Nordson Corporation reported first‑quarter 2026 revenue of $669 million, up 9% year‑over‑year and 7% organically, beating the consensus estimate of $650.83 million. Diluted earnings per share were $2.38, while adjusted EPS was $2.37, a $0.01 (0.42%) beat on the consensus estimate of $2.36. The quarter’s results followed a Q4 2025 revenue of $752 million and an adjusted EPS of $3.03, and a Q1 2025 revenue of $615 million with an adjusted EPS of $2.06, underscoring a clear acceleration in top‑line growth and a narrowing of the earnings gap relative to the prior year.
Advanced Technology Solutions (ATS) generated $149 million in sales, a 23% year‑over‑year increase and 21% organic growth, driven by robust demand in semiconductor‑backed electronics. Industrial Precision Solutions (IPS) delivered $327 million, up 9% year‑over‑year and 3% organically, while Medical and Fluid Solutions (MFS) posted $193 million, flat year‑over‑year but 3% organic growth. The divestiture of the contract‑manufacturing business had a 4% negative impact on MFS sales.
Free cash flow for the quarter was $123 million, representing a 105% conversion of operating cash flow. Net debt fell by $100 million, and the company repurchased $212 million of shares year‑to‑date. EBITDA reached $203 million, or 30% of sales, slightly below the 31% margin reported in the prior year, reflecting a mix shift toward higher‑margin segments.
Nordson raised its full‑year 2026 guidance to sales of $2.86 billion–$2.98 billion and adjusted EPS of $11.00–$11.60, up from the previous $2.70 billion–$2.80 billion and $10.50–$11.00 range. Management said, "Our proprietary technology portfolio, close to the customer business model and Ascend strategy have positioned us well to win in our inflecting end markets, particularly in the semiconductor space. We delivered organic growth in all our segments, and the strong first quarter performance has set the stage for fiscal 2026." It added, "We entered 2026 optimistic about end market demand trends." The company’s guidance reflects confidence in continued momentum in semiconductor‑backed electronics, a healthy backlog, and a higher‑margin mix.
The company’s Ascend strategy, launched in 2021, continues to drive higher‑margin, recurring‑revenue growth, and the management’s comments underscore the strategic focus on innovation, delivery, and customer needs as key drivers of the quarter’s performance.
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