Dispensing equipment maker Nordson posts upbeat quarterly results

Dispensing equipment maker Nordson NDSN reported third-quarter profit and revenue above Wall Street estimates on Wednesday, driven by strong demand for its advanced technology products., sending its shares up 5% after the bell.

The Westlake, Ohio-based company's precision dispensing systems are used in applying adhesives, coatings and sealants, particularly prevalent across the construction and food packaging sectors.

"Following a strong third quarter, I am pleased that we are able to affirm our full year sales guidance and earnings expectations," CEO Sundaram Nagarajan said in a statement.

Sales in Nordson's advanced technology solutions segment rose 17.4% to $219.5 million in the quarter from a year earlier. The unit provides surface treatment, precision dispensing, and inspection systems that enhance quality and reliability in electronics and automotive production.

Nordson's medical and fluid solutions unit reported a 31.7% jump in sales to $219.5 million for the quarter ended July 31. The business was boosted by the company's May 2024 acquisition of Atrion, a supplier of medical devices and components.

Nordson reported third-quarter adjusted earnings of $2.73 per share, beating estimates of $2.64 per share, according to data compiled by LSEG.

Total sales were $741.5 million, above estimates of $723.1 million.