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Record Q2 lifts Nordson (NASDAQ: NDSN) as it raises 2026 guidance

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Nordson Corporation reported record second quarter fiscal 2026 results and raised its full year outlook. Sales reached a second quarter record of $741 million, up 8% from $683 million a year earlier, driven by 7% organic growth and a 3% favorable currency impact, partly offset by a divestiture and a small acquisition.

Net income was $117 million, or $2.09 diluted EPS, compared with $112 million, or $1.97 per diluted share. Results included a one-time non-cash pension settlement charge and a non-cash loss on minority investments. Excluding these items and acquisition-related costs, adjusted diluted EPS reached a record $2.86, up 18% from $2.42.

EBITDA was also a second quarter record at $235 million, or 32% of sales, up from $217 million. All three segments delivered record or higher second quarter sales, and backlog increased 18% year-over-year, supporting stronger demand. For the third quarter, the company forecasts sales of $760–$790 million and adjusted diluted EPS of $2.95–$3.15. For the full fiscal year, Nordson now expects sales of $2.93–$3.01 billion and adjusted diluted EPS of $11.30–$11.80, reflecting confidence in ongoing momentum across its end markets.

Positive

  • None.

Negative

  • None.

Insights

Record growth across metrics and a higher 2026 outlook signal meaningfully stronger fundamentals.

Nordson delivered broad-based strength in Q2 fiscal 2026. Sales rose 8% to $741 million, with 7% organic growth and stable 32% EBITDA margin. Adjusted diluted EPS increased 18% to $2.86, outpacing revenue growth and indicating good cost control and mix.

All major segments contributed: Industrial Precision Solutions sales grew 10%, Medical and Fluid Solutions 5%, and Advanced Technology Solutions 10%, each posting record or higher second quarter results. Backlog rose 18% year-over-year, suggesting demand durability across industrial, medical, and electronics end markets.

Management raised both Q3 and full year guidance, targeting Q3 sales of $760–$790 million and full year sales of $2.93–$3.01 billion, with adjusted EPS of $11.30–$11.80. The one-time pension settlement charge and non-cash investment loss are isolated items; the non-GAAP reconciliations help clarify underlying performance and cash generation for upcoming periods.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Sales $741 million Second quarter fiscal 2026; up from $683 million prior year
Q2 2026 Net Income $117 million Second quarter fiscal 2026; diluted EPS $2.09
Q2 2026 Adjusted EPS $2.86 per diluted share Record adjusted EPS; up 18% from $2.42 in prior year quarter
Q2 2026 EBITDA $235 million Second quarter fiscal 2026; 32% of sales, up from $217 million
Backlog Growth 18% increase Backlog up 18% year-over-year entering third quarter fiscal 2026
Q3 2026 Sales Guidance $760–$790 million Forecast third quarter fiscal 2026 sales range
Full Year 2026 Sales Guidance $2.93–$3.01 billion Updated full year fiscal 2026 sales outlook
Full Year 2026 Adjusted EPS Guidance $11.30–$11.80 Updated full year fiscal 2026 adjusted earnings per diluted share
EBITDA financial
"EBITDA was also a second quarter record of $235 million, or 32% of sales"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
adjusted earnings per diluted share financial
"Excluding these items and acquisition-related amortization and costs, second quarter adjusted earnings per diluted share were a record $2.86"
Adjusted earnings per diluted share shows a company's profit attributable to each share after accounting for potential new shares (like stock options or convertible securities) and excluding one-time or unusual items that can distort results. Investors use it as a cleaned-up per-share profit measure—like checking a car’s fuel efficiency after ignoring a bad tank of gas—to compare underlying performance over time or across companies, though the adjustments can vary by management.
pension settlement charge financial
"Second quarter 2026 earnings included a one-time, non-cash settlement charge to annuitize about 30% of the U.S. pension obligation"
A pension settlement charge is a fee that a company pays when it transfers or removes a pension plan obligation from its balance sheet, often to reduce future pension liabilities. It’s similar to paying a penalty to settle a long-term debt early, helping the company manage its financial health. For investors, understanding this charge is important because it can impact a company's reported profits and overall stability.
free cash flow conversion financial
"Our free cash flow conversion also continues to be a strength, enabling a healthy mix of shareholder returns"
Free cash flow conversion measures how effectively a company turns its reported profits into actual cash that can be used for growth, debt repayment, or dividends. It compares the cash generated after expenses to the company's net income, similar to how a person might compare their savings to their paycheck. High conversion indicates the company is efficient at translating profits into cash, which is important for investors assessing its financial health and flexibility.
organic sales increase financial
"The second quarter 2026 sales included an organic sales increase of 7% driven by growth in all segments"
non-GAAP measure financial
"Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures"
A non-GAAP measure is a company-crafted financial metric that adjusts or excludes items from standard accounting numbers to highlight what management sees as the business’s core performance. Investors use these figures like a filtered photo to reveal trends or cash flow drivers that raw accounting totals might hide, but because companies decide which items to remove, these measures should be compared with standard statements to avoid being misled.
Sales $741 million up 8% year-over-year
Net income $117 million up from $112 million prior year
Diluted EPS $2.09 up 6% year-over-year from $1.97
Adjusted diluted EPS $2.86 up 18% year-over-year from $2.42
EBITDA $235 million (32% of sales) up from $217 million (32% of sales)
Guidance

For Q3 fiscal 2026, Nordson guides sales to $760–$790 million and adjusted EPS to $2.95–$3.15. For full year fiscal 2026, it expects sales of $2.93–$3.01 billion and adjusted EPS of $11.30–$11.80 per diluted share.

Understanding 8-K Material Events →
false000007233100000723312026-05-202026-05-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 20, 2026
NORDSON CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Ohio000-0797734-0590250
(State or Other
Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
28601 Clemens Road
Westlake, Ohio 44145
(Address of Principal Executive
Offices, including Zip Code)
Registrant’s Telephone Number, including Area Code: 440-892-1580
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol(s)Name of Each Exchange
On Which Registered
Common Shares, without par valueNDSNNasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02.    Results of Operations and Financial Condition.
On May 20, 2026, Nordson Corporation issued a press release relating to its results of operations for the second quarter of fiscal 2026. A copy is attached as Exhibit 99.1.
Item 7.01.    Regulation FD Disclosure.
Nordson Corporation will provide additional commentary on second quarter fiscal 2026 results and outlook during a webcast on Thursday, May 21, 2026 at 8:30 a.m. eastern time, which can be accessed at https://investors.nordson.com. For persons unable to listen to the live broadcast, a replay will be available after the event.
As provided in General Instruction B.2 of Form 8-K, the information contained in Items 2.02 and 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press release of Nordson Corporation dated May 20, 2026.
104
Cover Page Interactive Data File (embedded within the inline XBRL document).


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
NORDSON CORPORATION
Date:May 20, 2026By:/s/ Joseph Rutledge
Joseph Rutledge
Chief Accounting Officer










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

Second Quarter Highlights:
•Sales were a second quarter record of $741 million, an increase of 8% year-over-year
•Earnings per diluted share were $2.09, up 6% year-over-year
•Adjusted earnings per diluted share were $2.86, a second quarter record and up 18% year-over-year
•Continued strength in demand with backlog up 18% compared to prior year
•Increasing full year guidance for sales and earnings

WESTLAKE, Ohio--(BUSINESS WIRE)--May 20, 2026--Nordson Corporation (Nasdaq: NDSN) today reported results for the fiscal second quarter ended April 30, 2026. Sales were a second quarter record of $741 million compared to the prior year’s second quarter sales of $683 million. The second quarter 2026 sales included an organic sales increase of 7% driven by growth in all segments, as well as a favorable currency translation impact of 3%. This sales result was slightly offset by the previously announced divestiture and the contribution of a small acquisition that was completed during the quarter.
Net income was $117 million, or $2.09 of earnings per diluted share, compared to prior year’s second quarter net income of $112 million, or $1.97 of earnings per diluted share. Second quarter 2026 earnings included a one-time, non-cash settlement charge to annuitize about 30% of the U.S. pension obligation and a non-cash loss on minority investments recognized during the quarter. Excluding these items and acquisition-related amortization and costs, second quarter adjusted earnings per diluted share were a record $2.86, an 18% increase from the prior year adjusted earnings per diluted share of $2.42.
EBITDA was also a second quarter record of $235 million, or 32% of sales, an increase of 8% compared to prior year EBITDA of $217 million, or 32% of sales.

Commenting on the Company’s fiscal 2026 second quarter results, Nordson President and Chief Executive Officer Sundaram Nagarajan said, “Our solid execution of the Ascend Strategy resulted in second quarter records for sales, adjusted earnings and EBITDA. Our free cash flow conversion also continues to be a strength, enabling a healthy mix of shareholder returns and reinvestment in growth. Thank you to our teams for delivering another strong quarter.”

On March 16, 2026, the Company acquired CapstanAG Systems, a precision agriculture company in North America that is a complementary bolt-on to our existing footprint. This small, but strategic, acquisition provides the Company with an established and synergistic platform to grow its precision agriculture portfolio with mid-tier OEMs in North America.
Second Quarter Segment Results
Record second quarter Industrial Precision Solutions sales of $350 million increased 10% from the prior year, inclusive of an organic sales increase of 5%, favorable currency translation of 4%, and an acquisition contribution of 1%. The organic sales increase was driven by improving industrial coating and polymer processing systems demand, ongoing growth in precision agriculture end markets and stable demand in broader consumer and industrial end markets. EBITDA in the quarter was $124 million, or 35% of sales, up 9% from the prior year second quarter EBITDA of $114 million.
Medical and Fluid Solutions sales of $213 million, also a second quarter record, increased 5% compared to the prior year second quarter. This increase was inclusive of an organic sales increase of 8% and a favorable currency impact of 1%. Sales growth was partially offset by 4% related to the previously divested medical contract manufacturing business. The organic sales increase was driven by growth in engineered fluid solutions and medical product lines. EBITDA in the quarter was $79 million, or 37% of sales, up 3% from the prior year second quarter EBITDA of $77 million.
Record quarterly Advanced Technology Solutions sales of $178 million increased 10% compared to the prior year second quarter, inclusive of an organic sales increase of 8% and favorable currency translation of 2%. The organic sales increase was driven by ongoing growth in electronics dispense systems. EBITDA in the quarter was $48 million, or 27% of sales, up 22% from the prior year second quarter EBITDA of $40 million.
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Outlook

The Company enters the third quarter with increased backlog, up 18% over the prior year. Order entry momentum was broad-based in the quarter across all segments. These trends position the Company to deliver third quarter fiscal 2026 sales in the range of $760 to $790 million. Third quarter adjusted earnings are forecasted to be in the range of $2.95 to $3.15 per diluted share.

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 $2,930 to $3,010 million and adjusted earnings to be in the range of $11.30 to $11.80 per diluted share.

Reflecting on the full year outlook, Mr. Nagarajan said, “We delivered a strong first half of fiscal 2026, highlighted by record performance and ongoing momentum across our end markets. Supported by robust order entry and backlog, we expect this momentum to continue and are increasing our full year sales and earnings guidance. Our NBS Next growth framework, close-to-the-customer business model, and differentiated precision technologies position us well to compound profitable growth.”
Nordson management will provide additional commentary on these results and outlook during its previously announced webcast on Thursday, May 21, 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 Lara Mahoney, vice president, investor relations and corporate communications at (440) 204-9985 or lara.mahoney@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, linkedin/Nordson, or www.facebook.com/nordson.

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NORDSON CORPORATION
SEGMENT INFORMATION (Unaudited)
(Dollars in thousands)
Three Months EndedSix Months Ended
April 30, 2026April 30, 2025April 30, 2026April 30, 2025
SALES
Industrial Precision Solutions$350,466 $318,847 $677,327 $619,295 
Medical and Fluid Solutions212,850 202,809 406,033 396,418 
Advanced Technology Solutions177,531 161,282 326,948 282,645 
Total sales$740,847 $682,938 $1,410,308 $1,298,358 
EBITDA
Industrial Precision Solutions$123,578 35%$113,548 36%$233,889 35%$226,324 37%
Medical and Fluid Solutions79,193 37%76,538 38%149,399 37%140,870 36%
Advanced Technology Solutions48,327 27%39,516 25%80,927 25%62,287 22%
Corporate expenses(15,911)(12,448)(26,038)(24,224)
Total EBITDA (non-GAAP) (1)
$235,187 32%$217,154 32%$438,177 31%$405,257 31%
(1) Total company EBITDA is a non-GAAP measure. Refer to the reconciliation of non-GAAP measures – net income to EBITDA.

3








NORDSON CORPORATION
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(Dollars in thousands except for per-share amounts)
Three Months EndedSix Months Ended
April 30, 2026April 30, 2025April 30, 2026April 30, 2025
Sales$740,847 $682,938 $1,410,308 $1,298,358 
Cost of sales336,770 309,034 640,109 588,558 
Gross profit404,077 373,904 770,199 709,800 
Gross margin %54.5 %54.7 %54.6 %54.7 %
Selling and administrative expenses206,874 205,154 406,591 400,103 
Operating profit197,203 168,750 363,608 309,697 
Interest expense - net (21,580)(26,019)(44,321)(51,637)
Pension settlement charge(24,049)— (24,049)— 
Other income (expense) - net(10,400)(3,961)10,437 (2,435)
Income before income taxes141,174 138,770 305,675 255,625 
Income taxes23,858 26,366 54,977 48,569 
Net income$117,316 $112,404 $250,698 $207,056 
Weighted-average common shares outstanding:
Basic55,798 56,785 55,793 56,960 
Diluted56,100 57,038 56,113 57,265 
Earnings per share:
Basic earnings$2.10 $1.98 $4.49 $3.64 
Diluted earnings$2.09 $1.97 $4.47 $3.62 

4








NORDSON CORPORATION
CONSOLIDATED BALANCE SHEETS (Unaudited)
(Dollars in thousands)
April 30, 2026October 31, 2025
Cash and cash equivalents$102,017 $108,442 
Receivables - net606,689 587,843 
Inventories - net467,757 444,814 
Other current assets100,893 101,752 
Total current assets1,277,356 1,242,851 
Property, plant and equipment - net521,390 516,914 
Goodwill3,332,927 3,304,685 
Other assets832,745 853,231 
$5,964,418 $5,917,681 
Notes payable and debt due within one year$50,000 $315,000 
Accounts payable and accrued liabilities441,875 443,260 
Total current liabilities491,875 758,260 
Long-term debt1,836,356 1,681,254 
Other liabilities433,952 434,596 
Total shareholders' equity3,202,235 3,043,571 
$5,964,418 $5,917,681 

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NORDSON CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
(Dollars in thousands)
Six Months Ended
April 30, 2026April 30, 2025
Cash flows from operating activities:
Net income$250,698 $207,056 
Depreciation and amortization72,900 74,608 
Pension settlement charge24,049 — 
Other non-cash items(4,813)7,021 
Changes in operating assets and liabilities and other(21,733)(10,393)
Net cash provided by operating activities    321,101 278,292 
Cash flows from investing activities:
Additions to property, plant and equipment(27,693)(37,439)
Acquisition of business, net of cash acquired(11,643)— 
Other - net(688)10,339 
Net cash used in investing activities(40,024)(27,100)
Cash flows from financing activities:
Repayment of long-term debt(107,105)(5,800)
Repayment of finance lease obligations(3,753)(2,627)
Dividends paid(91,642)(88,937)
Issuance of common shares43,008 2,803 
Purchase of treasury shares(129,303)(146,252)
Net cash used in financing activities(288,795)(240,813)
Effect of exchange rate change on cash:1,293 3,826 
Net change in cash and cash equivalents(6,425)14,205 
Cash and cash equivalents:
Beginning of period108,442 115,952 
End of period$102,017 $130,157 

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NORDSON CORPORATION
SALES BY GEOGRAPHIC SEGMENT (Unaudited)
(Dollars in thousands)
Three Months EndedSales Variance
April 30, 2026April 30, 2025OrganicAcquisitions / DivestituresCurrencyTotal
SALES BY SEGMENT
Industrial Precision Solutions$350,466 $318,847 5.0 %0.8 %4.1 %9.9 %
Medical and Fluid Solutions212,850 202,809 7.8 %(3.9)%1.1 %5.0 %
Advanced Technology Solutions177,531 161,282 8.5 %— %1.6 %10.1 %
Total sales$740,847 $682,938 6.6 %(0.8)%2.7 %8.5 %
SALES BY GEOGRAPHIC REGION
Americas$308,253 $292,463 5.9 %(1.7)%1.2 %5.4 %
Europe194,459 172,496 6.4 %(0.3)%6.6 %12.7 %
Asia Pacific238,135 217,979 7.8 %(0.1)%1.5 %9.2 %
Total sales$740,847 $682,938 6.6 %(0.8)%2.7 %8.5 %
Six Months EndedSales Variance
April 30, 2026April 30, 2025OrganicAcquisitions / DivestituresCurrencyTotal
SALES BY SEGMENT
Industrial Precision Solutions$677,327 $619,295 4.1 %0.4 %4.9 %9.4 %
Medical and Fluid Solutions406,033 396,418 5.3 %(4.2)%1.3 %2.4 %
Advanced Technology Solutions326,948 282,645 13.8 %— %1.9 %15.7 %
Total sales$1,410,308 $1,298,358 6.6 %(1.1)%3.1 %8.6 %
SALES BY GEOGRAPHIC REGION
Americas$570,183 $560,300 2.9 %(2.2)%1.1 %1.8 %
Europe376,920 340,259 3.0 %(0.2)%8.0 %10.8 %
Asia Pacific463,205 397,799 14.8 %(0.1)%1.7 %16.4 %
Total sales$1,410,308 $1,298,358 6.6 %(1.1)%3.1 %8.6 %
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NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - NET INCOME TO EBITDA (Unaudited)
(Dollars in thousands)
Three Months EndedSix Months Ended
April 30, 2026April 30, 2025April 30, 2026April 30, 2025
Net income$117,316 $112,404 $250,698 $207,056 
Income taxes23,858 26,366 54,977 48,569 
Interest expense - net21,580 26,019 44,321 51,637 
Pension settlement charge24,049 — 24,049 — 
Other expense (income) - net10,400 3,961 (10,437)2,435 
Inventory step-up amortization (1)
1,135 — 1,135 3,135 
Severance and other (1)
— 10,313 — 16,274 
Acquisition-related costs (1)
534 513 534 1,543 
Adjusted operating profit198,872 179,576 365,277 330,649 
Depreciation and amortization36,315 37,578 72,900 74,608 
EBITDA (non-GAAP) (2)
$235,187 $217,154 $438,177 $405,257 
(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.


8








NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - ADJUSTED NET INCOME AND EARNINGS PER SHARE (Unaudited)
(Dollars in thousands)
Three Months EndedSix Months Ended
April 30, 2026April 30, 2025April 30, 2026April 30, 2025
GAAP AS REPORTED
Net income$117,316 $112,404 $250,698 $207,056 
Diluted earnings per share$2.09 $1.97 $4.47 $3.62 
Shares outstanding - diluted56,100 57,038 56,113 57,265 
ADJUSTMENTS
Inventory step-up amortization (1)
$1,135 $— $1,135 $3,135 
Acquisition costs (1)
534 513 534 1,543 
Severance and other (1)
— 10,313 — 16,274 
Acquisition amortization of intangibles19,406 19,696 38,975 39,007 
Entity liquidation— 988 — 988 
Non-cash loss (gain) on minority investments (2)
9,827 — (12,411)— 
Pension settlement charge24,049 — 24,049 — 
Total adjustments$54,951 $31,510 $52,282 $60,947 
Adjustments net of tax$43,342 $25,523 $42,711 $49,367 
EPS effect of adjustments$0.77 $0.45 $0.76 $0.86 
 
NON-GAAP
Adjusted net income (3)
$160,658 $137,927 $293,409 $256,423 
Adjusted earnings per share (4)
$2.86 $2.42 $5.23 $4.48 
(1) Represents non-recurring cost reduction actions as well as fees and non-cash inventory charges associated with acquisitions.
(2) Represents non-cash loss (gain) 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.
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NORDSON CORPORATION
RECONCILIATION OF NON-GAAP MEASURES - OPERATING CASH FLOW TO FREE CASH FLOW (Unaudited)
(Dollars in thousands)

Year to Date
April 30, 2026January 31, 2026
Net cash provided by operating activities$321,101 $140,428 
Additions to property, plant and equipment(27,693)(17,513)
Free cash flow (1)
$293,408 $122,915 
Free cash flow - quarter to date (1)
$170,493  
Net income $250,698 $133,382 
Non-cash loss (gain) on minority investments and pension charge - after-tax9,383 (16,679)
Net income excluding non-cash loss (gain) on minority investments and pension loss (2)
$260,081 $116,703 
Free cash flow conversion (3)
113 %105 %
Net income excluding non-cash loss (gain) on minority investments and pension charge - quarter to date (2)
$143,378 
Free cash flow conversion - quarter to date (2)
119 %
Year to Date
April 30, 2025January 31, 2025
Net cash provided by operating activities$278,292 $159,122 
Additions to property, plant and equipment(37,439)(21,399)
Free cash flow (1)
$240,853 $137,723 
Free cash flow - quarter to date (1)
$103,130  
Net income$207,056 $94,652 
Free cash flow conversion (3)
116 %146 %
Net income - quarter to date (2)
$112,404 
Free cash flow conversion - quarter to date (2)
92 %
(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 (gain) 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 (gains) on minority investments and pension settlement charge.


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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.



Contact
Lara Mahoney
Vice President
Investor Relations & Corporate Communications
440.204.9985
Lara.Mahoney@nordson.com
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Source: View Original Filing on SEC EDGAR

FAQ

How did Nordson (NDSN) perform in its second quarter of fiscal 2026?

Nordson delivered record Q2 fiscal 2026 results with sales of $741 million, up 8% year-over-year. Net income was $117 million and diluted EPS was $2.09. Adjusted diluted EPS increased 18% to $2.86, reflecting strong underlying operating performance across segments.

What were Nordson’s key profitability metrics for Q2 fiscal 2026?

Nordson generated Q2 fiscal 2026 EBITDA of $235 million, a second quarter record, representing 32% of sales, unchanged from last year. Reported diluted EPS was $2.09, while adjusted diluted EPS reached a record $2.86, up 18% from $2.42 a year earlier.

How did Nordson’s business segments perform in Q2 fiscal 2026?

All segments grew in Q2 fiscal 2026. Industrial Precision Solutions sales rose to $350 million (up 10%), Medical and Fluid Solutions to $213 million (up 5%), and Advanced Technology Solutions to $178 million (up 10%). Each segment benefited from organic growth and, in some cases, favorable currency impacts.

What guidance did Nordson provide for Q3 fiscal 2026?

For Q3 fiscal 2026, Nordson forecasts sales between $760 million and $790 million. Adjusted earnings are expected in the range of $2.95 to $3.15 per diluted share, supported by an 18% year-over-year increase in backlog and broad-based order entry momentum across all segments.

How has Nordson updated its full year fiscal 2026 outlook?

Nordson increased its full year fiscal 2026 guidance, now expecting sales between $2.93 billion and $3.01 billion. Adjusted earnings are projected in the range of $11.30 to $11.80 per diluted share, reflecting strong first-half performance and continued demand across its diversified end markets.

What non-recurring items affected Nordson’s Q2 fiscal 2026 results?

Q2 fiscal 2026 included a one-time, non-cash $24 million pension settlement charge related to annuitizing about 30% of the U.S. pension obligation and a non-cash loss on minority investments. These items are excluded in the company’s adjusted earnings and EBITDA non-GAAP measures.

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