Free Post Earnings Research Report: Nordson’s Quarterly Earnings Advanced 56.98%

Stock Monitor: Continental Materials Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 6, 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. On February 22, 2018, Nordson reported financial results for the first quarter of 2018 ending January 31, 2018. The Company reported record sales, operating profit, diluted earnings per share, and EBITDA in Q1 FY18. 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

Nordson’s total revenues reached $550.42 million for Q1 FY18, an increase of 35.08% from $407.47 million in Q1 FY17. Revenue growth was driven by organic volume growth of approximately 19%, growth related to the first-year effect of acquisitions of 12%, and an increase related to the favorable effects of currency translation of 5%. The reported revenue number exceeded analysts’ consensus estimates of $538.1 million.

Nordson’s cost of sales hiked 36.79% to $249.42 million, and selling and administrative expenses advanced 22.83% to $183.28 million in Q1 FY18. The Company reported an operating profit of $117.72 million in the quarter under review, 55.07% higher than $75.92 million in the year-ago comparable quarter. Nordson had earnings before interest, tax, depreciation, and amortization (EBITDA) of $140.83 million in Q1 FY18, an increase of 49.41% from $94.26 million in Q1 FY17.

For the quarter ending January 31, 2018, Nordson generated net income of $104.56 million, up 109.16% from $49.99 million for the same period in previous year. The Company’s diluted earnings per share (DEPS) also increased 106.98% to $1.78 in the reported quarter from $0.86 in the previous year’s same quarter. The reported earnings included short-term inventory purchase accounting adjustments, severance and restructuring costs, and benefits from US tax reform. Nordson’s adjusted DEPS, excluding these non-recurring items, was $1.35 in Q1 FY18, up 56.98% from $0.86 in Q1 FY17. This was in-line with analysts’ consensus estimates.

Nordson’s Segment Details

During Q1 FY18, the Adhesive dispensing systems segment’s net sales were $220.86 million, up 6.27% from $207.84 million in Q1 FY17. This included less than 0.6% organic growth and 5.7% related to favorable currency translation. This segment had an operating profit of $53.32 million in Q1 FY18 compared to $53.06 million in Q1 FY17, reflecting an increase of 0.49%.

The advanced technology systems segment reported revenues of $271.70 million in Q1 FY18, an increment of 86.92% from $145.36 million in Q1 FY17. This included 50% organic growth, 33% related to the first-year effect of acquisitions and 4% related to favorable currency translation. This segment reported an operating profit of $67.27 million in the quarter under review, up 155.16% from $26.36 million in the previous year’s corresponding quarter.

For Q1 FY18, the Industrial coating systems segment generated revenues of $57.86 million, 6.61% higher than $54.27 million in Q1 FY17. This included 3.2% organic growth and 3.4% related to favorable currency translation. This segment’s operating profit was $10.16 million for Q1 FY18 compared to $7.09 million in Q1 FY17, reflecting an increase of 43.40%.

Cash Matters

Nordson had cash and marketable securities of $132.84 million as on January 31, 2018, an increase of 46.98% from $90.38 million as on October 31, 2017. The Company had a long-term debt of $1.26 billion as on January 31, 2018, a slight increase of 0.19% from previous quarter.

Nordson’s cash from operating activities was $109.28 million in the reported quarter compared to $81.15 million in the previous year’s comparable quarter. The Company had an adjusted free cash flow (before dividends) of $93.46 million in Q1 FY18, 25.12% higher than the $74.69 million reported in Q1 FY17.

Outlook

For the second quarter of fiscal 2018, Nordson expects sales to increase 9% to 13% y-o-y. At the midpoint of this outlook, the Company expects operating margin to be 22%, or 23%, excluding $6 million of incremental intangible amortization expense over the prior year. Nordson expects GAAP diluted earnings per share to be in the range of $1.33 to $1.47, inclusive of $0.08 per diluted share of incremental intangible asset amortization expense over the prior year and an estimated effective tax rate of 25%. The Company expects an EBITDA of $149 million and EBITDA margin of 27% for Q2 FY18.

Stock Performance Snapshot

April 05, 2018 – At Thursday’s closing bell, Nordson’s stock was slightly up 0.55%, ending the trading session at $136.51.

Volume traded for the day: 189.11 thousand shares.

Stock performance in the previous six-month period – up 13.83%; and past twelve-month period – up 11.41%

After yesterday’s close, Nordson’s market cap was at $7.76 billion.

Price to Earnings (P/E) ratio was at 24.49.

The stock has a dividend yield of 0.88%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.2% at the end of the session.

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