Nordson Q4 Profit Declines; Issues Q1 Outlook - Quick Facts

(RTTNews) - Nordson Corp. (NDSN) Wednesday reported fourth-quarter net income of $59.8 million or $0.92 per share, compared to $67.7 million or $1.04 per share in the comparable quarter last year.

Adjusted earnings for the latest fourth quarter were $0.93 per share, down from $1.07 per share in the prior year quarter. On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.96 per share for the quarter. Analysts' estimates typically exclude special items.

Sales decreased 6% to $410.82 million from $438.68 million last year, while nine analysts expected revenues of $403.81 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.55 to $0.63 per share, with sales ranging between $362 million and $375 million. Analysts currently expect the company to earn $0.69 per share on first-quarter revenues of $360.75 million.