California Public Employees Retirement System increased its stake in Nordson Corporation (NASDAQ:NDSN – Free Report) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,263 shares of the industrial products company’s stock after acquiring an additional 12,336 shares during the period. California Public Employees Retirement System owned about 0.20% of Nordson worth $29,071,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Nordson by 70.8% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson in the 2nd quarter worth about $31,000. MUFG Securities EMEA plc bought a new position in shares of Nordson during the 2nd quarter valued at about $34,000. Hantz Financial Services Inc. raised its holdings in shares of Nordson by 43.4% during the 4th quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after buying an additional 46 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Nordson during the 4th quarter valued at about $40,000. Institutional investors own 72.11% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have issued reports on NDSN shares. Oppenheimer upped their target price on Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. BNP Paribas Exane lifted their price target on shares of Nordson from $285.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. DA Davidson boosted their price objective on shares of Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen cut shares of Nordson from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings raised shares of Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $311.29.
View Our Latest Research Report on NDSN
Nordson Trading Up 1.7% NASDAQ NDSN opened at $290.07 on Wednesday. Nordson Corporation has a 1-year low of $207.08 and a 1-year high of $307.74. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $288.42 and a 200-day moving average of $280.35. The firm has a market cap of $16.16 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.
Nordson (NASDAQ:NDSN – Get Free Report) last issued its earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.04. The company had revenue of $740.85 million during the quarter, compared to analysts’ expectations of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.Nordson’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 EPS. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. As a group, sell-side analysts forecast that Nordson Corporation will post 11.59 EPS for the current year.
Nordson Announces Dividend The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 18th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 18th. Nordson’s payout ratio is presently 34.97%.
Nordson Company Profile (Free Report)
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
Further Reading Five stocks we like better than Nordson Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding NDSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nordson Corporation (NASDAQ:NDSN – Free Report).
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Nordson (NDSN - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Nordson is a member of our Industrial Products group, which includes 187 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nordson is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NDSN's full-year earnings has moved 1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, NDSN has returned 18.6% so far this year. At the same time, Industrial Products stocks have gained an average of 14.8%. As we can see, Nordson is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Tennant (TNC - Free Report) . The stock is up 16.4% year-to-date.
In Tennant's case, the consensus EPS estimate for the current year increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Nordson is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 4.6% so far this year, so NDSN is performing better in this area. Tennant is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Nordson and Tennant. These stocks will be looking to continue their solid performance.
Chicago Partners Investment Group LLC acquired a new position in shares of Nordson Corporation (NASDAQ:NDSN – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,086 shares of the industrial products company’s stock, valued at approximately $583,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA increased its holdings in Nordson by 70.8% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 51 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Nordson in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Nordson during the second quarter worth approximately $34,000. Hantz Financial Services Inc. raised its holdings in Nordson by 43.4% in the fourth quarter. Hantz Financial Services Inc. now owns 152 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 46 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Nordson during the 4th quarter worth approximately $40,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
Nordson Trading Down 1.5% Shares of Nordson stock opened at $288.98 on Friday. The company has a 50-day moving average of $288.17 and a two-hundred day moving average of $279.45. The stock has a market cap of $16.10 billion, a PE ratio of 30.81, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a current ratio of 2.60, a quick ratio of 1.65 and a debt-to-equity ratio of 0.58. Nordson Corporation has a 12-month low of $207.08 and a 12-month high of $307.74.
Nordson (NASDAQ:NDSN – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The industrial products company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.04. The business had revenue of $740.85 million for the quarter, compared to analysts’ expectations of $728.78 million. Nordson had a return on equity of 20.08% and a net margin of 18.19%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.42 EPS. Nordson has set its Q3 2026 guidance at 2.950-3.150 EPS and its FY 2026 guidance at 11.300-11.800 EPS. On average, research analysts anticipate that Nordson Corporation will post 11.59 EPS for the current fiscal year.
Nordson Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 18th. Nordson’s dividend payout ratio (DPR) is 34.97%.
Wall Street Analysts Forecast Growth NDSN has been the subject of several recent analyst reports. Oppenheimer lifted their price objective on shares of Nordson from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Wall Street Zen downgraded shares of Nordson from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. BNP Paribas Exane boosted their price target on shares of Nordson from $285.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Weiss Ratings raised Nordson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 29th. Finally, DA Davidson lifted their price target on Nordson from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $311.29.
Get Our Latest Stock Analysis on Nordson
Nordson Profile (Free Report)
Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
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Nordson Corporation reported solid Q2 results, with non-GAAP EPS of $2.87 and revenue of $741M, both exceeding consensus estimates. NDSN achieved approximately 8.5% year-over-year revenue growth in Q2, driven by continued strength in Advanced Technology Solutions. I previously rated NDSN a Hold due to a slight overvaluation; however, I am upgrading NDSN to a Buy based on AI-related tailwinds and a favorable valuation.
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Nordson (NDSN - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this maker of adhesives and industrial coatings a great growth pick right now.
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Nordson is 6.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 11.5% this year, crushing the industry average, which calls for EPS growth of 10.5%.
Cash Flow GrowthCash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Nordson is 5.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of 4.8%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.1% over the past 3-5 years versus the industry average of 9%.
Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for Nordson have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.5% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made Nordson a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Nordson well for outperformance, so growth investors may want to bet on it.
Key Takeaways Manufacturing PMI rose to 52.7 in March, highest since August 2022, signaling sector expansion.Higher demand and slower supplier deliveries drove growth, with Deliveries Index up to 58.9.Astec, Nordson, RBC Bearings, and Zebra show solid earnings growth and estimate revisions. The U.S. manufacturing sector has been trying to stage a comeback after months of struggle. Manufacturing activity picked up in March to its highest level in more than three years and for the third straight month, indicating that the sector is on track to make a solid rebound this year.
Despite price challenges, higher demand has been boosting manufacturing activity. Given the positive sentiment, it would be ideal to invest in four stocks from the manufacturing sector — Astec Industries, Inc. (ASTE - Free Report) , Nordson Corporation (NDSN - Free Report) , RBC Bearings Incorporated (RBC - Free Report) and Zebra Technologies Corporation (ZBRA - Free Report) — that we have detailed below. Each of these stocks carries a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assures good returns. You can see the complete list of today’s Zacks #1 Rank stocks here.
Manufacturing Activity AcceleratesThe ISM Manufacturing PMI rose to 52.7 in March, after rising to 52.4 in February and beating the consensus estimate of a rise to 52.5. This is the highest reading since August 2022 and the third straight month that the PMI was above the 50 reading.
Any reading above 50 suggests an expansion. The expansion in March was largely driven by longer supplier delivery times, which are typically linked to a strong economy and higher customer demand. However, this also hints at slower deliveries.
The Deliveries Index rose to 58.9 in March from 55.1 a month earlier. However, continued demand helped boost the sector. The Federal Reserve held interest rates unchanged at its current range of 3.5% to 3.75% in its March FOMC meeting.
Inflation also spiked in March as oil prices continued to soar owing to the Iran conflict. However, a two-week ceasefire that was announced last week is expected to ease tensions. Market participants are hopeful that the Federal Reserve will go for at least one 25 basis point rate cut this year once inflation eases further.
4 Industrial Products Stocks With UpsideAstec IndustriesAstec Industries, Inc. designs, engineers, manufactures, markets and services equipment and components used primarily in asphalt and concrete road building, with offerings for mining, quarrying, construction, demolition, land clearing, energy, recycling and port operations. ASTE’s Products span the road-building lifecycle, from aggregate quarrying to asphalt application.
Astec Industries’ expected earnings growth for the current year is 13.5%. The Zacks Consensus Estimate for current-year earnings has improved 14.5% over the past 60 days. ASTE has a Zacks Rank #1.
Nordson CorporationNordson Corporation is one of the leading manufacturers as well as distributors of products and systems designed to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials and other fluids. NDSN’s product line includes single-use components, stand-alone units for low-volume operations and microprocessor-based automated systems for high-speed, high-volume production lines.
Nordson’s expected earnings growth for the current year is 11.4%. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the past 60 days. NDSN carries a Zacks Rank #2.
RBC Bearings IncorporatedRBC Bearings Incorporated manufactures and distributes engineered bearings and precision components. RBC’s bearings are tools that reduce damage and energy loss and enable proper power transmission in most machines and mechanical systems.
RBC’s expected earnings growth for the current year is 23.7%. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the past 60 days. RBC carries a Zacks Rank #2.
Zebra Technologies CorporationZebra Technologies Corporation is the leading provider of enterprise asset intelligence solutions in the automatic identification and data capture solutions industry throughout the world. ZBRA has a diversified portfolio of products and solutions that includes cloud-based subscriptions and a full range of services like maintenance, repair, technical support, as well as managed and professional services.
Zebra Technologies Corporation’s expected earnings growth for the current year is 13.6%. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the past 60 days. ZBRA carries a Zacks Rank #2.
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Nordson (NDSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Nordson is a member of our Industrial Products group, which includes 182 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Nordson is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for NDSN's full-year earnings has moved 2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NDSN has returned 17.7% so far this year. In comparison, Industrial Products companies have returned an average of 15.6%. This shows that Nordson is outperforming its peers so far this year.
RBC Bearings (RBC - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.1%.
Over the past three months, RBC Bearings' consensus EPS estimate for the current year has increased 5.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Nordson belongs to the Manufacturing - General Industrial industry, which includes 42 individual stocks and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 12.4% so far this year, so NDSN is performing better in this area. RBC Bearings is also part of the same industry.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Nordson and RBC Bearings as they could maintain their solid performance.
Key Takeaways Autodesk stands out with AI-driven design tools and cloud model driving recurring revenue growth.Intuitive Surgical expands AI-powered robotic ecosystem, adding insights, telepresence and training tools.Teradyne gains from AI chip demand and rising robotics revenues tied to e-commerce and automation trends. Robotics companies are at the forefront of innovation, driving efficiency and productivity across industries such as manufacturing, healthcare and logistics. The global robotics market is poised for significant growth, fueled by technological breakthroughs and rising demand for automation and advancements in artificial intelligence (AI) and machine learning.
This potential for high growth promises substantial returns to investors. Also, robotics can address labor shortages and enhance precision in tasks, thereby reducing operational costs and improving quality. This space includes companies that integrate hardware, software and AI to build intelligent machines capable of performing complex tasks autonomously or semi-autonomously.
Pros and Cons of Robotics ApplicationDespite the space’s rapid growth and transformative potential, the investment landscape is not without risks. Robotics technology is still evolving, and companies in this space often face high research and development costs with no guaranteed success. Regulatory challenges, market volatility, concerns about job displacement and data privacy, along with the societal impact of automation, add to the uncertainty.
Buy 5 Robotics Stocks for the Balance of 2026At this stage, we recommend five robotics stocks for investment in 2026. These are: Autodesk Inc. (ADSK - Free Report) , Intuitive Surgical Inc. (ISRG - Free Report) , Rockwell Automation Inc. (ROK - Free Report) , Nordson Corp. (NDSN - Free Report) and Teradyne Inc. (TER - Free Report) . Each of our picks currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The chart below shows the price performance of our five picks in the past month.
Image Source: Zacks Investment Research
Autodesk Inc.Autodesk benefits from a successful transition to a cloud-based subscription model, ensuring predictable recurring revenues, strong free cash flow and expanding operating margins. ADSK’s AI-driven innovation across AutoCAD, Revit and Fusion enhances productivity and strengthens customer dependency.
Autodesk is strategically embedding artificial intelligence capabilities throughout its product portfolio, positioning itself as an innovation leader while strengthening customer dependency on its platforms.
The integration of generative design, predictive analytics, and automated workflows powered by AI is transforming how architects, engineers, and designers work, delivering measurable productivity gains that justify premium pricing. These AI-enhanced features are increasingly difficult for competitors to replicate given Autodesk's massive proprietary dataset accumulated over decades.
Management guidance highlights accelerating adoption of AI-powered tools across AutoCAD, Revit, and Fusion platforms. This technological differentiation not only supports customer retention but also enables the company to capture greater wallet share as clients expand their software spending to access cutting-edge capabilities.
Autodesk has an expected revenue and earnings growth rate of 13% and 18.7%, respectively, for the current year (ending January 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 8% over the last 60 days.
Intuitive Surgical Inc.Intuitive Surgical is increasingly embedding AI and digital tools into its robotic ecosystem. Case Insights, integrated into da Vinci 5, combines surgical video with force and motion data, enabling objective performance indicators for surgeons.
Early studies link such metrics to clinical outcomes, such as length of hospital stay in colorectal surgeries. These AI-enabled insights provide both training value for novice surgeons and real-time decision support for experts.
Additionally, ISRG is piloting telecollaboration through Intuitive Telepresence, allowing remote surgical support and education. Commercial scaling, workflow changes, and regulatory adjustments initiatives align ISRG with broader AI-driven healthcare transformation. Over time, digital and AI features may become significant differentiators, deepening the company’s clinical moat and expanding its revenue streams.
Intuitive Surgical has an expected revenue and earnings growth rate of 16.2% and 15.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.7% over the last seven days.
Rockwell Automation Inc.Rockwell Automation is expected to benefit from its focus on productivity. Investments made by ROK across many end markets, coupled with higher automation and digital transformation, will support the company in the coming quarters.
ROK’s efforts to optimize its portfolio and price increase actions will drive growth and negate the headwinds from elevated costs, supply-chain issues and the challenging contraction in manufacturing activity in recent months. Recent acquisitions will boost ROK’s performance in the upcoming quarters.
Customers in life sciences, food and beverage, mining and many other end markets rely on ROK to provide robust network technology and real-time domain expertise to keep their critical operations secure and resilient.
Rockwell Automation has an expected revenue and earnings growth rate of 6% and 15.3%, respectively, for the current year (ending September 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 0.1% over the last 30 days.
Nordson Corp.Nordson is benefiting from steady demand in medical components and engineered fluid solutions. NDSN’s Advanced Technology Solutions segment is being lifted by strength across semiconductor-related electronics dispense and x-ray system product lines.
NDSN’s Industrial Precision Solutions segment has returned to modest organic growth as demand for polymer processing and automotive applications has stabilized. Management raised its full-year sales and adjusted earnings guidance after a record last quarter, supported by higher backlog and broad order momentum. Shareholder returns also remain supportive.
Nordson has an expected revenue and earnings growth rate of 5.1% and 11.4%, respectively, for the current year (ending October 2026). The Zacks Consensus Estimate for the current year’s earnings has improved 0.5% over the last 30 days.
Teradyne Inc.Teradyne benefits from strong AI-related demand that is driving significant investments in cloud AI build-out as customers accelerate the production of a wide range of AI accelerators, networking, memory, and power devices. AI computing is witnessing technological progress, which is bringing rapid transformation to design, process, and packaging technologies.
This trend bodes well for TER’s long-term prospects. Strong demand for the UltraFLEXplus system, which is suitable for high-performance processors and networking devices, is noteworthy. TER’s robotics revenues increased for three consecutive quarters, driven by Physical AI and e-commerce applications. TER expects its large e-commerce customer to triple its revenue contribution in 2026.
Teradyne has an expected revenue and earnings growth rate of 34.4% and 57.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 2.5% over the last seven days.
Key Takeaways Allegion Q1 EPS of $1.80 missed estimates and fell 3.2% despite 9.7% revenue growth.ALLE Americas revenues rose 6.9% on non-residential and electronics strength.Margins declined as costs and expenses rose, though 2026 revenue guidance was raised. Allegion plc’s (ALLE - Free Report) first-quarter 2026 adjusted earnings of $1.80 per share missed the Zacks Consensus Estimate of $1.88. The bottom line decreased 3.2% year over year.
ALLE’s Revenue DetailsAllegion’s revenues were $1.03 billion, which increased 9.7% year over year. Organic revenues increased 2.6%, driven by price realization. Revenues beat the Zacks Consensus Estimate of $1.02 billion. While acquired assets boosted revenues by 4.8%, foreign currency had a positive impact of 2.3%.
ALLE reports revenues under two segments. A brief discussion of quarterly results is provided below:
Revenues from Allegion Americas increased 6.9% year over year to $809.9 million. The figure accounted for 78.4% of the quarter’s revenues. Our estimate for segmental revenues was $807.1 million. Organic revenues increased 4.5%, driven by solid momentum in the non-residential and electronics businesses.
Operating income for the segment was $215.1 million, up 1.8% year over year. Our estimate was $209.7 million.
Revenues from Allegion International were $223.7 million, up 21.5% year over year. The metric accounted for 21.6% of the quarter’s revenues. Organic revenues decreased 5.3%. Segmental operating income was $8.3 million, down 29.1% year over year.
Allegion’s Margin ProfileIn the quarter, Allegion’s cost of revenues increased 11.5% year over year to $579.1 million. Gross profit was $454.5 million, up 7.5% year over year, while the gross margin declined 90 basis points (bps) to 44%.
Selling and administrative expenses increased 14.6% year over year to $259.2 million. Adjusted EBITDA was $236.8 million, reflecting a year-over-year increase of 3.9%. The margin was 22.9%, down 130 basis points on a year-over-year basis.
Adjusted operating income increased 2.6% year over year to $218.9 million. The adjusted margin was 21.2%, down 150 basis points year over year. Interest expenses were $24.2 million, down 2% year over year. The effective tax rate (on an adjusted basis) was 20.1%, up from 16.1% in the year-ago quarter.
ALLE’s Balance Sheet and Cash FlowWhile exiting first-quarter 2026, Allegion had cash and cash equivalents of $308.9 million compared with $356.2 million at the end of 2025. Long-term debt was $2.03 billion, higher than $1.98 billion at 2025-end.
In the first three months of 2026, ALLE generated net cash of $101.3 million from operating activities, reflecting a decrease of 3.1% year over year. Capital expenditure was $21 million, in line with the year-ago period. For the first three months of 2026, the available cash flow was $80.3 million.
Allegion repurchased shares for $40.6 million. Dividends paid out totaled $47.4 million, reflecting an increase of 8.7% year over year.
Allegion’s 2026 OutlookThe company has raised its 2026 revenue guidance. Allegion expects revenues to increase in the range of 6-8% year over year, higher than 5-7% projected earlier. ALLE continues to expect organic revenues to grow in the range of 2-4%.
Adjusted earnings are still projected to be in the range of $8.70-$8.90 per share. The company estimates available cash flow to be 85-95% of adjusted net income. Adjusted effective tax rate is projected to be approximately 18-19%.
ALLE’s Zacks RankThe company currently carries a Zacks Rank #3 (Hold).
DXP Enterprises (DXPE - Free Report) presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
DXP Enterprises’ earnings surpassed the consensus estimate by 52.8% in the last reported quarter. In the past 60 days, the Zacks Consensus Estimate for DXPE’s 2026 earnings has increased by 17.2%.
Nordson Corporation (NDSN - Free Report) currently carries a Zacks Rank #2 (Buy). Nordson’s earnings topped the consensus estimate in each of the trailing four quarters. The average earnings surprise was 2.5%. In the past 60 days, the Zacks Consensus Estimate for Nordson’s fiscal 2026 earnings has increased 0.5%.
RBC Bearings (RBC - Free Report) presently carries a Zacks Rank of 2. RBC Bearings’ earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 5.3%. In the past 60 days, the Zacks Consensus Estimate for RBC Bearings’ fiscal 2026 earnings has inched down 0.3%.
Industrial stocks largely sell products to other companies. Demand for those products is usually highly dependent on economic activity, making industrial stocks like Emerson Electric (EMR +0.69%), Nordson (NDSN +0.90%), and Stanley Black & Decker (SWK +0.59%) highly cyclical businesses. And yet all three are Dividend Kings, with 50+ years of annual dividend increases behind each.
Wall Street is currently dealing with conflicting economic signals. Consumers are tightening their budgets. Oil prices are high thanks to the geopolitical conflict in the Middle East. There are legitimate concerns that a recession is possible. On the other hand, U.S. economic growth has yet to turn negative. If you are considering buying an industrial stock, but are worried that a recession is on the way, you might want to do a deep dive on these three Dividend King industrials.
Image source: Getty Images.
Emerson Electric is on automatic Emerson Electric has shifted its business over time and is now focused squarely on industrial automation. It sells everything from software to switches that a company needs to automate its factory. Automation is a huge upfront expense, but it helps companies save money over the long term. And, notably, the software side of the business creates an annuity-like income stream.
The company expects software to be an important growth driver, with sales expanding by 40% between 2025 and 2028. That will increase this division's share of sales from 14% to 17%. The rest of the business is expected to grow around 13% over the same span. The interesting thing is that a recession could actually lead companies to lean into automation, which might help protect Emerson's business from the full hit of a business downturn.
Today's Change
(
0.69
%) $
0.98
Current Price
$
143.07
That said, Emerson isn't a cheap stock. The company's price-to-sales, price-to-earnings, and price-to-book value ratios are all above their five-year averages. Its 1.5% yield is higher than the 1.1% of the S&P 500 index (^GSPC +0.50%), but it isn't exactly huge. Still, the company has been around since the late 1800s and is a proven survivor. It could be a good place to hide in the industrial sector if you believe an economic storm is on the way.
Nordson is a fluid business Nordson makes fluid control systems. It produces equipment that dispenses things like coatings and sealants. This industrial company has material exposure to industries such as healthcare and electronics. The stock experienced a deep drawdown in 2025, but has since recovered. It was a better buy during the drawdown, but the dividend yield is still near the high end of its 10-year range at roughly 1.1%.
Today's Change
(
0.90
%) $
2.58
Current Price
$
288.21
That said, this is really a dividend growth story, with annualized dividend growth of around 13% over the past decade. The valuation story, meanwhile, is a bit mixed. The P/S ratio is a bit above its five-year average. The P/E ratio is roughly in line with its five-year average. And the P/B ratio is slightly below its five-year average. Growth and income, and dividend growth investors might want to take a look.
Stanley Black & Decker is turning things around Stanley Black & Decker makes tools. Although many of its tools are sold to the construction industry, it also has a material consumer business. It can be more cyclical than other industrial companies. And it is working through a turnaround right now, as it looks to streamline its business, cut costs, and reduce leverage following a period of growth through acquisition. Only more aggressive investors should probably consider the stock.
Today's Change
(
0.59
%) $
0.49
Current Price
$
83.62
However, there are signs of improvement. Notably, margins have expanded, and leverage has fallen, which is exactly the goal of the turnaround. Still, Wall Street is worried, and the stock remains unloved, down 60% from its 2021 high. The stock's P/S and P/B ratios are both below their five-year averages. There's no five-year average for the P/E because of losses over that span. The dividend yield is the real attraction, since it is sitting at a historically high 4.1%. And the dividend has continued to rise each year despite the headwinds, so it is clear that the board of directors places a high value on remaining a Dividend King.
You have industrial dividend options Emerson is probably best seen as a slow, boring tortoise. Nordson is more of a growth story. And Stanley Black & Decker is the high-yield turnaround option. This trio covers a lot of investment ground for dividend investors looking at the industrial sector right now.
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Nordson (NDSN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Nordson is a member of our Industrial Products group, which includes 181 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nordson is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NDSN's full-year earnings has moved 2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that NDSN has returned about 17.9% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 16% on a year-to-date basis. This shows that Nordson is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Ranpak Holdings Corp (PACK - Free Report) . The stock is up 20.3% year-to-date.
Over the past three months, Ranpak Holdings Corp's consensus EPS estimate for the current year has increased 26.5%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Nordson belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have gained 6.7% this year, meaning that NDSN is performing better in terms of year-to-date returns.
In contrast, Ranpak Holdings Corp falls under the Containers - Paper and Packaging industry. Currently, this industry has 10 stocks and is ranked #195. Since the beginning of the year, the industry has moved -1.8%.
Investors interested in the Industrial Products sector may want to keep a close eye on Nordson and Ranpak Holdings Corp as they attempt to continue their solid performance.
Investors interested in stocks from the Manufacturing - General Industrial sector have probably already heard of Luxfer (LXFR) and Nordson (NDSN). But which of these two stocks offers value investors a better bang for their buck right now?
Wall Street analysts expect Nordson (NDSN - Free Report) to post quarterly earnings of $2.82 per share in its upcoming report, which indicates a year-over-year increase of 16.5%. Revenues are expected to be $731 million, up 7% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Nordson metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Industrial Precision Solutions' will reach $337.18 million. The estimate points to a change of +5.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Advanced Technology Solutions' of $190.40 million. The estimate indicates a year-over-year change of +18.1%.
Based on the collective assessment of analysts, 'Net Sales- Medical and Fluid Solutions' should arrive at $213.44 million. The estimate points to a change of +5.2% from the year-ago quarter.
View all Key Company Metrics for Nordson here>>>
Over the past month, shares of Nordson have returned +1.3% versus the Zacks S&P 500 composite's +7.7% change. Currently, NDSN carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways NDSN is expected to post 7% revenue growth and 16.5% higher adjusted earnings in Q2.Nordson may benefit from strong semiconductor, electronics dispense and automotive demand.NDSN faces pressure from rising labor, raw material and foreign currency-related costs. Nordson Corporation (NDSN - Free Report) is scheduled to release second-quarter fiscal 2026 (ended April 30) results on May 20, after market close.
The Zacks Consensus Estimate for fiscal second-quarter earnings has remained steady in the past 30 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters. The average surprise was 2.5%.
The consensus estimate for fiscal second-quarter revenues is pegged at $731 million, suggesting growth of 7% from the year-ago quarter’s figure. The consensus estimate for adjusted earnings is pinned at $2.82 per share, indicating a 16.5% increase from the year-ago quarter’s number.
Let’s see how things have shaped up for Nordson this earnings season.
Factors to Note Ahead of NDSN’s Q2 ResultsThe Industrial Precision Solutions segment’s results are likely to benefit from growing demand for industrial and automotive product lines. Continued investments in packaging, product assembly and precision agriculture end markets are expected to have boosted revenues. The consensus mark for the segment’s revenues is pegged at $337 million, indicating a 5.6% increase from the year-ago figure.
The Advanced Technology Solutions segment is expected to have benefited on the back of increased demand for semiconductor application products. Also, a rise in demand for electronics dispense systems is expected to support the segment’s results. The consensus mark for the segment’s revenues is pegged at $190 million, indicating a 18.8% increase from the year-ago figure.
Increased demand for fluid solutions product lines is likely to have aided the Medical and Fluid Solutions segment in the to-be-reported quarter. The consensus mark for the segment’s revenues is pegged at $213 million, indicating a 4.9% increase from the year-ago figure.
However, rising costs and operating expenses have been concerns for Nordson for some time now. The impacts of high labor and raw material costs are likely to have affected its margin and profitability. Also, investments associated with product development and growth initiatives are expected to have hurt the company’s performance.
Given the company’s substantial international operations, foreign currency headwinds are likely to have marred its margins and profitability.
Earnings Whispers for NDSNOur proven model does not conclusively predict an earnings beat for NDSN this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.
Earnings ESP: NDSN has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $2.82 per share. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: NDSN presently carries a Zacks Rank of 2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Other CompaniesGraco Inc. (GGG - Free Report) posted quarterly earnings of 66 cents per share in the first quarter of 2026, missing the Zacks Consensus Estimate of 75 cents per share. This compares with earnings of 70 cents per share a year ago.
Graco posted revenues of $540.1 million for the quarter, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $528.3 million.
Stanley Black & Decker, Inc. (SWK - Free Report) reported first-quarter 2026 adjusted earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 61 cents. The bottom line increased 6.7% year over year.
Stanley Black’s net sales of $3.85 billion beat the consensus estimate of $3.74 billion. The top line increased 2.7% from the year-ago quarter.
Ingersoll Rand Inc. (IR - Free Report) reported first-quarter 2026 adjusted earnings of 77 cents per share, which surpassed the Zacks Consensus Estimate of 74 cents. The bottom line increased 7% year over year.
Total revenues of $1.85 billion beat the consensus estimate of $1.83 billion. The top line increased 7.6% year over year.
WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal second quarter ended April 30, 2026. Sales were a second quarter record of $741 million compared to the prior year’s second quarter sales of $683 million. The second quarter 2026 sales included an organic sales increase of 7% driven by growth in all segments, as well as a favorable currency translation impact of 3%. This sales result was slightly offset by the previously announced divestiture and the contribution of a small acquisition that was completed during the quarter.
Net income was $117 million, or $2.09 of earnings per diluted share, compared to prior year’s second quarter net income of $112 million, or $1.97 of earnings per diluted share. Second quarter 2026 earnings included a one-time, non-cash settlement charge to annuitize about 30% of the U.S. pension obligation and a non-cash loss on minority investments recognized during the quarter. Excluding these items and acquisition-related amortization and costs, second quarter adjusted earnings per diluted share were a record $2.86, an 18% increase from the prior year adjusted earnings per diluted share of $2.42.
EBITDA was also a second quarter record of $235 million, or 32% of sales, an increase of 8% compared to prior year EBITDA of $217 million, or 32% of sales.
Commenting on the Company’s fiscal 2026 second quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “Our solid execution of the Ascend Strategy resulted in second quarter records for sales, adjusted earnings and EBITDA. Our free cash flow conversion also continues to be a strength, enabling a healthy mix of shareholder returns and reinvestment in growth. Thank you to our teams for delivering another strong quarter.”
On March 16, 2026, the Company acquired CapstanAG Systems, a precision agriculture company in North America that is a complementary bolt-on to our existing footprint. This small, but strategic, acquisition provides the Company with an established and synergistic platform to grow its precision agriculture portfolio with mid-tier OEMs in North America.
Second Quarter Segment Results
Record second quarter Industrial Precision Solutions sales of $350 million increased 10% from the prior year, inclusive of an organic sales increase of 5%, favorable currency translation of 4%, and an acquisition contribution of 1%. The organic sales increase was driven by improving industrial coating and polymer processing systems demand, ongoing growth in precision agriculture end markets and stable demand in broader consumer and industrial end markets. EBITDA in the quarter was $124 million, or 35% of sales, up 9% from the prior year second quarter EBITDA of $114 million.
Medical and Fluid Solutions sales of $213 million, also a second quarter record, increased 5% compared to the prior year second quarter. This increase was inclusive of an organic sales increase of 8% and a favorable currency impact of 1%. Sales growth was partially offset by 4% related to the previously divested medical contract manufacturing business. The organic sales increase was driven by growth in engineered fluid solutions and medical product lines. EBITDA in the quarter was $79 million, or 37% of sales, up 3% from the prior year second quarter EBITDA of $77 million.
Record quarterly Advanced Technology Solutions sales of $178 million increased 10% compared to the prior year second quarter, inclusive of an organic sales increase of 8% and favorable currency translation of 2%. The organic sales increase was driven by ongoing growth in electronics dispense systems. EBITDA in the quarter was $48 million, or 27% of sales, up 22% from the prior year second quarter EBITDA of $40 million.
Outlook
The Company enters the third quarter with increased backlog, up 18% over the prior year. Order entry momentum was broad-based in the quarter across all segments. These trends position the Company to deliver third quarter fiscal 2026 sales in the range of $760 to $790 million. Third quarter adjusted earnings are forecasted to be in the range of $2.95 to $3.15 per diluted share.
Based on the continuing momentum of our end markets as evidenced by our backlog and order entry, the Company is increasing its full year guidance. Sales are now expected to be in the range of $2,930 to $3,010 million and adjusted earnings to be in the range of $11.30 to $11.80 per diluted share.
Reflecting on the full year outlook, Mr. Nagarajan said, “We delivered a strong first half of fiscal 2026, highlighted by record performance and ongoing momentum across our end markets. Supported by robust order entry and backlog, we expect this momentum to continue and are increasing our full year sales and earnings guidance. Our NBS Next growth framework, close-to-the-customer business model, and differentiated precision technologies position us well to compound profitable growth.”
Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, May 21, 2026, at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com. Information about Nordson’s investor relations and shareholder services is available from Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or [email protected].
Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic and political conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions and the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements, including changes in tariffs by the U.S. or other nations; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflicts in Europe and the Middle East, acts of terror, natural disasters and pandemics and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release.
Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serve global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, linkedin/Nordson, or www.facebook.com/nordson.
NORDSON CORPORATION
SEGMENT INFORMATION (Unaudited)
(Dollars in thousands)
Three Months Ended
Six Months Ended
April 30, 2026
April 30, 2025
April 30, 2026
April 30, 2025
SALES
Industrial Precision Solutions
$
350,466
$
318,847
$
677,327
$
619,295
Medical and Fluid Solutions
212,850
202,809
406,033
396,418
Advanced Technology Solutions
177,531
161,282
326,948
282,645
Total sales
$
740,847
$
682,938
$
1,410,308
$
1,298,358
EBITDA
Industrial Precision Solutions
$
123,578
35%
$
113,548
36%
$
233,889
35%
$
226,324
37%
Medical and Fluid Solutions
79,193
37%
76,538
38%
149,399
37%
140,870
36%
Advanced Technology Solutions
48,327
27%
39,516
25%
80,927
25%
62,287
22%
Corporate expenses
(15,911
)
(12,448
)
(26,038
)
(24,224
)
Total EBITDA (non-GAAP) (1)
$
235,187
32%
$
217,154
32%
$
438,177
31%
$
405,257
31%
(1) Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures – net income to EBITDA.
NORDSON CORPORATION
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(Dollars in thousands except for per-share amounts)
Three Months Ended
Six Months Ended
April 30, 2026
April 30, 2025
April 30, 2026
April 30, 2025
Sales
$
740,847
$
682,938
$
1,410,308
$
1,298,358
Cost of sales
336,770
309,034
640,109
588,558
Gross profit
404,077
373,904
770,199
709,800
Gross margin %
54.5
%
54.7
%
54.6
%
54.7
%
Selling and administrative expenses
206,874
205,154
406,591
400,103
Operating profit
197,203
168,750
363,608
309,697
Interest expense - net
(21,580
)
(26,019
)
(44,321
)
(51,637
)
Pension settlement charge
(24,049
)
—
(24,049
)
—
Other income (expense) - net
(10,400
)
(3,961
)
10,437
(2,435
)
Income before income taxes
141,174
138,770
305,675
255,625
Income taxes
23,858
26,366
54,977
48,569
Net income
$
117,316
$
112,404
$
250,698
$
207,056
Weighted-average common shares outstanding:
Basic
55,798
56,785
55,793
56,960
Diluted
56,100
57,038
56,113
57,265
Earnings per share:
Basic earnings
$
2.10
$
1.98
$
4.49
$
3.64
Diluted earnings
$
2.09
$
1.97
$
4.47
$
3.62
NORDSON CORPORATION
CONSOLIDATED BALANCE SHEETS (Unaudited)
(Dollars in thousands)
April 30, 2026
October 31, 2025
Cash and cash equivalents
$
102,017
$
108,442
Receivables - net
606,689
587,843
Inventories - net
467,757
444,814
Other current assets
100,893
101,752
Total current assets
1,277,356
1,242,851
Property, plant and equipment - net
521,390
516,914
Goodwill
3,332,927
3,304,685
Other assets
832,745
853,231
$
5,964,418
$
5,917,681
Notes payable and debt due within one year
$
50,000
$
315,000
Accounts payable and accrued liabilities
441,875
443,260
Total current liabilities
491,875
758,260
Long-term debt
1,836,356
1,681,254
Other liabilities
433,952
434,596
Total shareholders' equity
3,202,235
3,043,571
$
5,964,418
$
5,917,681
NORDSON CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
(Dollars in thousands)
Six Months Ended
April 30, 2026
April 30, 2025
Cash flows from operating activities:
Net income
$
250,698
$
207,056
Depreciation and amortization
72,900
74,608
Pension settlement charge
24,049
—
Other non-cash items
(4,813
)
7,021
Changes in operating assets and liabilities and other
(21,733
)
(10,393
)
Net cash provided by operating activities
321,101
278,292
Cash flows from investing activities:
Additions to property, plant and equipment
(27,693
)
(37,439
)
Acquisition of business, net of cash acquired
(11,643
)
—
Other - net
(688
)
10,339
Net cash used in investing activities
(40,024
)
(27,100
)
Cash flows from financing activities:
Repayment of long-term debt
(107,105
)
(5,800
)
Repayment of finance lease obligations
(3,753
)
(2,627
)
Dividends paid
(91,642
)
(88,937
)
Issuance of common shares
43,008
2,803
Purchase of treasury shares
(129,303
)
(146,252
)
Net cash used in financing activities
(288,795
)
(240,813
)
Effect of exchange rate change on cash:
1,293
3,826
Net change in cash and cash equivalents
(6,425
)
14,205
Cash and cash equivalents:
Beginning of period
108,442
115,952
End of period
$
102,017
$
130,157
NORDSON CORPORATION
SALES BY GEOGRAPHIC SEGMENT (Unaudited)
(Dollars in thousands)
Three Months Ended
Sales Variance
April 30, 2026
April 30, 2025
Organic
Acquisitions /
Divestitures
Currency
Total
SALES BY SEGMENT
Industrial Precision Solutions
$
350,466
$
318,847
5.0
%
0.8
%
4.1
%
9.9
%
Medical and Fluid Solutions
212,850
202,809
7.8
%
(3.9
)%
1.1
%
5.0
%
Advanced Technology Solutions
177,531
161,282
8.5
%
—
%
1.6
%
10.1
%
Total sales
$
740,847
$
682,938
6.6
%
(0.8
)%
2.7
%
8.5
%
SALES BY GEOGRAPHIC REGION
Americas
$
308,253
$
292,463
5.9
%
(1.7
)%
1.2
%
5.4
%
Europe
194,459
172,496
6.4
%
(0.3
)%
6.6
%
12.7
%
Asia Pacific
238,135
217,979
7.8
%
(0.1
)%
1.5
%
9.2
%
Total sales
$
740,847
$
682,938
6.6
%
(0.8
)%
2.7
%
8.5
%
Six Months Ended
Sales Variance
April 30, 2026
April 30, 2025
Organic
Acquisitions / Divestitures
Currency
Total
SALES BY SEGMENT
Industrial Precision Solutions
$
677,327
$
619,295
4.1
%
0.4
%
4.9
%
9.4
%
Medical and Fluid Solutions
406,033
396,418
5.3
%
(4.2
)%
1.3
%
2.4
%
Advanced Technology Solutions
326,948
282,645
13.8
%
—
%
1.9
%
15.7
%
Total sales
$
1,410,308
$
1,298,358
6.6
%
(1.1
)%
3.1
%
8.6
%
SALES BY GEOGRAPHIC REGION
Americas
$
570,183
$
560,300
2.9
%
(2.2
)%
1.1
%
1.8
%
Europe
376,920
340,259
3.0
%
(0.2
)%
8.0
%
10.8
%
Asia Pacific
463,205
397,799
14.8
%
(0.1
)%
1.7
%
16.4
%
Total sales
$
1,410,308
$
1,298,358
6.6
%
(1.1
)%
3.1
%
8.6
%
NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited)
(Dollars in thousands)
Three Months Ended
Six Months Ended
April 30, 2026
April 30, 2025
April 30, 2026
April 30, 2025
Net income
$
117,316
$
112,404
$
250,698
$
207,056
Income taxes
23,858
26,366
54,977
48,569
Interest expense - net
21,580
26,019
44,321
51,637
Pension settlement charge
24,049
—
24,049
—
Other expense (income) - net
10,400
3,961
(10,437
)
2,435
Inventory step-up amortization (1)
1,135
—
1,135
3,135
Severance and other (1)
—
10,313
—
16,274
Acquisition-related costs (1)
534
513
534
1,543
Adjusted operating profit
198,872
179,576
365,277
330,649
Depreciation and amortization
36,315
37,578
72,900
74,608
EBITDA (non-GAAP) (2)
$
235,187
$
217,154
$
438,177
$
405,257
NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited)
(Dollars in thousands)
Three Months Ended
Six Months Ended
April 30, 2026
April 30, 2025
April 30, 2026
April 30, 2025
GAAP AS REPORTED
Net income
$
117,316
$
112,404
$
250,698
$
207,056
Diluted earnings per share
$
2.09
$
1.97
$
4.47
$
3.62
Shares outstanding - diluted
56,100
57,038
56,113
57,265
ADJUSTMENTS
Inventory step-up amortization (1)
$
1,135
$
—
$
1,135
$
3,135
Acquisition costs (1)
534
513
534
1,543
Severance and other (1)
—
10,313
—
16,274
Acquisition amortization of intangibles
19,406
19,696
38,975
39,007
Entity liquidation
—
988
—
988
Non-cash loss (gain) on minority investments (2)
9,827
—
(12,411
)
—
Pension settlement charge
24,049
—
24,049
—
Total adjustments
$
54,951
$
31,510
$
52,282
$
60,947
Adjustments net of tax
$
43,342
$
25,523
$
42,711
$
49,367
EPS effect of adjustments
$
0.77
$
0.45
$
0.76
$
0.86
NON-GAAP
Adjusted net income (3)
$
160,658
$
137,927
$
293,409
$
256,423
Adjusted earnings per share (4)
$
2.86
$
2.42
$
5.23
$
4.48
NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited)
(Dollars in thousands)
Year to Date
April 30, 2026
January 31, 2026
Net cash provided by operating activities
$
321,101
$
140,428
Additions to property, plant and equipment
(27,693
)
(17,513
)
Free cash flow (1)
$
293,408
$
122,915
Free cash flow - quarter to date (1)
$
170,493
Net income
$
250,698
$
133,382
Non-cash loss (gain) on minority investments and pension charge - after-tax
9,383
(16,679
)
Net income excluding non-cash loss (gain) on minority investments and pension loss (2)
$
260,081
$
116,703
Free cash flow conversion (3)
113
%
105
%
Net income excluding non-cash loss (gain) on minority investments and pension charge - quarter to date (2)
$
143,378
Free cash flow conversion - quarter to date (2)
119
%
Year to Date
April 30, 2025
January 31, 2025
Net cash provided by operating activities
$
278,292
$
159,122
Additions to property, plant and equipment
(37,439
)
(21,399
)
Free cash flow (1)
$
240,853
$
137,723
Free cash flow - quarter to date (1)
$
103,130
Net income
$
207,056
$
94,652
Free cash flow conversion (3)
116
%
146
%
Net income - quarter to date (2)
$
112,404
Free cash flow conversion - quarter to date (2)
92
%
Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS, EBITDA, free cash flow, and free cash flow conversion, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding.
On May 20, 2026, Nordson Corp NDSN released its 8-K filing reporting record second-quarter fiscal 2026 results. Sales reached $741 million, up 8% year over year. GAAP diluted EPS was $2.09, up 6% year over year, while adjusted diluted EPS was $2.86, up 18% year over year. Sales of $741 million were higher than the current quarterly revenue estimate of $728.84 million. GAAP diluted EPS of $2.09 was below the current quarterly EPS estimate of $2.57. Adjusted diluted EPS of $2.86 was higher than the current quarterly EPS estimate of $2.57.
Nordson manufactures equipment (including pumps, valves, dispensers, applicators, filters, and pelletizers) used for dispensing adhesives, coatings, sealants, and other materials. The firm serves a diverse range of end markets including packaging, medical, electronics, and industrial. Nordson's business is organized into three segments: industrial precision solutions, medical and fluid solutions, and advanced technology solutions. The company generated approximately $2.8 billion in revenue in its fiscal 2025.
Quarter Highlights and Estimate Comparisons Second-quarter sales grew organically by 7%, with a 3% favorable currency impact. This growth was partially offset by the previously announced divestiture, while a small bolt-on acquisition contributed modestly. Backlog increased 18% from the prior year, supporting continued demand across segments.
GAAP performance reflected non-cash items in the period. Results included a one-time, non-cash pension settlement charge related to annuitizing about 30% of the U.S. pension obligation and a non-cash loss on minority investments. These items weighed on reported EPS relative to estimates but were excluded from adjusted metrics. EBITDA reached a second-quarter record of $235 million, representing 32% of sales.
Metric (Q2 FY2026) Q2 FY2026 Q2 FY2025 Year-over-Year Revenue $740.8 million $682.9 million +8% GAAP Diluted EPS $2.09 $1.97 +6% Adjusted Diluted EPS (non-GAAP) $2.86 $2.42 +18% EBITDA (non-GAAP) $235.2 million $217.2 million +8% Gross Margin 54.5% 54.7% -20 bps Backlog Up 18% YoY — —Management Commentary and Strategic Actions Management attributed the performance to disciplined execution and resilient end-market demand. The company also highlighted strong free cash flow conversion supporting both reinvestment and shareholder returns.
“Our solid execution of the Ascend Strategy resulted in second quarter records for sales, adjusted earnings and EBITDA. Our free cash flow conversion also continues to be a strength, enabling a healthy mix of shareholder returns and reinvestment in growth. Thank you to our teams for delivering another strong quarter.”Nordson completed the acquisition of CapstanAG Systems on March 16, 2026, a complementary bolt-on in precision agriculture. This transaction expands the company’s platform with mid-tier OEMs in North America and supports growth in the industrial precision end market.
Segment and Geographic Performance Industrial Precision Solutions (IPS) delivered record sales of $350 million, up 10%. Organic growth of 5%, a 4% currency tailwind, and a 1% acquisition contribution lifted results. EBITDA was $124 million with a 35% margin, compared with $114 million and a 36% margin a year ago.
Medical and Fluid Solutions (MFS) posted record second-quarter sales of $213 million, up 5%. Organic growth of 8% and a 1% currency tailwind were partially offset by a 4% headwind from a divested medical contract manufacturing business. EBITDA was $79 million with a 37% margin, compared with $77 million and a 38% margin last year.
Advanced Technology Solutions (ATS) achieved record sales of $178 million, up 10%, driven by 8% organic growth and a 2% currency tailwind. EBITDA was $48 million with a 27% margin, compared with $40 million and a 25% margin a year ago.
Geographically, growth was broad-based. In the Americas, total sales rose 5.4%. In Europe, total sales grew 12.7%. In Asia Pacific, total sales increased 9.2%.
Income Statement, Balance Sheet, and Cash Flow Gross profit was $404.1 million with a gross margin of 54.5%. Selling and administrative expenses were $206.9 million. Operating profit rose to $197.2 million from $168.8 million a year ago. Net interest expense decreased to $21.6 million from $26.0 million, supporting earnings resilience despite non-cash items recorded in the quarter.
The company reported net income of $117.3 million and diluted EPS of $2.09, up from $1.97. Adjusted results excluded the pension settlement charge, non-cash minority investment losses, and acquisition-related amortization and costs.
On the balance sheet, cash and cash equivalents were $102.0 million. Receivables were $606.7 million and inventories were $467.8 million, reflecting higher activity levels. Long-term debt increased to $1.84 billion from $1.68 billion at fiscal year-end, while current liabilities decreased, driven by a reduction in short-term debt. Shareholders’ equity improved to $3.20 billion from $3.04 billion.
Operating cash flow for the first six months was $321.1 million, up from $278.3 million. Capital expenditures were $27.7 million. Based on the company’s definition, this implies free cash flow of approximately $293.4 million for the first half. The company returned capital via $91.6 million in dividends and $129.3 million of share repurchases, and repaid $107.1 million of long-term debt.
Guidance and What It Signals Nordson raised its outlook for fiscal 2026. The company now expects full-year sales of $2,930 million to $3,010 million and adjusted diluted EPS of $11.30 to $11.80. The low end of the range, $2,930 million, is below the current annual revenue estimate of $2,948.49 million. The high end of the range, $3,010 million, is above the current estimate.
The low end of adjusted EPS guidance, $11.30, is above the current annual EPS estimate of $10.50. The high end, $11.80, is also above the estimate. Management also cited an 18% year-over-year increase in backlog and broad-based order momentum supporting third-quarter sales and earnings targets.
“We delivered a strong first half of fiscal 2026, highlighted by record performance and ongoing momentum across our end markets. Supported by robust order entry and backlog, we expect this momentum to continue and are increasing our full year sales and earnings guidance. Our NBS Next growth framework, close-to-the-customer business model, and differentiated precision technologies position us well to compound profitable growth.”Why It Matters for Investors For an industrial products company, record revenue, double-digit adjusted EPS growth, and a 32% EBITDA margin underscore pricing power and product mix strength in precision dispensing. Segment breadth helped balance conditions across end markets, with electronics improving in ATS and stable consumer and industrial trends aiding IPS and MFS.
Key watch items include modest gross margin compression, the impact of non-cash pension actions on GAAP results, and integration of the precision agriculture bolt-on. The increased guidance, rising backlog, and robust first-half cash generation support continued reinvestment and shareholder returns, though valuation and insider activity (see below) warrant monitoring.
GuruFocus Valuation Check Based on the proprietary GF Value framework, Nordson Corp NDSN appears overvalued, with the current price of $276.2 sitting 7.3% above the GF Value estimate of $257.46. This suggests a modest premium relative to long-term fair value assumptions embedded in the model.
The company’s GF Score is 93/100, a strong composite reading that reflects attractive fundamentals across quality and growth factors. A Profitability Rank of 9/10 aligns with the company’s high margins and consistent returns. A Growth Rank of 9/10 indicates favorable momentum and reinvestment prospects. Predictability at 4 stars points to a solid, though not flawless, track record of delivering results. Financial Strength at 6/10 is adequate, consistent with a capital structure that supports growth while balancing leverage.
The Moat Score of 7/10 highlights durable competitive advantages in precision technologies and customer intimacy. Insider Activity shows $22.6 million of insider selling over the last three months with no buying, a data point that typically argues for caution at the margin. For a deeper dive, visit the Nordson Corp stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from Nordson Corp for further details.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Nordson (NDSN - Free Report) came out with quarterly earnings of $2.86 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.42 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.54%. A quarter ago, it was expected that this maker of adhesives and industrial coatings would post earnings of $2.36 per share when it actually produced earnings of $2.37, delivering a surprise of +0.42%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nordson, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $740.85 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 1.35%. This compares to year-ago revenues of $682.94 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nordson shares have added about 13% since the beginning of the year versus the S&P 500's gain of 7.4%.
What's Next for Nordson?While Nordson has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nordson was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.01 on $760.33 million in revenues for the coming quarter and $11.47 on $2.93 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, ATS (ATS - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 28.
This automation services provider is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has been revised 10% lower over the last 30 days to the current level.
ATS's revenues are expected to be $546.61 million, up 36.7% from the year-ago quarter.
For the quarter ended April 2026, Nordson (NDSN - Free Report) reported revenue of $740.85 million, up 8.5% over the same period last year. EPS came in at $2.86, compared to $2.42 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $731 million, representing a surprise of +1.35%. The company delivered an EPS surprise of +1.54%, with the consensus EPS estimate being $2.82.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nordson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial Precision Solutions: $350.47 million compared to the $337.18 million average estimate based on two analysts. The reported number represents a change of +9.9% year over year.Net Sales- Advanced Technology Solutions: $177.53 million versus $190.4 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.1% change.Net Sales- Medical and Fluid Solutions: $212.85 million versus $213.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5% change.EBITDA- Industrial Precision Solutions: $123.58 million compared to the $119.78 million average estimate based on two analysts.EBITDA- Advanced Technology Solutions: $48.33 million versus $48.42 million estimated by two analysts on average.EBITDA- Medical and Fluid Solutions: $79.19 million compared to the $77.31 million average estimate based on two analysts.View all Key Company Metrics for Nordson here>>>
Shares of Nordson have returned -3.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
3 Automation-Focused Stocks Flying Under the RadarNordson NASDAQ: NDSN reported record fiscal second-quarter sales and earnings, with management citing broad-based organic growth across all three business segments, stronger order activity and an 18% organic increase in backlog from the prior year.
President and Chief Executive Officer Sundaram Nagarajan said the company delivered record sales of $741 million in the quarter, up 8% from the prior year, including 7% organic growth. He said order entry accelerated during the final two months of the quarter and that all three segments contributed to the company’s organic growth performance.
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3 Industrials Stocks Standing Out for Growth and Analyst Optimism“I’m very pleased to report a strong second quarter where all 3 segments contributed to our organic growth performance, surpassing the midpoint expectations of last quarter’s sales and earnings guidance,” Nagarajan said.
Adjusted earnings per share were $2.86, up 18% from $2.42 a year earlier and $0.06 above the midpoint of Nordson’s quarterly guidance. EBITDA was $235 million, a second-quarter record, and represented 32% of sales. Free cash flow totaled $170 million, with conversion of more than 100% of net income.
Segment Results Show Broad Growth These Quality Dividend Kings Grow their Dividends the FastestExecutive Vice President and Chief Financial Officer Daniel Hopgood said second-quarter sales rose to $741 million from $683 million a year earlier. Currency translation added 3 percentage points to growth, while results were modestly offset by the prior divestiture of the medical contract manufacturing business and partially helped by the acquisition of Capstan AG during the quarter.
Industrial Precision Solutions generated second-quarter record sales of $350 million, up 10% from the prior year. Organic sales increased 5%, supported by improving demand in industrial coating and polymer processing systems, continued growth in precision agriculture and stable demand in broader consumer and industrial markets. Segment EBITDA rose 9% to $124 million, or 35% of sales.
Medical and Fluid Solutions sales were also a second-quarter record at $213 million, up 5% year over year. Organic sales increased 8%, helped by both engineered fluid solutions and medical product lines. Hopgood said the medical product lines showed solid growth after a slower start to the year. EBITDA in the segment was $79 million, or 37% of sales, up from $77 million a year earlier.
Advanced Technology Solutions posted all-time quarterly record sales of $178 million, up 10% from the prior year, including 8% organic growth. Hopgood said the increase was most notable in electronics dispense product lines and reflected ongoing strength in semiconductor demand. Segment EBITDA rose 22% to a record $48 million, while EBITDA margin improved to 27% from 25% a year earlier.
Margins, Cash Flow and Balance Sheet Adjusted operating profit increased 11% year over year to $199 million, equal to 27% of sales. Hopgood said the increase was driven by SG&A leverage on organic sales growth. Incremental EBITDA contribution was about 31%, which he described as on the lower end of Nordson’s typical mid- to upper-30% conversion range but improved from the first quarter and in line with expectations.
Net interest expense declined by $4 million year over year to $22 million, due to lower debt levels and a stable-to-declining rate environment. GAAP net income was $117 million, or $2.09 per share. Hopgood said GAAP results included a $24 million pre-tax charge tied to a pension settlement and $10 million of non-cash mark-to-market charges on minority investments.
Hopgood said Nordson annuitized approximately $113 million, or just under one-third, of its remaining U.S. pension obligation during the quarter, with no cash outlay required. He said the transaction improved the funded status of the remaining pension obligation and favorably affects ongoing pension costs.
At quarter-end, Nordson had $102 million in cash and net debt of approximately $1.8 billion. Its leverage ratio improved to 1.9 times, which Hopgood said was below the low end of the company’s long-term target range. During the quarter, Nordson invested $10 million in capital projects, paid $46 million in dividends, repurchased $43 million in shares and reduced net debt by $93 million.
Capstan Acquisition Expands Precision Agriculture Portfolio Nagarajan said Nordson acquired Capstan AG, a Topeka, Kansas-based precision agriculture technology company, during the quarter. He described Capstan as a North American leader in pulse width modulation systems, which provide nozzle-by-nozzle controls for row crop, orchard, planter and aerial sprayer applications.
The deal was valued at 9 times adjusted EBITDA. Nagarajan said the acquisition gives Nordson’s precision agriculture business another growth platform in North America, particularly with mid-tier OEM customers. Nordson is consolidating its existing North American precision agriculture facilities into Capstan’s Topeka footprint.
In response to an analyst question, Hopgood said Capstan is approximately a $13 million annual revenue business and that a $5 million to $6 million revenue contribution in the second half would be a reasonable modeling estimate.
Guidance Raised on Backlog and Order Momentum Nagarajan said Nordson entered the third quarter with strong order entry and backlog up 18% from the prior year, with all segments contributing. He said foreign exchange, which benefited first-half growth, is expected to be essentially neutral in the second half at current exchange rates.
For the fiscal third quarter, Nordson expects sales of $760 million to $790 million and adjusted earnings of $2.95 to $3.15 per diluted share.
The company also raised its full-year outlook. Nordson now expects fiscal 2026 sales of $2.93 billion to $3.01 billion and adjusted earnings of $11.30 to $11.80 per diluted share. Management said the guidance reflects strong demand momentum while accounting for a range of potential macroeconomic outcomes.
“We have a high level of confidence in the midpoint of our range, and it would take a meaningful slowdown in order activity driven by macro conditions to move us towards the low end,” Nagarajan said. He added that sustained demand trends, particularly in electronics end markets, could position the company to reach the upper end of guidance.
Management Highlights Semiconductors, Medical and Industrial Trends During the question-and-answer session, Hopgood said the Medical and Fluid Solutions segment is returning toward normalized growth, with medical product lines tracking toward the company’s 6% to 8% target. He said a near-term margin headwind in selected interventional medical product lines was tied to a regulatorily required material change that created operational inefficiencies, but management expects to work through the issue.
Nagarajan said medical order entry and backlog growth support confidence that the segment is returning to normalized growth.
On semiconductors, Nagarajan said Advanced Technology Solutions is benefiting from earlier actions to diversify beyond dispense products into test and inspection, broaden its customer base and reposition its operating footprint. He said the company is in the early stages of the semiconductor demand cycle and is participating in technologies related to AI infrastructure, including panel-level packaging and optical fiber applications.
Hopgood declined to provide segment-level backlog figures but said ATS showed particular strength within the company’s 18% backlog increase, suggesting a double-digit increase for the segment and potentially performance in line with or better than the companywide backlog growth.
In Industrial Precision Solutions, management said demand is improving in coatings and plastics, while packaging, product assembly and precision agriculture remain positive. Hopgood said Nordson is operating in an inflationary environment, including tariffs, and is using selective pricing and cost actions to manage pressure. He said the focus for the year is maintaining margins while growing revenue rather than expanding margins in the face of inflation.
Nagarajan closed the call by saying Nordson remains positioned as a diversified precision technology company, supported by its customer-focused model, recurring revenue, proprietary technologies and balance sheet strength.
About Nordson NASDAQ: NDSNNordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company's portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson's offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.
Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways NDSN beat Q2 estimates as adjusted earnings rose 18% and revenues increased 8% year over year.Nordson raised fiscal 2026 sales and earnings guidance after broad organic sales growth.NDSN saw sales growth across regions and segments, with operating margin up 190 bps. Nordson Corporation’s (NDSN - Free Report) second-quarter fiscal 2026 (ended April 30, 2026) adjusted earnings of $2.86 per share surpassed the Zacks Consensus Estimate of $2.82. The bottom line increased 18% year over year.
Quarterly Results of NDSNNordson’s revenues were $741 million, up 8% from the year-ago fiscal quarter’s number, driven by a 7% organic sales increase across all segments and a favorable currency translation impact of 3%. Revenues surpassed the consensus estimate of $725 million.
While organic sales increased 7% year over year, the net impact from divested sales and the CapstanAG acquisition was unfavorable by 1%. Foreign currency translation had a favorable impact of 3%.
On a regional basis, revenues from the Asia Pacific region were $238.1 million, up 9.2% year over year. Revenues generated from Europe increased 12.7% to $194.5 million, while the metric in the Americas increased 5.4% to $308.3 million.
Nordson reports revenues under three segments. The segments are Industrial Precision Solutions, Medical and Fluid Solutions and Advanced Technology Solutions. A brief snapshot of the segmental sales is provided below:
Revenues from Industrial Precision Solutions amounted to $350.5 million, up 9.9% from the year-ago fiscal quarter’s level. Organic sales increased 5.0% from the year-ago fiscal quarter’s level, while acquisitions/divestitures contributed 0.8% and foreign currency translation had a positive impact of 4.1%.
Revenues from Medical and Fluid Solutions amounted to $212.9 million, up 5.0% from the year-ago fiscal quarter’s level. Organic sales increased 7.8% from the year-ago fiscal quarter’s level. Acquisitions/divestitures decreased sales by 3.9% while foreign currency translation had a positive impact of 1.1%.
Advanced Technology Solutions’ sales were $177.5 million, up 10.1% from the year-ago fiscal quarter’s figure. Organic sales increased 8.5% from the year-ago fiscal quarter’s level, while foreign currency translation had a positive impact of 1.6%.
Nordson’s Margin ProfileNordson’s cost of sales increased 9.0% from the year-ago fiscal quarter’s level to $336.8 million. Gross profit was $404.1 million, up 8.1% from the year-ago fiscal quarter’s level. The gross margin decreased 20 basis points (bps) to 54.5%.
Selling and administrative expenses increased 0.8% year over year to $206.9 million. EBITDA was $235.2 million (up 8% year over year), the margin being 32%. Operating profit was $197.2 million, up 16.9% year over year. Operating margin of 26.6% was up 190 bps from the year-ago quarter.
Net interest expenses totaled $21.6 million, reflecting a 17.1% decrease from the year-ago fiscal quarter’s level.
Nordson’s Balance Sheet & Cash FlowAt the time of exiting the second quarter of fiscal 2026, Nordson’s cash and cash equivalents were $102.0 million compared with $108.4 million recorded at the end of fiscal 2025. Long-term debt was $1.84 billion compared with $1.68 billion recorded at the end of fiscal 2025.
In the first six months of fiscal 2026, NDSN generated net cash of $321.1 million from operating activities, up 15.4% from the last fiscal year period’s tally. Capital invested in purchasing property, plant and equipment totaled $27.7 million, down 26% from the year-ago fiscal period.
NDSN’s Dividends/Share BuybackIn the first three months of fiscal 2026, Nordson paid out dividends of $45.8 million, up 2.7% from $44.6 million in the previous fiscal year period.
Treasury purchase shares amounted to $86 million, up from $43.1 million in the year-ago period.
In the first six months of fiscal 2026, Nordson paid out dividends of $91.6 million, up 3.0% from $88.9 million in the previous fiscal year period.
Treasury purchase shares amounted to $129.3 million, down 11.6% from $146.3 million in the year-ago period.
NDSN’s OutlookFor fiscal 2026 (ending October 2026), NDSN has increased its guidance. The company now projects sales to be in the range of $2.93-$3.01 billion compared with $2.86-$2.98 billion expected earlier. Nordson expects adjusted earnings of $11.30-$11.80 per share compared with $11.00-$11.60 anticipated before.
For third-quarter fiscal 2026 (ending July 2026), it expects to generate sales in the band of $760-$790 million, with adjusted earnings of $2.95-$3.15 per share.
NDSN Zacks RankThe company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other CompaniesGraco Inc. (GGG - Free Report) posted quarterly earnings of 66 cents per share in the first quarter of 2026, missing the Zacks Consensus Estimate of 75 cents per share. This compares with earnings of 70 cents per share a year ago.
Graco posted revenues of $540.1 million for the quarter, missing the Zacks Consensus Estimate by 3.5%. This compares with year-ago revenues of $528.3 million.
Stanley Black & Decker, Inc. (SWK - Free Report) reported first-quarter 2026 adjusted earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 61 cents. The bottom line increased 6.7% year over year.
Stanley Black’s net sales of $3.85 billion beat the consensus estimate of $3.74 billion. The top line increased 2.7% from the year-ago quarter.
Ingersoll Rand Inc. (IR - Free Report) reported first-quarter 2026 adjusted earnings of 77 cents per share, which surpassed the Zacks Consensus Estimate of 74 cents. The bottom line increased 7% year over year.
Total revenues of $1.85 billion beat the consensus estimate of $1.83 billion. The top line increased 7.6% year over year.
Nordson Corp (NDSN) Q2 2026 Earnings Call Highlights: Record Sales and Strategic Acquisitions Propel Growth Nordson Corp (NDSN) reports an 8% revenue increase and strategic acquisition, while navigating inflationary pressures and operational challenges. Summary
Revenue: Record sales of $741 million, an 8% increase over the prior year.Organic Growth: 7% overall organic growth.EBITDA: $235 million, representing 32% of sales, a second quarter record.Adjusted Earnings Per Share (EPS): $2.86, an 18% increase from the prior year.Free Cash Flow: $170 million, with a conversion rate over 100% of net income.Net Income: GAAP net income of $117 million or $2.09 per share.Industrial Precision Solutions Sales: $350 million, a 10% increase from the prior year.Medical and Fluid Solutions Sales: $213 million, a 5% increase from the prior year.Advanced Technology Solutions Sales: $178 million, a 10% increase from the prior year.Net Debt: Approximately $1.8 billion with a leverage ratio of 1.9 times.Acquisition: Acquired CapstanAG, valued at 9 times adjusted EBITDA.
Release Date: May 21, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points Nordson Corp NDSN reported record sales of $741 million for the second quarter, marking an 8% increase over the prior year.The company achieved a record EBITDA of $235 million, representing 32% of sales, and an 18% increase in adjusted earnings per share to $2.86.Nordson Corp (NDSN) maintained a strong free cash flow of $170 million, with a conversion rate over 100% of net income.The acquisition of CapstanAG is expected to enhance Nordson's precision agriculture portfolio, providing growth opportunities in North America.All three business segments contributed to organic growth, with notable strength in the Advanced Technology Solutions segment, which achieved an all-time quarterly record in sales and EBITDA margin. Negative Points The EBITDA margin as a percent of sales remained flat year-over-year, indicating challenges in achieving margin expansion.The company faced a one-time $24 million pretax charge due to a pension settlement transaction, impacting non-GAAP earnings.There were $10 million in noncash mark-to-market charges for minority investments, reflecting fluctuations in investment value.The Medical and Fluid Solutions segment experienced slightly compressed EBITDA margins due to near-term product start-up headwinds.Nordson Corp (NDSN) operates in an inflationary environment, which has impacted incremental EBITDA contribution and poses challenges for margin expansion. Q & A Highlights Q: On the medical side, should we assume that growth is now sustainably on track to deliver as historically advertised? Can you provide more detail on the interventional product headwind?
A: Yes, the medical product lines are tracking towards normalized growth, with 8% growth in the quarter. The interventional product headwind is due to a regulatory-required material change causing operational inefficiencies, which is a short-term issue we are addressing. We expect to return to normal growth rates of 6% to 8%.
Q: Can you review Nordson's positioning in the semiconductor business and views on cycle durability?
A: The ATS segment shows strong backlog growth due to diversification in customer base and product lines, including test and inspection. We are in the early stages of the cycle, with over 50% of the business in semiconductors. We are innovating in technologies like panel-level packaging and optical fibers, which are crucial for AI infrastructure.
Q: Can you discuss the industrial segment's growth and margin trends, and how you see this playing out in the second half?
A: The Industrial Precision Solutions segment returned to normalized growth with 4% organic growth. We are focused on market growth while maintaining margins. Inflationary pressures are being managed through selective pricing and cost actions. We aim to maximize growth while maintaining margin performance.
Q: What are the moving pieces in the guidance, including revenue assumptions and acquisition impacts?
A: FX will be neutral in the second half, and the net impact of M&A is a slight negative of roughly 1%. We have high confidence in our midpoint outlook, with accelerated demand in recent months. The backlog is strong across all segments, contributing to increased guidance.
Q: Can you elaborate on the ATS order strength and the broadening of technology from electronics dispense to test and inspection?
A: ATS backlog is up significantly, contributing to the overall 18% increase. The strength is currently in dispense businesses, but we see similar demand levels in test and inspection. The segment now covers a broader set of applications and technologies, supporting robust market growth.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
On May 21, 2026, Nordson Corp NDSN shares rose 3.8% today, bringing the current price to $286.77. The stock has experienced a significant price movement, trading within a 52-week range of $191.99 to $305.28.
GF Value™ verdict: Current price is $286.77, which is 11.4% overvalued compared to the GF Value™ of $257.50.GF Score™ of 93/100 indicates a strong overall performance.Most notable signal: Insider activity shows that insiders sold $22.6M in shares over the last 3 months, with no buying reported. Is NDSN Overvalued or Undervalued? The current price of Nordson Corp NDSN at $286.77 is above the GF Value™ estimate of $257.50, indicating that the stock is overvalued by approximately 11.4%. This situation suggests a potential risk for investors considering an entry point at this valuation. The GF Valuation label categorizes the stock as "Modestly Overvalued," which further emphasizes the caution needed when evaluating the investment.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The current overvaluation may present a risk for investors, as a correction could occur if market conditions shift or if the company fails to meet growth expectations. However, for those already holding the stock, the strong price momentum observed in recent months may provide some reassurance, albeit with the caveat of potential volatility ahead.
How Does NDSN's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 31.0x 28.0x Forward P/E 25.1x N/A The current P/E (TTM) of 31.0x is 10% above Nordson Corp's 5-year median P/E of 28.0x. Additionally, the forward P/E of 25.1x indicates that future earnings are expected to be somewhat more favorable. This P/E analysis supports the GF Value™ verdict of overvaluation, as the stock is trading above its historical valuation levels, suggesting that current prices may not be justified by the company's earnings potential.
What Does NDSN's GF Score™ Tell Us? Metric Rating GF Score™ 93 Financial Strength 6/10 Profitability 9/10 Growth 9/10 Valuation 7/10 Momentum 10/10 The GF Score™ of 93/100 indicates that Nordson Corp possesses a strong overall profile, especially in terms of Profitability (9/10) and Growth (9/10). The highest score is in Momentum (10/10), reflecting the recent strong price performance. However, the Financial Strength score of 6/10 is relatively weaker, suggesting some areas for improvement. Overall, while the company shows robust profitability and growth potential, the mixed signals in financial strength and valuation warrant careful consideration.
What Are Insiders Doing with NDSN Stock? In recent months, insider activity has been notable, with insiders selling a total of $22.6 million in shares and no reported buying. This pattern of selling may indicate a lack of confidence from insiders regarding the current share price or future performance prospects. Such actions can serve as a cautionary signal for potential investors, highlighting the importance of monitoring insider activity as part of a comprehensive investment analysis.
What This Means for Investors Based on the analysis above, Nordson Corp NDSN is currently considered overvalued with a GF Value™ estimate indicating a significant premium to its intrinsic value. The combination of high valuation metrics and recent insider selling patterns suggests that potential investors may need to exercise caution when considering an entry point at this time.
For the complete analysis, visit the Nordson Corp NDSN stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is NDSN's GF Score™?
Nordson Corp's GF Score™ is 93/100, indicating a strong overall performance that suggests potential for higher long-term returns.
Is NDSN overvalued or undervalued?
Nordson Corp is currently overvalued, with a GF Value™ estimate indicating a premium of 11.4% over its intrinsic value.
What is NDSN's P/E ratio?
Nordson Corp's P/E (TTM) is 31.0x, which is 10% above its historical median of 28.0x, indicating that the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq: NDSN) today announced that its Board of Directors declared a fiscal year 2026 third quarter cash dividend in the amount of $0.82 per common share, payable on July 6, 2026, to shareholders of record as of the close of business on June 18, 2026.
This amount equals the $0.82 per common share dividend paid in the second quarter of fiscal year 2026.
Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/nordson.
