Nordson shares jump 5% on Q3 earnings beat, raised guidance

Nordson Corporation (NDSN) delivered strong earnings for the third quarter, surpassing market expectations and raising its full-year guidance. The precision technology company reported adjusted earnings per share of $3.25, exceeding analyst consensus by $0.16. Revenue for the quarter hit a record $817.66 million, a 10% increase from the previous year's $742 million.

Organic sales growth was approximately 12%, driven by success across all segments. Nordson raised its full-year revenue guidance to $3.035 billion to $3.075 billion, surpassing the analyst consensus of $2.983 billion. Adjusted earnings per share guidance was increased to $11.80 to $12.00, outpacing the consensus estimate of $11.59.

CEO Sundaram Nagarajan attributed the company's success to the strong execution of the Ascend Strategy, its diversified portfolio, differentiated precision technology, and operational excellence. The company's backlog grew by 35% compared to the prior year, indicating sustained demand. Third quarter EBITDA reached a record $262 million, representing 32% of sales and a 10% increase from the previous year.