Nordson: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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WESTLAKE, Ohio (AP) — WESTLAKE, Ohio (AP) — Nordson Corp. (NDSN) on Wednesday reported fiscal first-quarter net income of $109.6 million.

On a per-share basis, the Westlake, Ohio-based company said it had net income of $1.90. Earnings, adjusted for one-time gains and costs, came to $2.21 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.

The maker of adhesives and industrial coatings posted revenue of $633.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $630.2 million.

For the current quarter ending in April, Nordson expects its per-share earnings to range from $2.20 to $2.35.

The company said it expects revenue in the range of $645 million to $670 million for the fiscal second quarter.

Nordson expects full-year earnings in the range of $10 to $10.50 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDSN at https://www.zacks.com/ap/NDSN

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