketable securities increased 34.4% to $90.38 million from $67.24 million on October 31, 2016. For the reported quarter, the Company’s long-term debt increased 33.3% to $1.26 billion from $942.77 million in Q4 FY16.

For the reported quarter, the Company’s receivables increased 17.9% to $505.09 million from $428.56 million in Q4 FY16. For the reported quarter, the Company’s notes payable and debt due within one year increased 711.8% to $326.59 million from $40.23 million in Q4 FY16.

During Q4 FY17, the Company’s net cash provided by operating activities decreased 2.2% to $133.48 million from $136.42 million in the same period last year. During Q4 FY17, the Company’s free cash flow decreased 8.2% to $111.35 million from $121.28 million in the same period last year.

Stock Performance Snapshot

January 09, 2018 – At Tuesday’s closing bell, Nordson’s stock dropped 1.02%, ending the trading session at $146.89.

Volume traded for the day: 242.86 thousand shares, which was above the 3-month average volume of 241.62 thousand shares.

Stock performance in the last month – up 15.46%; previous three-month period – up 20.33%; past twelve-month period – up 33.25%; and year-to-date – up 0.33%

After yesterday’s close, Nordson’s market cap was at $8.53 billion.

Price to Earnings (P/E) ratio was at 29.18.

The stock has a dividend yield of 0.82%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 0.6% at the end of the session.

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