Nordson Q1 Profit Declines; Issues Q2 Outlook

(RTTNews) - Nordson Corp. (NDSN) Tuesday reported first-quarter net income of $34.9 million or $0.54 per share, compared to $42.0 million or $0.65 per share in the comparable quarter last year.

Adjusted earnings for the latest first quarter were $0.56 per share, down from $0.62 per share in the prior year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Sales rose 4% to $359.42 million from $247.04 million last year, while nine analysts expected revenues of $368.78 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.85 to $0.94 per share, with sales ranging between 5 percent to 9 percent. Analysts currently expect the company to earn $0.94 per share on second-quarter revenues of $409.96 million.