Nordson Corporation (NDSN) Q3 2026: Record Sales and Earnings Growth — Strong Momentum Ahead

Nordson Corporation (Nasdaq: NDSN) reported impressive results for its fiscal third quarter ended July 31, 2026, achieving record sales and earnings. The company’s sales reached an all-time quarterly high of $818 million, marking an increase of $76 million or 10% compared to the prior year’s third quarter sales of $742 million. This performance reflects the continued strength in demand across all segments, with a notable backlog increase of 35% year-over-year.

Key Financial Metrics:

• Sales: $818 million, up $76 million or +10% YoY (from $742 million)
• Earnings per diluted share: $2.73, up $0.51 or +23% YoY (from $2.22)
• Adjusted earnings per diluted share: $3.25, up $0.52 or +19% YoY (from $2.73)
• Net income: $153 million, up $27 million or +21% YoY (from $126 million)
• EBITDA: $262 million, up $23 million or +10% YoY (from $239 million)

Analyst View

This quarter is undoubtedly a positive outcome for shareholders, showcasing Nordson's ability to drive growth and profitability even in a competitive environment. The record sales and earnings per share indicate robust operational execution and effective strategic initiatives. The increase in backlog further suggests that demand remains strong, positioning the company well for future growth.

Segment Performance

• Industrial Precision Solutions: Sales of $367 million, up 5% YoY, with EBITDA of $130 million (35% of sales).
• Medical and Fluid Solutions: Sales of $231 million, up 5% YoY, with EBITDA of $88 million (38% of sales).
• Advanced Technology Solutions: Sales of $220 million, up 28% YoY, with EBITDA of $66 million (30% of sales).

The Advanced Technology Solutions segment exhibited particularly strong growth, driven by demand in electronics dispense and test and inspection product lines, which is a promising sign for the company’s innovation capabilities.

Capital Management and Guidance

Nordson also announced an increase in its full-year guidance, projecting sales in the range of $3,035 million to $3,075 million and adjusted earnings per diluted share between $11.80 and $12.00. This upward revision reflects the company’s confidence in sustaining its growth momentum through the fourth quarter.

Shareholder Returns

The company continues to demonstrate its commitment to returning capital to shareholders, with dividends paid amounting to $137.4 million in the quarter. Additionally, Nordson has been active in share repurchases, purchasing $158.8 million worth of treasury shares, which enhances shareholder value.

Forward Catalyst

Investors should closely monitor Nordson's performance in the upcoming quarter, particularly how the company capitalizes on its strong backlog and demand momentum. The execution of its Ascend Strategy and the impact of new product innovations will be critical to sustaining growth. Furthermore, any updates on market conditions and operational efficiencies will be key indicators of the company's trajectory as it approaches the end of fiscal 2026.

In conclusion, Nordson Corporation's third quarter results reflect a strong operational performance and a positive outlook, making it an attractive proposition for investors looking for growth in the precision technology sector.

NORDSON CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(Dollars in thousands except for per-share amounts)

Note: All amounts are in thousands.

Three Months Ended	July 31, 2026	July 31, 2025	Nine Months Ended	July 31, 2026	July 31, 2025
Sales	$ 817,669	$ 741,390	$ 2,228,203	$ 2,039,935
Cost of sales	363,915	334,547	1,001,108	923,584
Gross profit	453,754	406,843	1,227,095	1,116,351
Gross margin %	55.5 %	54.8 %	54.9 %	54.7 %
Selling and admin exp	230,648	206,547	637,162	606,629
Divestiture and related charges	0	12,211	0	12,211
Operating profit	223,106	187,085	586,668	497,483
Interest expense net	-20,359	-25,446	-64,680	-77,335
Pension settlement charge	0	0	-24,000	0
Other expense net	-16,773	-2,914	-6,314	-5,380
Income before income tax	185,974	159,725	491,674	414,768
Income tax	33,093	33,359	88,038	81,909
Net income	$ 152,881	$ 125,366	$ 403,636	$ 332,859
Weighted-average shares used to compute net income per share, basic	55,714	56,426	55,757	56,784
Diluted	56,027	56,728	56,085	57,084
Earnings per share, basic	$ 2.74	$ 2.23	$ 7.24	$ 5.86
Diluted	$ 2.73	$ 2.22	$ 7.20	$ 5.83

NORDSON CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited)

(Dollars in thousands)

Note: All amounts are in thousands.

	July 31, 2026	October 31, 2025
Cash and cash equivalents	$ 113,431	$ 108,442
Receivables - net	648,827	587,843
Inventories - net	469,310	444,814
Other current assets	96,300	101,752
Total current assets	1,327,868	1,242,851
Property, plant and equipment - net	517,012	516,914
Goodwill	3,315,820	3,304,685
Other assets	787,220	853,231
	$ 5,947,920	$ 5,917,681
Short term debt and current maturities of long-term debt	$ 202,000	$ 315,000
Accounts payable and accrued liabilities	526,472	443,260
Total current liabilities	728,472	758,260
Long-term debt	1,529,005	1,681,254
Other liabilities	421,384	434,596
Total shareholders' equity	3,269,059	3,043,571
	$ 5,947,920	$ 5,917,681

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