Nordson (NDSN) Q1 2026 earnings summary

Executive summary

• Achieved record first quarter sales of $669–$669.5 million, up 8.8–9% year-over-year, with 7% organic growth and broad-based segment contributions, especially from Advanced Technology Solutions (ATS) and strong Asia Pacific demand.

• Net income rose to $133–$133.4 million, or $2.38 per diluted share, a 40.9–44% increase year-over-year, benefiting from a non-cash gain on a minority technology investment.

• Adjusted EPS reached $2.37, up 15% from the prior year, exceeding guidance midpoint.

• EBITDA reached a record $203 million, representing 30% of sales, up 8% year-over-year.

• Backlog increased approximately 4% year-over-year, supporting a positive outlook.

Financial highlights

• Sales reached $669–$669.5 million, a 9% increase from $615–$615.4 million in the prior year; organic sales up 7%.

• Adjusted operating profit grew 10–18.1% to $166–$166.4 million; EBITDA margin held steady at 30%.

• Net income was $133–$133.4 million, or $2.38 per share; adjusted EPS was $2.37, up from $2.06 last year.

• Gross margin was 54.7%, nearly flat compared to the prior year.

• Free cash flow was $122.9–$123 million, with a conversion rate of 105% for the third consecutive quarter.

Outlook and guidance

• Q2 sales expected between $710 million and $740 million; adjusted EPS forecasted at $2.70–$2.90.

• Full-year sales guidance raised to $2.86–$2.98 billion, with adjusted EPS guidance increased to $11–$11.60.

• Guidance assumes continued electronics momentum, modest improvement in industrial and automotive, and is supported by increased backlog and order entry momentum.

• Full-year adjusted EPS expected to grow 7–13%, with midpoint at $11.30.