Nordson Corp

NDSN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$895.00	Rptq	Tpvqmbfs

Nordson Earnings: Strong Margins Despite Headwinds in the Biopharma and Semiconductor End Markets

Krzysztof Smalec

Dec 14, 2023

Narrow-moat-rated Nordson ended its fiscal 2023 on a solid note, as its full-year revenue of $2,629 million and adjusted EPS of $9.03 both came in above our estimates of $2,622 million and $9.00, respectively. After rolling our model forward one year, we’ve raised our fair value estimate to $238 from $237, mostly due to time value of money.

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