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Nordson Corporation (NDSN) Beats on Q2 Earnings, Revenues
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Nordson Corporation (NDSN - Free Report) reported better-than-expected results for second-quarter fiscal 2018 (ended April 2018).
Earnings/Revenues
Adjusted earnings in the fiscal second quarter came in at $1.56, surpassing the Zacks Consensus Estimate of $1.42. The bottom line also exceeded the year-ago tally of $1.35 per share.
Net sales in the reported quarter came in at $553.7 million, outpacing the Zacks Consensus Estimate of $550 million. The top line also came in higher than the year-ago tally of $496.1 million. The uptick primarily stemmed from acquisition benefits and favorable foreign currency-translation impact.
Segmental Breakdown
Revenues of Adhesive dispensing systems came in at $69.5 million in the quarter, up 5.8% year over year.
Sales of Advanced technology systems were up 7.4% year over year to $58.3 million.
Industrial coating systems generated revenues worth $11.6 million in the reported quarter, up 12.9% year over year.
Costs/Margins
Cost of sales in the quarter was $246.9 million, up 11.9% year over year. Selling & administrative expenses came in at $180.1 million, up from $172 million recorded in the year-ago quarter.
Operating margin in the fiscal second quarter was 22.9%, up 200 basis points year over year.
Balance Sheet/Cash Flow
Exiting the fiscal second quarter, the company had cash and marketable securities worth $155.9 million, up from $90.4 million recorded at the end of fiscal 2017. Long-term debt was $1,312.5 million, up from $1,256.4 million reported as of Oct 31, 2017.
In the first half of fiscal 2018, this Zacks Rank #2 (Buy) company generated $212.3 million cash from operating activities, up 47.2% year over year. Capital expenditures in the first six months of the fiscal year reached $33 million, up from $27 million recorded in the year-ago period.
Outlook
For third-quarter fiscal 2018, Nordson anticipates its sales to lie in the range of up 1% to down 3%. Also, earnings per share in Q3 are projected at $1.47-$1.63 per share.
Axon Enterprise, Inc. sports a Zacks Rank of #1 (Strong Buy). The company pulled off an outstanding average positive earnings surprise of 330%, over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Acco Brands Corp. (ACCO - Free Report) holds a Zacks Rank of #2. The company came up with an average positive earnings surprise of 11.06%, over the preceding four quarters.
Altra Industrial Motion Corp. also carries a Zacks Rank #2. The company recorded an average positive earnings surprise of 5.06%, during the same time frame.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Nordson Corporation (NDSN) Beats on Q2 Earnings, Revenues
Nordson Corporation (NDSN - Free Report) reported better-than-expected results for second-quarter fiscal 2018 (ended April 2018).
Earnings/Revenues
Adjusted earnings in the fiscal second quarter came in at $1.56, surpassing the Zacks Consensus Estimate of $1.42. The bottom line also exceeded the year-ago tally of $1.35 per share.
Net sales in the reported quarter came in at $553.7 million, outpacing the Zacks Consensus Estimate of $550 million. The top line also came in higher than the year-ago tally of $496.1 million. The uptick primarily stemmed from acquisition benefits and favorable foreign currency-translation impact.
Segmental Breakdown
Revenues of Adhesive dispensing systems came in at $69.5 million in the quarter, up 5.8% year over year.
Sales of Advanced technology systems were up 7.4% year over year to $58.3 million.
Industrial coating systems generated revenues worth $11.6 million in the reported quarter, up 12.9% year over year.
Costs/Margins
Cost of sales in the quarter was $246.9 million, up 11.9% year over year. Selling & administrative expenses came in at $180.1 million, up from $172 million recorded in the year-ago quarter.
Operating margin in the fiscal second quarter was 22.9%, up 200 basis points year over year.
Balance Sheet/Cash Flow
Exiting the fiscal second quarter, the company had cash and marketable securities worth $155.9 million, up from $90.4 million recorded at the end of fiscal 2017. Long-term debt was $1,312.5 million, up from $1,256.4 million reported as of Oct 31, 2017.
In the first half of fiscal 2018, this Zacks Rank #2 (Buy) company generated $212.3 million cash from operating activities, up 47.2% year over year. Capital expenditures in the first six months of the fiscal year reached $33 million, up from $27 million recorded in the year-ago period.
Outlook
For third-quarter fiscal 2018, Nordson anticipates its sales to lie in the range of up 1% to down 3%. Also, earnings per share in Q3 are projected at $1.47-$1.63 per share.
Other Stocks to Consider
Some other top-ranked stocks in the Zacks Industrial Products sector are listed below:
Axon Enterprise, Inc. sports a Zacks Rank of #1 (Strong Buy). The company pulled off an outstanding average positive earnings surprise of 330%, over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Acco Brands Corp. (ACCO - Free Report) holds a Zacks Rank of #2. The company came up with an average positive earnings surprise of 11.06%, over the preceding four quarters.
Altra Industrial Motion Corp. also carries a Zacks Rank #2. The company recorded an average positive earnings surprise of 5.06%, during the same time frame.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>