Nordson (NAS: NDSN) reported earnings on Aug. 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q3), Nordson beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins improved, net margins dropped.
Nordson booked revenue of $379.9 million. The seven analysts polled by S&P Capital IQ expected a top line of $357.3 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $312.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.06. The nine earnings estimates compiled by S&P Capital IQ predicted $0.99 per share. GAAP EPS of $1.03 for Q3 were 26% higher than the prior-year quarter's $0.82 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.8%, 140 basis points worse than the prior-year quarter. Operating margin was 25.9%, 70 basis points better than the prior-year quarter. Net margin was 17.6%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $417.6 million. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $1.39 billion. The average EPS estimate is $3.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 155 members out of 163 rating the stock outperform, and eight members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Nordson a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordson is outperform, with an average price target of $62.60.
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The article Nordson Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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