Nordson Guides FY21 In Line With Estimates - Quick Facts

While reporting financial results for the first quarter on Monday, Nordson Corp. (NDSN) initiated its earnings and sales growth guidance for the full-year 2021, based on the backlog and order entry trend, as well as the correlation to sales timing.

For fiscal 2021, the company now projects earnings in a range of $6.30 to $6.70 per share on sales growth of 4 to 6 percent, inclusive of a 3 percent headwind from the screws and barrels product line divestiture.

On average, 10 analysts polled by Thomson Reuters expect the company to report earnings of $6.47 per share on sales growth of 5.6 percent to $2.24 billion for the year. Analysts' estimates typically exclude special items.

On February 1, the company completed the divestiture of the screws and barrels product line as part of an important strategic portfolio realignment that will lead to improved profitability.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines is set to resume flights on its routes between the U.S. and Japan from October 30, 2002 in anticipation of easing of COVID-19-related travel restrictions, which were put in place two years ago. The airline joins American Airlines and United Airlines, who have reportedly announced the resumption of flights to Japan. Tech major Apple Inc. has asked corporate employees to return to offices at least three days a week by September 5, Bloomberg reported. The latest deadline was issued following several delays to its previous deadlines amid a resurgence in COVID-19 cases. As per the report, the company will require employees to work from offices on Tuesdays, Thursdays and a regular third day to be determined by... Retail giant Walmart reported Tuesday a net profit for the second quarter that grew 20.4 percent from last year, reflecting lower operating expenses and partially inflation driven revenue growth. The results were also driven by the rebound in international markets. Quarterly revenues topped analysts' expectations. The retailer also raised its adjusted earnings guidance for the full-year 2023.
Follow RTT