AP NEWS
ADVERTISEMENT
Related topics

Nordson: Fiscal 4Q Earnings Snapshot

December 15, 2020 GMT

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.

ADVERTISEMENT

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDSN at https://www.zacks.com/ap/NDSN