Nordson Q1 Profit Tops Estimate; Sales Fall Short

(RTTNews) - Nordson Corp. (NDSN) reported net income for the first quarter of $43 million or $0.69 per share, compared to $35 million or $0.54 per share for the year-ago quarter.

Excluding items, adjusted earnings for the first quarter were $0.69 per share, compared to $0.56 per share in the prior year quarter.

Net sales for the first quarter rose 5% to $379.01 million from $359.42 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.67 per share on revenue of $386.14 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts sales to be down 5% to 1% year-over-year and earnings to be $0.80 to $0.90 per share. Analysts currently expect the company to earn $1.03 per share on revenue of $438.48 million for the second quarter.