Nordson Results Top Estimate; Q1 Outlook Weak

(RTTNews) - Nordson Corp (NDSN), a maker of precision dispensing equipment, Thursday reported fourth-quarter net earnings of $72 million or $1.13 per share compared with $59.8 million or $0.92 per share last year.

Excluding items, adjusted earnings for the quarter were $1.15 per share compared with $0.93 per share a year ago.

On average, 13 analysts polled by Thomson Reuters estimated earnings of $1.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 14 percent at $468.6 million compared with $410.8 million in the prior year. Analysts estimated revenues of $459.3 million for the quarter.

For the first quarter, the company expects net earnings of $0.60 to $0.70 per share, inclusive of a $0.01 per share short term purchase accounting charge; and revenue growth of 5 to 9 percent.

Analysts expect earnings of $0.73 per share on revenue growth of 8.4 percent for the quarter.