Nordson: Fiscal 4Q Earnings Snapshot
WESTLAKE, Ohio (AP) _ Nordson Corp. (NDSN) on Tuesday reported fiscal fourth-quarter net income of $18.5 million.
On a per-share basis, the Westlake, Ohio-based company said it had profit of 31 cents. Earnings, adjusted for one-time gains and costs, were $1.59 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The maker of adhesives and industrial coatings posted revenue of $558.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $558.3 million.
For the year, the company reported profit of $249.5 million, or $4.27 per share. Revenue was reported as $2.12 billion.
Nordson shares have increased 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $201.91, a climb of 23% in the last 12 months.