Nordson CorporationNDSN
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Q2 revenue and EPS beat estimates, and full-year guidance raised.
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Semiconductors
Nordson CorporationNordson reported second-quarter revenue of $817.7 million, up 10.3% year over year and ahead of analyst estimates of $780.2 million, prompting the company to lift its full-year revenue guidance to $3.06 billion at the midpoint, a 2.9% increase. Adjusted EPS of $3.25 beat consensus by 5%, and management raised full-year adjusted EPS guidance to $11.90 at the midpoint. Growth was broad-based, with record sales in Advanced Technology Solutions and Medical and Fluid Solutions, and backlog up 35% year over year. CEO Sundaram Nagarajan cited the Ascend Strategy and strong semiconductor and medical demand, while CFO Dan Hopgood noted leverage down to 1.7x and disciplined capital allocation for potential acquisitions.
Nordson CorporationQ2 revenue and EPS beat estimates, and full-year guidance raised.