Company Reports

All Reports

Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

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.
Stock Analyst Note

Narrow-moat-rated Nordson’s fiscal second-quarter sales of $651 million and adjusted earnings per share of $2.34 were both within management’s guidance. However, management lowered its full-year outlook due to continued headwinds in the advanced technology solutions segment, sending the shares down more than 9% in intraday trading on May 21. We’ve lowered our fair value estimate to $233 per share from $240 to reflect our more muted near-term revenue growth outlook, partially offset by the time value of money.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions that perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

Narrow-moat-rated Nordson's fiscal first-quarter adjusted EPS of $2.21 came in above management's $2.00-$2.10 guidance range, thanks to strong incremental margins driven by favorable mix shift and factory efficiencies. While nothing in Nordson's fiscal first-quarter earnings release materially alters our long-term thesis, we've modestly raised our fair value estimate to $240 from $238 due to time value of money.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

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.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

Narrow-moat-rated Nordson’s fiscal third-quarter adjusted EPS declined by 6% from the prior-year period, from $2.49 to $2.35, as the firm continued to face headwinds in the semiconductor and biopharma end markets. We’ve maintained our $237 fair value estimate, as our slightly more muted near-term revenue growth projections were offset by time value of money.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

We do not expect any significant change to our $237 fair value estimate or our Standard capital allocation rating for narrow-moat-rated Nordson after the company announced the acquisition of ARAG Group. The all-cash transaction implies a EUR 960 million enterprise value for ARAG, which reflects a multiple of around 16.5 times 2023 EBITDA (and 13.5 times 2025 EBITDA including synergies). Nordson expects the deal to close in its fiscal fourth quarter.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.
Stock Analyst Note

We are lowering our fair value estimate for narrow-moat-rated Nordson to $235 from $239 after the company reported its fiscal first-quarter earnings. Nordson’s adjusted EPS of $1.95 decreased by roughly 6% from $2.07 in the prior-year period, as the company grappled with foreign currency headwinds as well as a surge in COVID-19 cases in China. Our fair value reduction reflects our slightly more muted near-term revenue growth and operating margin projections, partially offset by time value of money.
Company Report

Nordson is a leading manufacturer of equipment used for dispensing adhesives, coatings, sealants, and other materials. The company enjoys strong market share across its business lines, and its products are often used in niche applications where competition is limited. Nordson differentiates itself by offering highly engineered and customizable solutions which perform a mission-critical role in a customer’s manufacturing process.

Sponsor Center