Nordson Corp

NDSN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$621.00	Gjsbtl	Gbcggzq

Nordson Earnings: Headwinds in Semiconductor and Biopharma End Markets Weigh on Revenue Growth

Krzysztof Smalec

Aug 22, 2023

Narrow-moat-rated Nordson’s fiscal third-quarter adjusted EPS declined by 6% from the prior-year period, from $2.49 to $2.35, as the firm continued to face headwinds in the semiconductor and biopharma end markets. We’ve maintained our $237 fair value estimate, as our slightly more muted near-term revenue growth projections were offset by time value of money.

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