Nordson's (NDSN) Q1 Earnings And Revenues Miss Estimates
Zacks Investment Research | Feb 20, 2020 07:56AM ET
Nordson Corporation (NASDAQ:NDSN) reported weaker-than-expected first-quarter fiscal 2020 (ended Jan 31, 2020) results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
Adjusted earnings, excluding one-time charges and gains, were 89 cents per share, missing the consensus estimate of $1.05. Also, the bottom line decreased 3.3% from the year-ago figure of 92 cents, primarily on account of to lower sales.
Inside the Headlines
In the reported quarter, Nordson’s sales were $494.9 million, declining 0.6% year over year. The decline was attributable to about 1% decrease in organic volume and 1% adverse impact of unfavorable movements in foreign currencies. Revenues missed the Zacks Consensus Estimate of $499 million. At the quarter end, backlog was $430 million, down 1% year over year.
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