Nordson (NDSN) Q1 2026 earnings summary

Executive summary

• Achieved record first quarter sales of $669.5 million, up 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 $133.4 million, or $2.38 per diluted share, a 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, with strong cash flow performance.

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

Financial highlights

• Net sales: $669.5 million, up from $615.4 million year-over-year, with 7% organic growth and a 4% positive currency impact, partially offset by a small divestiture.

• Adjusted operating profit grew 10% to $166.4 million; EBITDA margin held at 30% despite mix headwinds.

• Net income was $133.4 million ($2.38 per share); adjusted EPS was $2.37, up 15% year-over-year.

• Gross margin was 54.7%, nearly flat compared to 54.6% in the prior year.

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

Outlook and guidance

• Second quarter 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 (up 4.5% at midpoint); adjusted EPS guidance increased to $11–$11.60 (up 10% at midpoint).

• Backlog grew approximately 4% year-over-year, with strong order entry trends, especially in ATS.

• Guidance assumes continued electronics momentum and modest improvement in industrial/automotive; lower end assumes potential demand pullback in H2.