NDSN: Modest Upside to Estimates as Growth Starts to Inflect

研报英文原文证据摘录

NDSN: Modest Upside to Estimates as Growth Starts to Inflect

Electrical Equipment & Multi-Industry

Industrial Technology - Market Weight

NORDSON CORPORATION (NDSN) May 24, 2026

NDSN: Modest Upside to Estimates as Growth Starts to Rating:

Inflect Peer Perform

Price:

$289.90

The Wolfe Byte Price Target:

NDSN modestly outperformed following another beat/raise quarter. The EPS NA

momentum was expected as the company previously alluded to confidence in the View NDSN Model

View Comp Tableupper half of the guide, but the raised guide embeds some conservatism assuming

order levels remain consistent. Company Information

52-Week Range $193 - $299

Market Cap. (MM) $16,153

As we highlighted in our Comments Ahead of the Call (LINK), NDSN reported a Enterprise Value (MM) $18,135

$0.01 beat at the EBITDA line vs. our model, driven by upside to ATS revenue and Shares Out. (MM) 55.7

Avg. Value Traded (MM) $213.63

margins, partially offset by higher corporate expense. EBITDA was 13% above our SI% of Float 2.3%

model in ATS and in line with our model in IPS and MFS. Organic growth of +6.6%

was well above our +4.2% estimate, with upside to our model in each segment. 320

FY26 guidance midpoint was raised by $50m on the top line and $0.25 on the 300

bottom line, slightly better than our expectation. 280 260

Backlog trends remain strong at +18% Y/Y, and current order patterns give 240

the company confidence in the upper half of the raised guidance range. The 220200

messaging is that it would require a meaningful deterioration in order entry levels 180

in order for the low end of the FY26 outlook to be a possibility (we note there has Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26

been no evidence to date to suggest such a deterioration).