Nordson Posts Record Q2 $741M Sales, Raises Full-Year Sales to $2.93-$3.01B
Nordson reported record Q2 sales of $741 million, up from $683 million, driven by 7% organic growth and a 3% currency tailwind, while adjusted EPS rose 18% to $2.86. The company raised full-year sales guidance to $2.93–3.01 billion and adjusted EPS to $11.30–11.80.
1. Record Q2 Financial Performance
Nordson delivered a second quarter record with $741 million in sales, up 8.5% year-over-year, and net income of $117 million, or $2.09 per diluted share. Adjusted earnings per share climbed 18% to $2.86, while EBITDA reached a quarterly high of $235 million, representing 32% of sales.
2. Segment Highlights
Industrial Precision Solutions sales hit $350 million, up 10% on a 5% organic increase and 4% currency benefit; Medical and Fluid Solutions sales rose 5% to $213 million on 8% organic growth; Advanced Technology Solutions sales grew 10% to $178 million, driven by an 8% organic increase in electronics dispense systems.
3. Full-Year Guidance Increase
Backlog rose 18% year-over-year, prompting Q3 sales guidance of $760–790 million and adjusted EPS of $2.95–3.15. Full-year sales projections were lifted to $2.93–3.01 billion, with adjusted earnings forecast at $11.30–11.80 per diluted share, reflecting continued market momentum.
4. Strategic Acquisition Bolsters Precision Agriculture
On March 16, Nordson acquired CapstanAG Systems, adding a precision agriculture platform that expands its footprint with mid-tier OEMs in North America and complements its existing industrial solutions, positioning the company for incremental growth in the agricultural segment.