Nordson's (NDSN) Q2 Earnings And Revenues Miss, Down Y/Y
Zacks Investment Research | May 20, 2019 09:41PM ET
Nordson Corporation’s (NASDAQ:NDSN) second-quarter of fiscal 2019 (ended Apr 30, 2019) earnings lagged expectations, the negative earnings surprise being 3.1%. This was the third consecutive quarter of weaker-than-expected results.
Adjusted earnings, excluding one-time charges and gains, were $1.54 per share, missing the Zacks Consensus Estimate of $1.59. Also, the bottom line decreased 1.3% from the year-ago figure of $1.56 primarily due to decline in sales, increase in cost of sales, and higher interest expenses.
Forex Woes Affect Revenues
In the reported quarter, Nordson’s net sales were $551.1 million, decreasing 0.5% year over year. The top line suffered from 4% adverse impact of unfavorable movements in foreign currencies, partially offset by 3% increase in organic volume. Further, the top line missed the Zacks Consensus Estimate of $556.7 million.
At the reported quarter end, backlog was $436 million, down 2% year over year.
Nordson Corporation Price, Consensus and EPS Surprise
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