UPDATE: Nordson Corp. (NDSN) Misses Q3 EPS by 9c; Guides Q4 EPS Below Expectations

(Updated - August 20, 2015 4:41 PM EDT)

Nordson Corp. (NASDAQ: NDSN) reported Q3 EPS of $1.16, $0.09 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $463 million versus the consensus estimate of $476.28 million.

“Nordson delivered excellent organic growth of 6 percent in the third quarter compared to the prior year in a macroeconomic environment that remained challenging,” said Nordson President and Chief Executive Officer Michael F. Hilton. “Unfavorable currency translation continued to be a significant headwind given the strength of the U.S. dollar, negatively impacting revenue by 7 percent as compared to the prior year. From an operating perspective, we leveraged sequential revenue growth to generate operating margin of 22 percent in the third quarter, an increase of three percentage points compared to the second quarter. Earnings per share were impacted by one-time items related to operational and customer service continuous improvement initiatives within certain Advanced Technology segment product lines. Our approach to capital deployment in the quarter remained balanced, as we distributed approximately $13 million in dividends, invested $49 million for the repurchase of shares, and closed on the acquisition of Liquidyn, a German manufacturer of micro-dispensing valves that will add to our fluid management offering within the Advanced Technology segment.”

Guidance:

Nordson Corp. sees Q4 2015 EPS of $1.00 - $1.12, versus the consensus of $1.23. The outlook includes a $0.01 per share short term purchase accounting charge related to the step-up in value of acquired inventory.

For earnings history and earnings-related data on Nordson Corp. (NDSN) click here.

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