Nordson Corp

NDSN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$377.00	Vyjys	Jyzwglfrb

Nordson: Maintaining $233 Fair Value Estimate After Atrion Acquisition Announcement

Krzysztof Smalec

May 29, 2024

We are maintaining our $233 fair value estimate for narrow-moat Nordson after the company announced an agreement to acquire Atrion, a publicly traded provider of medical infusion and cardiovascular solutions, for roughly $800 million. In 2023 Atrion generated $169 million in revenue and $39 million in EBITDA. Nordson expects the deal to close by the end of fiscal 2024.

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