Nordson Corporation Reports Record Third Quarter Fiscal 2026 Results and Increases Full Year Guidance

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Third Quarter Highlights:

• Sales were an all-time quarterly record of $818 million, an increase of 10% year-over-year
• Earnings per diluted share were a record $2.73, up 23% year-over-year
• Adjusted earnings per diluted share were $3.25, also a quarterly record and up 19% year-over-year
• Continued strength in demand with backlog up 35% compared to prior year
• Increasing full year guidance for sales and earnings

WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal third quarter ended July 31, 2026. Sales were a quarterly record of $818 million, an increase of 10% compared to the prior year’s third quarter sales of $742 million. The third quarter 2026 sales included an organic sales increase of approximately 12% driven by growth in all segments. Organic sales growth was partially offset by the net unfavorable impact of a prior year divestiture and an acquisition in the second quarter.

Net income was $153 million, or a record $2.73 of earnings per diluted share, compared to prior year’s third quarter net income of $126 million, or $2.22 of earnings per diluted share. Third quarter 2026 earnings included a non-cash loss on a minority investment recognized during the quarter. Excluding this item and acquisition-related amortization and costs, third quarter adjusted earnings per diluted share were a record $3.25, a 19% increase from the prior year adjusted earnings per diluted share of $2.73.

Third quarter EBITDA reached an all-time quarterly record of $262 million, or 32% of sales, an increase of 10% compared to prior year EBITDA of $239 million, also at 32% of sales.

Commenting on the Company’s fiscal 2026 third quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “The strong momentum of the first half continued through the third quarter, delivering results above the high-end of our most recent earnings guidance. The team’s strong execution of the Ascend Strategy, combined with our diversified portfolio, differentiated precision technology and operational excellence, positioned us to deliver record sales in all three segments while maintaining our best-in-class margin performance. In addition, strong free cash flow generation enabled us to further strengthen our balance sheet, return capital to shareholders, and continue investing in the business to support future growth. I want to thank our global employees for delivering on the needs of our customers and achieving another outstanding quarter.”

Third Quarter Segment Results

Record third quarter Industrial Precision Solutions sales of $367 million increased 5% from the prior year, inclusive of an organic sales increase of 3%, favorable currency translation of 1%, and an acquisition contribution of 1%. The organic sales increase was driven by strength in packaging, industrial coatings, polymer processing and nonwovens product lines. EBITDA in the quarter was $130 million, or 35% of sales, in line with prior year third quarter EBITDA of $130 million.

Medical and Fluid Solutions sales of $231 million, an all-time quarterly record, increased 5% compared to the prior year third quarter. Excluding the divestiture of the contract manufacturing business, organic sales increased 11%. The organic sales increase was driven by growth in engineered fluid solutions and medical product lines related to end market demand. EBITDA in the quarter was also a segment record $88 million, or 38% of sales, up 6% from the prior year third quarter EBITDA of $83 million.

Record quarterly Advanced Technology Solutions sales of $220 million increased 28% compared to the prior year third quarter, inclusive of an organic sales increase of 31% and unfavorable currency translation of 3%. The organic sales increase was driven by strong growth in electronics dispense and test and inspection product lines. EBITDA in the quarter was a segment record $66 million, or 30% of sales, up 58% from the prior year third quarter EBITDA of $42 million.

Outlook

The Company enters the fourth quarter with strong demand momentum and increased backlog, up 35% over the prior year.

Based on the continuing momentum of our end markets as evidenced by our backlog and order entry, the Company is increasing its full year guidance. Sales are now expected to be in the range of $3,035 to $3,075 million and adjusted earnings to be in the range of $11.80 to $12.00 per diluted share.

Reflecting on the full year outlook, Mr. Nagarajan said, “Based on backlog and order entry momentum, we expect the strong sales of the first nine months to continue through the fourth quarter. This puts us on track to achieve over $3 billion in annual revenue for the full year. We are delivering above-market organic growth through accelerating demand in key end markets. Our differentiated technology, close to the customer business model and the execution of the NBS Next growth framework have positioned us well to compound profitable growth this year and into the future.”

Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, August 20, 2026, at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com. Information about Nordson’s investor relations and shareholder services is available from Matt Matejka, senior director, investor relations at (440) 597-8495 or matthew.matejka@nordson.com.

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “could,” “expects,” “anticipates,” “believes,” “projects,” “forecasts,” “outlook,” “guidance,” “continue,” “target,” or the negative of these terms or comparable terminology. These statements reflect management’s current expectations and involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, U.S. and international economic and political conditions; financial and market conditions; currency exchange rates and devaluations; possible acquisitions and the Company’s ability to successfully integrate acquisitions; the Company’s ability to successfully divest or dispose of businesses that are deemed not to fit with its strategic plan; the effects of changes in U.S. trade policy and trade agreements, including changes in tariffs by the U.S. or other nations; the effects of changes in tax law; and the possible effects of events beyond our control, such as political unrest, including the conflicts in Europe and the Middle East, acts of terror, natural disasters and pandemics and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recently filed Annual Report on Form 10-K and in its Forms 10-Q filed with the Securities and Exchange Commission, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement in this press release.

Nordson Corporation is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. The Company’s direct sales model and applications expertise serve global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, the Company has operations and support offices in over 35 countries. Visit Nordson on the web at www.nordson.com or www.linkedin.com/company/nordson-corporation.

NORDSON CORPORATION SEGMENT INFORMATION (Unaudited) (Dollars in thousands)
	Three Months Ended														Nine Months Ended
	July 31, 2026							July 31, 2025							July 31, 2026							July 31, 2025
SALES
Industrial Precision Solutions	$	367,249						$	350,784						$	1,044,576						$	970,079
Medical and Fluid Solutions		230,538							219,465							636,571							615,883
Advanced Technology Solutions		219,880							171,260							546,828							453,905
Total sales	$	817,667						$	741,509						$	2,227,975						$	2,039,867
EBITDA
Industrial Precision Solutions	$	129,900			35	%		$	130,130			37	%		$	363,789			35	%		$	356,453			37	%
Medical and Fluid Solutions		88,291			38	%			83,153			38	%			237,690			37	%			224,023			36	%
Advanced Technology Solutions		65,695			30	%			41,546			24	%			146,622			27	%			103,833			23	%
Corporate expenses		(21,403	)						(16,318	)						(47,441	)						(40,542	)
Total EBITDA (non-GAAP) (1)	$	262,483			32	%		$	238,511			32	%		$	700,660			31	%		$	643,767			32	%

(1) Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures – net income to EBITDA.

NORDSON CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (Dollars in thousands except for per-share amounts)
	Three Months Ended								Nine Months Ended
	July 31, 2026				July 31, 2025				July 31, 2026				July 31, 2025
Sales	$	817,667			$	741,509			$	2,227,975			$	2,039,867
Cost of sales		363,935				334,992				1,004,044				923,550
Gross profit		453,732				406,517				1,223,931				1,116,317
Gross margin %		55.5	%			54.8	%			54.9	%			54.7	%
Selling and administrative expenses		230,640				206,539				637,231				606,642
Divestiture and related charges		—				12,211				—				12,211
Operating profit		223,092				187,767				586,700				497,464
Interest expense - net		(20,359	)			(25,698	)			(64,680	)			(77,335	)
Pension settlement charge		—				—				(24,049	)			—
Other expense - net		(16,794	)			(2,945	)			(6,357	)			(5,380	)
Income before income taxes		185,939				159,124				491,614				414,749
Income taxes		33,093				33,340				88,070				81,909
Net income	$	152,846			$	125,784			$	403,544			$	332,840
Weighted-average common shares outstanding:
Basic		55,714				56,438				55,766				56,784
Diluted		56,027				56,728				56,084				57,084
Earnings per share:
Basic earnings	$	2.74			$	2.23			$	7.24			$	5.86
Diluted earnings	$	2.73			$	2.22			$	7.20			$	5.83

NORDSON CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) (Dollars 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

NORDSON CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (Dollars in thousands)
	Nine Months Ended
	July 31, 2026				July 31, 2025
Cash flows from operating activities:
Net income	$	403,544			$	332,840
Depreciation and amortization		109,446				112,454
Divestiture and related charges		—				12,211
Pension settlement charge		24,049				—
Other non-cash items		14,785				12,154
Changes in operating assets and liabilities and other		18,649				46,605
Net cash provided by operating activities		570,473				516,264
Cash flows from investing activities:
Additions to property, plant and equipment		(40,313	)			(49,002	)
Acquisition of business, net of cash acquired		(11,643	)			—
Other - net		(3,513	)			4,272
Net cash used in investing activities		(55,469	)			(44,730	)
Cash flows from financing activities:
Repayment of debt - net		(258,025	)			(94,664	)
Repayment of finance lease obligations		(5,633	)			(4,083	)
Dividends paid		(137,384	)			(133,008	)
Issuance of common shares		49,143				5,419
Purchase of treasury shares		(158,792	)			(218,194	)
Net cash used in financing activities		(510,691	)			(444,530	)
Effect of exchange rate change on cash:		676				4,832
Net change in cash and cash equivalents		4,989				31,836
Cash and cash equivalents:
Beginning of period		108,442				115,952
End of period	$	113,431			$	147,788

NORDSON CORPORATION SALES BY GEOGRAPHIC SEGMENT (Unaudited) (Dollars in thousands)
	Three Months Ended						Sales Variance
	July 31, 2026			July 31, 2025			Organic			Acquisitions / Divestitures			Currency			Total
SALES BY SEGMENT
Industrial Precision Solutions	$	367,249		$	350,784		3.3	%		0.9	%		0.5	%		4.7	%
Medical and Fluid Solutions		230,538			219,465		10.6	%		(5.6	)%		—	%		5.0	%
Advanced Technology Solutions		219,880			171,260		30.9	%		—	%		(2.5	)%		28.4	%
Total sales	$	817,667		$	741,509		11.7	%		(1.2	)%		(0.2	)%		10.3	%
SALES BY GEOGRAPHIC REGION
Americas	$	331,471		$	314,568		7.3	%		(2.5	)%		0.6	%		5.4	%
Europe		192,432			186,620		3.2	%		(0.3	)%		0.2	%		3.1	%
Asia Pacific		293,764			240,321		24.1	%		(0.1	)%		(1.8	)%		22.2	%
Total sales	$	817,667		$	741,509		11.7	%		(1.2	)%		(0.2	)%		10.3	%
	Nine Months Ended						Sales Variance
	July 31, 2026			July 31, 2025			Organic			Acquisitions / Divestitures			Currency			Total
SALES BY SEGMENT
Industrial Precision Solutions	$	1,044,576		$	970,079		3.8	%		0.6	%		3.3	%		7.7	%
Medical and Fluid Solutions		636,571			615,883		7.1	%		(4.6	)%		0.9	%		3.4	%
Advanced Technology Solutions		546,828			453,905		20.1	%		—	%		0.4	%		20.5	%
Total sales	$	2,227,975		$	2,039,867		8.4	%		(1.2	)%		2.0	%		9.2	%
SALES BY GEOGRAPHIC REGION
Americas	$	901,654		$	874,868		4.5	%		(2.3	)%		0.9	%		3.1	%
Europe		569,351			526,878		3.1	%		(0.2	)%		5.2	%		8.1	%
Asia Pacific		756,970			638,121		18.2	%		(0.1	)%		0.5	%		18.6	%
Total sales	$	2,227,975		$	2,039,867		8.4	%		(1.2	)%		2.0	%		9.2	%

NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited) (Dollars in thousands)
	Three Months Ended						Nine Months Ended
	July 31, 2026			July 31, 2025			July 31, 2026			July 31, 2025
Net income	$	152,846		$	125,784		$	403,544		$	332,840
Income taxes		33,093			33,340			88,070			81,909
Interest expense - net		20,359			25,698			64,680			77,335
Pension settlement charge		—			—			24,049			—
Other expense - net		16,794			2,945			6,357			5,380
Inventory step-up amortization (1)		2,269			—			3,404			3,135
Severance and other (1)		—			451			—			16,725
Acquisition-related costs (1)		576			235			1,110			1,778
Divestiture and related charges		—			12,211			—			12,211
Adjusted operating profit		225,937			200,664			591,214			531,313
Depreciation and amortization		36,546			37,847			109,446			112,454
EBITDA (non-GAAP) (2)	$	262,483		$	238,511		$	700,660		$	643,767

(1) Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions.

(2) EBITDA is a non-GAAP measure used by management to evaluate the Company's ongoing operations. EBITDA is defined as operating profit plus certain adjustments, such as non-recurring cost reduction actions, fees and non-cash inventory charges associated with acquisitions, plus depreciation and amortization.

NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited) (Dollars in thousands)
	Three Months Ended						Nine Months Ended
	July 31, 2026			July 31, 2025			July 31, 2026			July 31, 2025
GAAP AS REPORTED
Net income	$	152,846		$	125,784		$	403,544		$	332,840
Diluted earnings per share	$	2.73		$	2.22		$	7.20		$	5.83
Shares outstanding - diluted		56,027			56,728			56,084			57,084
ADJUSTMENTS
Inventory step-up amortization (1)	$	2,269		$	—		$	3,404		$	3,135
Acquisition costs (1)		576			235			1,110			1,778
Severance and other (1)		—			451			—			16,725
Acquisition amortization of intangibles		19,345			20,092			58,320			59,099
Entity liquidation		—			—			—			988
Non-cash loss on minority investments (2)		14,892			—			2,481			—
Pension settlement charge		—			—			24,049			—
Total adjustments	$	37,082		$	32,989		$	89,364		$	93,936
Adjustments net of tax	$	29,364		$	29,084		$	72,075		$	78,451
EPS effect of adjustments	$	0.52		$	0.51		$	1.29		$	1.37
NON-GAAP
Adjusted net income (3)	$	182,210		$	154,868		$	475,619		$	411,291
Adjusted earnings per share (4)	$	3.25		$	2.73		$	8.48		$	7.20

(1) Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions.

(2) Represents non-cash loss on minority investments accounted for at fair value.

(3) Adjusted net income is a non-GAAP measure defined as net income plus tax effected adjustments and other discrete tax items.

(4) Adjusted earnings per share is a non-GAAP measure defined as GAAP EPS adjusted for tax effected adjustments and other discrete tax items.

NORDSON CORPORATION RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited) (Dollars in thousands)
	Year to Date
	July 31, 2026				April 30, 2026
Net cash provided by operating activities	$	570,473			$	321,101
Additions to property, plant and equipment		(40,313	)			(27,693	)
Free cash flow (1)	$	530,160			$	293,408
Free cash flow - quarter to date (1)	$	236,752
Net income	$	403,544			$	250,698
Non-cash loss on minority investments and pension charge - after-tax		20,552				9,383
Net income excluding non-cash loss on minority investments and pension loss (2)	$	424,096			$	260,081
Free cash flow conversion (3)		125	%			113	%
Net income excluding non-cash loss on minority investments and pension charge - quarter to date (2)	$	164,015
Free cash flow conversion - quarter to date (3)		144	%
	Year to Date
	July 31, 2025				April 30, 2025
Net cash provided by operating activities	$	516,264			$	278,292
Additions to property, plant and equipment		(49,002	)			(37,439	)
Free cash flow (1)	$	467,262			$	240,853
Free cash flow - quarter to date (1)	$	226,409
Net income	$	332,840			$	207,056
Free cash flow conversion (3)		140	%			116	%
Net income - quarter to date (2)	$	125,784
Free cash flow conversion - quarter to date (3)		180	%

(1) Free cash flow is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Net cash provided by operating activities minus Additions to property, plant and equipment.

(2) Net income excluding non-cash loss on minority investments and pension charge is a non-GAAP measure used by management as an input to the calculation of Free cash flow conversion and is defined as Net income excluding non-cash losses (gains) on minority investments and pension settlement charge.

(3) Free cash flow conversion is a non-GAAP measure used by management to evaluate the Company's ongoing operations and is defined as Free cash flow divided by Net income excluding non-cash losses on minority investments and pension settlement charge.

Management uses certain non-GAAP measures, such as adjusted net income, adjusted EPS, EBITDA, free cash flow, and free cash flow conversion, internally to make strategic decisions, forecast future results, and evaluate the Company's current performance. Given management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in the Company's core business across different time periods. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to other companies' non-GAAP financial measures, even if they have similar names. Amounts may not add due to rounding.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260819874488/en/

Matt Matejka
Senior Director
Investor Relations
(440) 597-8495
Matthew.Matejka@nordson.com

Source: Nordson Corporation