Nordson Corp

NDSN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$528.00	Cnkqvly	Zcvfynv

Nordson Earnings: Organic Sales Grow 1% Despite Headwinds in Semiconductor and Biopharma End Markets

Krzysztof Smalec

May 23, 2023

Narrow-moat Nordson posted solid fiscal second-quarter results, featuring a nearly 18% year-over-year increase in adjusted EPS, from $1.88 to $2.21. While nothing in the earnings release materially alters our long-term outlook, we've bumped our fair value estimate up to $237 from $235 due to time value of money.

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