Nordson (NDSN)
Market Price (9/4/2026): $318.26 | Market Cap: $17.7 BilInvestor Relations Sector: Industrials | Industry: Industrial Machinery & Supplies & Components
Nordson (NDSN)
Market Price (9/4/2026): $318.26Market Cap: $17.7 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Automation & Robotics, Advanced Materials, and Circular Economy & Recycling. Themes include Factory Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -38% | Key risksNDSN key risks include [1] foreign currency volatility impacting its substantial international revenue and [2] the effective execution and integration of its acquisition-based growth strategy. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Advanced Materials, and Circular Economy & Recycling. Themes include Factory Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -38% |
| Key risksNDSN key risks include [1] foreign currency volatility impacting its substantial international revenue and [2] the effective execution and integration of its acquisition-based growth strategy. |
Qualitative Assessment
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Updated on 9/1/2026
Nordson (NDSN) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Nordson reported record fiscal Q3 2026 financial results, which ended July 31, 2026. The company achieved record quarterly sales of $818 million, representing a 10% increase year-over-year, driven by 12% organic sales growth across all segments. Adjusted earnings per diluted share were a record $3.25, a 19% increase year-over-year, significantly exceeding analysts' consensus estimate of $3.09.
2. The company raised its full-year fiscal 2026 guidance for both sales and adjusted earnings per share. Nordson increased its sales outlook to a range of $3,035 to $3,075 million, implying 9-10% growth, and adjusted earnings per share guidance to $11.80-$12.00, reflecting 15-17% growth. This updated guidance demonstrates management's confidence in continued strong business momentum.
Show more
Nordson (NDSN) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Nordson reported record fiscal Q3 2026 financial results, which ended July 31, 2026. The company achieved record quarterly sales of $818 million, representing a 10% increase year-over-year, driven by 12% organic sales growth across all segments. Adjusted earnings per diluted share were a record $3.25, a 19% increase year-over-year, significantly exceeding analysts' consensus estimate of $3.09.
2. The company raised its full-year fiscal 2026 guidance for both sales and adjusted earnings per share. Nordson increased its sales outlook to a range of $3,035 to $3,075 million, implying 9-10% growth, and adjusted earnings per share guidance to $11.80-$12.00, reflecting 15-17% growth. This updated guidance demonstrates management's confidence in continued strong business momentum.
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Updated on 9/1/2026
Nordson (NDSN) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Nordson reported record fiscal Q3 2026 financial results, which ended July 31, 2026. The company achieved record quarterly sales of $818 million, representing a 10% increase year-over-year, driven by 12% organic sales growth across all segments. Adjusted earnings per diluted share were a record $3.25, a 19% increase year-over-year, significantly exceeding analysts' consensus estimate of $3.09.
2. The company raised its full-year fiscal 2026 guidance for both sales and adjusted earnings per share. Nordson increased its sales outlook to a range of $3,035 to $3,075 million, implying 9-10% growth, and adjusted earnings per share guidance to $11.80-$12.00, reflecting 15-17% growth. This updated guidance demonstrates management's confidence in continued strong business momentum.
3. Nordson demonstrated robust backlog growth, indicating sustained demand across its segments. The company reported a 35% increase in backlog year-over-year, with particular strength in its Advanced Technology Solutions and Medical and Fluid Solutions segments, signaling healthy future order flow.
4. The Board of Directors approved a 15% increase in the quarterly cash dividend. This raised the dividend from $0.82 to $0.94 per common share, marking the company's 63rd consecutive year of annual dividend increases and highlighting its financial stability and commitment to shareholder returns.
5. Analyst sentiment remained highly positive, leading to increased price targets and reiterated "Buy" ratings. Following the strong fiscal Q3 2026 results and raised guidance, several analysts, including Oppenheimer and DA Davidson, raised their price targets and maintained "Buy" or "Outperform" ratings, with a consensus "Moderate Buy" rating among covering brokerages.
Show less
Nordson (NDSN) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Nordson reported record fiscal Q3 2026 financial results, which ended July 31, 2026. The company achieved record quarterly sales of $818 million, representing a 10% increase year-over-year, driven by 12% organic sales growth across all segments. Adjusted earnings per diluted share were a record $3.25, a 19% increase year-over-year, significantly exceeding analysts' consensus estimate of $3.09.
2. The company raised its full-year fiscal 2026 guidance for both sales and adjusted earnings per share. Nordson increased its sales outlook to a range of $3,035 to $3,075 million, implying 9-10% growth, and adjusted earnings per share guidance to $11.80-$12.00, reflecting 15-17% growth. This updated guidance demonstrates management's confidence in continued strong business momentum.
3. Nordson demonstrated robust backlog growth, indicating sustained demand across its segments. The company reported a 35% increase in backlog year-over-year, with particular strength in its Advanced Technology Solutions and Medical and Fluid Solutions segments, signaling healthy future order flow.
4. The Board of Directors approved a 15% increase in the quarterly cash dividend. This raised the dividend from $0.82 to $0.94 per common share, marking the company's 63rd consecutive year of annual dividend increases and highlighting its financial stability and commitment to shareholder returns.
5. Analyst sentiment remained highly positive, leading to increased price targets and reiterated "Buy" ratings. Following the strong fiscal Q3 2026 results and raised guidance, several analysts, including Oppenheimer and DA Davidson, raised their price targets and maintained "Buy" or "Outperform" ratings, with a consensus "Moderate Buy" rating among covering brokerages.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 10.8% change in NDSN stock from 5/31/2026 to 9/3/2026 was primarily driven by a 5.2% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 286.52 | 317.49 | 10.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,904 | 2,980 | 2.6% |
| Net Income Margin (%) | 18.2% | 18.6% | 2.4% |
| P/E Multiple | 30.3 | 31.9 | 5.2% |
| Shares Outstanding (Mil) | 56 | 56 | 0.2% |
| Cumulative Contribution | 10.8% |
Market Drivers
5/31/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| NDSN | 10.8% | |
| Market (SPY) | 2.2% | 36.5% |
| Sector (XLI) | 0.8% | 53.6% |
Fundamental Drivers
The 8.8% change in NDSN stock from 2/28/2026 to 9/3/2026 was primarily driven by a 4.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 291.71 | 317.49 | 8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,846 | 2,980 | 4.7% |
| Net Income Margin (%) | 18.4% | 18.6% | 1.3% |
| P/E Multiple | 31.1 | 31.9 | 2.4% |
| Shares Outstanding (Mil) | 56 | 56 | 0.1% |
| Cumulative Contribution | 8.8% |
Market Drivers
2/28/2026 to 9/3/2026| Return | Correlation | |
|---|---|---|
| NDSN | 8.8% | |
| Market (SPY) | 13.0% | 50.3% |
| Sector (XLI) | -1.2% | 65.9% |
Fundamental Drivers
The 42.9% change in NDSN stock from 8/31/2025 to 9/3/2026 was primarily driven by a 15.6% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 222.17 | 317.49 | 42.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,784 | 2,980 | 7.0% |
| Net Income Margin (%) | 16.3% | 18.6% | 14.0% |
| P/E Multiple | 27.6 | 31.9 | 15.6% |
| Shares Outstanding (Mil) | 56 | 56 | 1.3% |
| Cumulative Contribution | 42.9% |
Market Drivers
8/31/2025 to 9/3/2026| Return | Correlation | |
|---|---|---|
| NDSN | 42.9% | |
| Market (SPY) | 20.9% | 49.4% |
| Sector (XLI) | 16.0% | 65.8% |
Fundamental Drivers
The 34.7% change in NDSN stock from 8/31/2023 to 9/3/2026 was primarily driven by a 18.8% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9032026 | Change |
|---|---|---|---|
| Stock Price ($) | 235.75 | 317.49 | 34.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,593 | 2,980 | 14.9% |
| Net Income Margin (%) | 19.3% | 18.6% | -3.6% |
| P/E Multiple | 26.8 | 31.9 | 18.8% |
| Shares Outstanding (Mil) | 57 | 56 | 2.3% |
| Cumulative Contribution | 34.7% |
Market Drivers
8/31/2023 to 9/3/2026| Return | Correlation | |
|---|---|---|
| NDSN | 34.7% | |
| Market (SPY) | 77.7% | 61.3% |
| Sector (XLI) | 68.0% | 71.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NDSN Return | 28% | -6% | 12% | -20% | 17% | 32% | 68% |
| Peers Return | 24% | -11% | 25% | 12% | 6% | 8% | 75% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| NDSN Win Rate | 67% | 50% | 58% | 50% | 67% | 56% | |
| Peers Win Rate | 63% | 35% | 57% | 57% | 57% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| NDSN Max Drawdown | -14% | -23% | -18% | -25% | -25% | -14% | |
| Peers Max Drawdown | -13% | -29% | -18% | -15% | -24% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GGG, ITW, PH, DOV, IEX. See NDSN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/3/2026 (YTD)
How Low Can It Go
| Event | NDSN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.8% | -18.8% |
| % Gain to Breakeven | 29.5% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.7% | -9.5% |
| % Gain to Breakeven | 15.9% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.2% | -6.7% |
| % Gain to Breakeven | 19.3% | 7.1% |
| Time to Breakeven | 102 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.8% | -24.5% |
| % Gain to Breakeven | 27.9% | 32.4% |
| Time to Breakeven | 230 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.9% | -33.7% |
| % Gain to Breakeven | 72.0% | 50.9% |
| Time to Breakeven | 56 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.6% | -19.2% |
| % Gain to Breakeven | 25.9% | 23.8% |
| Time to Breakeven | 66 days | 105 days |
In The Past
Nordson's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.5% gain to breakeven.
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Asset Allocation
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| Event | NDSN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.8% | -18.8% |
| % Gain to Breakeven | 29.5% | 23.1% |
| Time to Breakeven | 62 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.8% | -24.5% |
| % Gain to Breakeven | 27.9% | 32.4% |
| Time to Breakeven | 230 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.9% | -33.7% |
| % Gain to Breakeven | 72.0% | 50.9% |
| Time to Breakeven | 56 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.6% | -19.2% |
| % Gain to Breakeven | 25.9% | 23.8% |
| Time to Breakeven | 66 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.2% | -12.2% |
| % Gain to Breakeven | 37.3% | 13.9% |
| Time to Breakeven | 43 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.7% | -6.8% |
| % Gain to Breakeven | 48.5% | 7.3% |
| Time to Breakeven | 98 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.3% | -17.9% |
| % Gain to Breakeven | 49.9% | 21.8% |
| Time to Breakeven | 150 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -27.6% | -15.4% |
| % Gain to Breakeven | 38.2% | 18.2% |
| Time to Breakeven | 105 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -65.7% | -53.4% |
| % Gain to Breakeven | 191.9% | 114.4% |
| Time to Breakeven | 287 days | 1085 days |
In The Past
Nordson's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Nordson (NDSN)
Nordson Corporation (NDSN) is a global industrial technology company that engineers, manufactures, and markets highly specialized systems designed to precisely dispense, apply, and control a wide array of materials. These materials include adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Essentially, Nordson provides the critical equipment and solutions that enable manufacturers worldwide to efficiently and accurately apply these substances during their production processes.
The company operates through two primary segments: Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS). The IPS segment focuses on robust industrial applications, offering systems for dispensing adhesives in packaging, disposable products, and product assembly. It also provides equipment for applying liquid and powder paints and coatings to various consumer and industrial goods, along with UV curing systems. In contrast, the ATS segment caters to high-precision and technologically advanced applications, including automated dispensing systems for electronics manufacturing (like semiconductors and printed circuit boards), surface treatment systems, and a range of precision manual dispensers and medical components such as syringes, catheters, and interventional delivery devices.
Nordson's extensive product portfolio serves a diverse customer base across numerous global manufacturing industries. Its primary markets include consumer packaged goods, medical devices, electronics (semiconductor and circuit board manufacturing), automotive, disposable hygiene products, and general industrial sectors requiring precise painting, coating, and assembly capabilities. Through its innovative solutions, Nordson plays a crucial role in enhancing the quality, efficiency, and functionality of countless products we use daily.
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Here are 1-3 brief analogies to describe Nordson (NDSN):
- Like a more focused Danaher, providing essential precision application and inspection systems for diverse manufacturing processes.
- An Illinois Tool Works (ITW) that specializes in high-precision fluid dispensing, coating, and inspection equipment for industrial applications.
- Imagine a Graco (GGG) that also makes advanced precision dispensing and inspection systems for medical devices and semiconductor manufacturing.
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- Fluid Dispensing Systems: Systems engineered for the precise application and control of adhesives, coatings, sealants, biomaterials, and other fluids across diverse industries.
- Coating and Laminating Systems: Equipment used for applying various coatings and laminating materials to disposable products, roll goods, and containers.
- Product Assembly Systems: Automated systems designed for assembling plastic, metal, and wood products, as well as for paper and paperboard converting applications.
- Paint and Powder Coating Systems: Systems for applying liquid paints and powder coatings to consumer, industrial, metal, plastic, and wood products.
- Thermoplastic Melt Stream Components: Components and systems integrated into the thermoplastic melt stream for polymer processing.
- UV Curing and Drying Equipment: Ultraviolet systems utilized for curing and drying specialty coatings, semiconductor materials, and paints.
- Gas Plasma Treatment Systems: Systems for cleaning and conditioning surfaces prior to various application processes.
- Medical Delivery Devices and Components: Precision manual and semi-automated dispensers, minimally invasive interventional delivery devices, syringes, catheters, and other fluid connection components for medical use.
- Inspection and Test Systems: Advanced systems for bond testing and automated optical, acoustic microscopy, and x-ray inspection in semiconductor and printed circuit board manufacturing.
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Nordson (NDSN) sells primarily to other companies (B2B) across a wide range of industries globally. The provided background description does not identify specific major customer companies by name or their public symbols. Instead, it describes the industries and applications that utilize Nordson's products and systems. Based on this information, Nordson's major customers can be categorized into the following types of companies:
- Consumer and Industrial Product Manufacturers: This broad category includes companies producing packaged goods, disposable products (e.g., diapers, hygiene products), paper and paperboard products, as well as manufacturers of various plastic, metal, and wood products. These customers utilize Nordson's systems for adhesive dispensing, coating, laminating, assembly, and applying liquid and powder paints and coatings.
- Electronics and Semiconductor Industries: Customers in this sector include manufacturers of semiconductors and printed circuit boards. They use Nordson's automated dispensing systems for attachment, protection, and coating of fluids, gas plasma treatment systems for surface conditioning, and advanced inspection systems (optical, acoustic microscopy, x-ray) for quality control.
- Medical and Life Sciences Device Manufacturers: This category encompasses companies involved in the production of medical devices. These customers leverage Nordson's precision manual and semi-automated dispensers, minimally invasive interventional delivery devices, and plastic molded components such as syringes, cartridges, tips, fluid connection components, tubing, balloons, and catheters.
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Sundaram "Naga" Nagarajan
President and Chief Executive Officer
Sundaram "Naga" Nagarajan serves as the President and Chief Executive Officer of Nordson Corporation, a precision technology company. Prior to joining Nordson in August 2019, Mr. Nagarajan had a 23-year career with Illinois Tool Works Inc. (ITW), a Fortune 200 company, holding roles of increasing responsibility. Most recently at ITW, he was the Executive Vice President of the ITW Automotive OEM Segment, a business segment exceeding $3 billion. Under his leadership, the Automotive OEM segment consistently delivered profitable revenue growth through both organic and acquisitive means. Earlier in his career, a company he was involved with was acquired by ITW in 1996, and he continued to advance within ITW for the next 23 years. He also served as Executive Vice President of the Welding Segment at ITW.
Daniel Hopgood
Executive Vice President and Chief Financial Officer
Daniel Hopgood joined Nordson Corporation as Executive Vice President and Chief Financial Officer on May 20, 2024. He brings over 25 years of financial and operational expertise to the role. Before joining Nordson, Mr. Hopgood held various roles of increasing responsibility at Eaton Corporation, a multinational power management company, most recently serving as its Controller and Chief Accounting Officer. Prior to Eaton, he was the Vice President, Aftermarket Americas for Meritor, Inc.
Jennifer McDonough
Executive Vice President, General Counsel, and Secretary
Jennifer McDonough serves as Executive Vice President, General Counsel, and Secretary at Nordson, where she oversees the company's legal, governance, compliance, and sustainability functions globally. Before joining Nordson in 2021, she was vice president, deputy general counsel, and assistant secretary for PPL Corporation, a Fortune 500 utility, where she managed corporate legal services and legal operations, including mergers and acquisitions, strategic development, securities, finance, governance, and litigation.
Sarah Siddiqui
Executive Vice President, Chief Human Resources Officer
Sarah Siddiqui is the Executive Vice President and Chief Human Resources Officer at Nordson Corporation, responsible for the company's worldwide HR operations. Ms. Siddiqui brings over 20 years of global strategic HR experience, having worked across aerospace, financial services, and pharmaceutical industries, including roles at United Technologies/Raytheon Technologies and Citigroup. Her most recent prior role was vice president of HR for operations, engineering, and corporate functions within Collins Aerospace at Raytheon Technologies.
Jeffrey Pembroke
Executive Vice President
Jeffrey Pembroke serves as an Executive Vice President of Nordson Corporation.
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Key Risks to Nordson Corporation (NDSN)
Nordson Corporation faces several key risks inherent to its business model and global operations. These include the cyclical nature of its served end-markets, exposure to foreign exchange rate fluctuations, and intense competition demanding continuous innovation.
- Dependence on Cyclical End Markets and Global Economic Conditions: A significant portion of Nordson's business is tied to industries that are cyclical, such as electronics, semiconductors, automotive, and polymer processing. Fluctuations in the economic health of these sectors can lead to varying demand for Nordson's dispensing, application, and control systems, directly impacting its revenue growth and profitability. For example, the electronics/semiconductor product lines, which represent about 25% of revenue, experienced strong growth in 2022 but weaker demand in 2023.
- Exposure to Foreign Exchange Rate Fluctuations: With approximately 60% to 67% of Nordson's revenue generated from international sales, the company is significantly exposed to the risks of adverse currency movements. A strengthening U.S. dollar can necessitate price increases or result in contracted profit margins for sales outside the United States, thereby negatively affecting reported financial results.
- Intense Competition and the Need for Continuous Innovation: Nordson operates in a highly competitive global marketplace with numerous established manufacturers. To maintain its market position and avoid pricing pressures and margin erosion, the company must continually innovate, invest in research and development, and deliver superior product quality and service. The emergence of new technologies, such as AI, and aggressive new market entrants further intensify this competitive landscape, requiring swift adaptation and sustained investment.
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Nordson Corporation operates in several addressable markets globally through its Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS) segments.
Industrial Precision Solutions (IPS) Segment
- Adhesive and Fluid Dispensing Systems: The global adhesive dispensing equipment market was valued at US$39.5 billion in 2026 and is expected to reach US$56.7 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.3%. More broadly, the global industrial dispensing system and equipment market was valued at US$17.39 billion in 2025 and is projected to grow to US$24.79 billion by 2030, with a CAGR of 7.5%. North America is identified as the largest market for industrial dispensing system equipment, holding approximately 40% of the global market share.
- Industrial Coatings (Liquid, Powder, and UV Curing Systems): The global industrial coatings market size was estimated at US$215.5 billion in 2024 and is projected to expand to US$345.8 billion by 2034, with a CAGR of 4.9%.
- For powder coating equipment, the global market size is estimated to be US$3,201.2 million in 2024 and is expected to reach US$5,264.3 million by 2034, growing at a CAGR of 5.1%.
- The global UV curing system market was valued at approximately US$5.97 billion in 2024 and is projected to reach US$32.59 billion by 2034, growing at a CAGR of about 18.50%.
Advanced Technology Solutions (ATS) Segment
- Medical/Healthcare Dispensing and Interventional Delivery Devices: The global healthcare dispensing systems market is projected to reach US$6.27 billion by 2030, from US$4.61 billion in 2025, at a CAGR of 6.3%. The global interventional medical devices market size was US$21.5 billion in 2023 and is projected to grow to US$38.7 billion by 2032, exhibiting a CAGR of 6.5%. Specifically, the global interventional cardiology devices market size reached US$24.5 billion in 2024 and is expected to reach US$43.2 billion by 2033, exhibiting a CAGR of 6.53%.
- Semiconductor and Printed Circuit Board (PCB) Inspection Systems: The global semiconductor metrology and inspection equipment market size was estimated at US$8.98 billion in 2024 and is projected to reach US$16.21 billion by 2033, growing at a CAGR of 6.9% from 2025 to 2033. For the Printed Circuit Board (PCB) inspection equipment market, the global market was valued at US$8.69 billion in 2023 and is projected to reach US$19.3 billion by 2032, exhibiting a CAGR of 9.26%.
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Nordson Corporation (NDSN) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Growth in Advanced Technology Solutions (ATS) Segment, Particularly in the Semiconductor End Market: Nordson expects continued momentum and strength in its Advanced Technology Solutions (ATS) segment, largely propelled by demand in the semiconductor industry. The ATS segment demonstrated over 20% growth in the first quarter of fiscal year 2026, driven by semiconductor market activity. Management highlighted the semiconductor space as an important growth driver.
- Strategic Acquisitions: Nordson plans to continue strengthening its portfolio through strategic capital deployment and the acquisition of attractive assets. The successful integration of past acquisitions, such as Atrion Medical, has contributed positively to sales and earnings growth.
- Organic Growth Initiatives and Innovation: The company is focused on driving organic growth through innovation, operational excellence, and consistently meeting customer needs. Nordson invested $18 million in capital projects during Q1 2026 to support future organic growth. This includes broad-based organic growth across its segments and particular strength observed in Asia Pacific markets for the Industrial Precision Solutions (IPS) segment.
- Recovery and Improvements in Broader Industrial and Medical End Markets: While some segments like Medical and Fluid Solutions experienced flat organic growth in Q1 2026, Nordson's management remains optimistic about overall end market demand trends. They anticipate modest improvement in industrial and automotive product lines, contributing to growth. The company's diverse portfolio across industrial and medical segments positions it to capitalize on favorable market conditions.
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Share Repurchases
- Nordson's Board of Directors authorized an additional $500 million for its share repurchase program on September 6, 2022, supplementing the $160 million remaining from a 2018 authorization.
- A five-year analysis ending in Q4 CY2025 shows the company repurchased stock, resulting in a 4.5% reduction in its share count.
- Between August 1, 2025, and October 31, 2025, Nordson repurchased 389,000 shares for $87.45 million, completing a total repurchase of 10,311,046 shares for $1,290.05 million under a program initiated in December 2014.
Share Issuance
- For the nine months ending July 31, 2025, Nordson issued $5.419 million in common shares, compared to $29.142 million for the same period in 2024.
- Common shares issued for the fiscal year ending October 31, 2025, totaled $9.014 million.
Outbound Investments
- Nordson acquired CyberOptics Corporation on November 3, 2022, expanding its presence in the semiconductor and electronics industries.
- The company completed the acquisition of Atrion in August 2024, for a price of $800 million.
- Other acquisitions within the period include Aragnet in June 2023 and NDC Technologies in August 2021.
Capital Expenditures
- Capital expenditures were $38 million in 2021, $51 million in 2022, $34 million in 2023, $64 million in 2024, and $58 million in 2025.
- For the first nine months of fiscal 2024, capital invested in property, plant, and equipment increased by 81% year-over-year to $43.8 million.
- Additions to property, plant, and equipment for the nine months ending July 31, 2025, were $49.002 million, primarily driven by productivity and growth projects, including a new manufacturing facility.
Peer Outperformance in Industrial Machinery & Supplies & Components
NDSN has trailed 53% of its 70 Industrial Machinery & Supplies & Components peers over 5Y. Among the peers that beat it are CRS, NPO and PH. Industrial Machinery & Supplies & Components ranks 7th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that NDSN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
81%
of 75 industry peers · 44.9% return
3Y
45%
of 73 industry peers · 33.9% return
5Y
47%
of 70 industry peers · 39.0% return
Industrial Machinery & Supplies & Components peers with revenue growth within 4pp of NDSN's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| NDSN | Nordson | 4.8% | 31.9x | 44.9% | 33.9% | 39.0% | — |
| CRS | Carpenter Technology | 7.0% | 43.9x | 98.8% | 639.1% | 1386.2% | +1,347pp |
| NPO | Enpro | 3.6% | 141.3x | 40.1% | 118.8% | 257.8% | +219pp |
| PH | Parker Hannifin | 4.1% | 33.4x | 29.9% | 135.4% | 255.9% | +217pp |
| GWW | W.W. Grainger | 5.6% | 33.1x | 29.9% | 89.4% | 222.0% | +183pp |
| SXI | Standex International | 6.6% | 31.8x | 39.2% | 81.7% | 188.6% | +150pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is NDSN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 17.5% | 99.4% | 187.0% | CDNL 2619% · FIX 2009% · STRL 1891% |
| Marine Transportation | 5 | 69.1% | 70.3% | 169.4% | HOS 49321% · MATX 184% · KEX 169% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 15.9% | 55.6% | 114.4% | CAT 315% · ALSN 262% · WAB 220% |
| Aerospace & Defense | 55 | 0.1% | 55.2% | 71.1% | ATI 1040% · FTAI 901% · HWM 742% |
| Passenger Ground Transportation | 3 | -11.8% | 40.0% | 57.9% | UBER 88% · CAR 58% · LYFT -64% |
| Rail Transportation | 7 | 30.7% | 66.8% | 45.4% | FSTR 131% · CSX 64% · UNP 51% |
| Industrial Machinery & Supplies & Components ← | 71 | 9.5% | 45.8% | 43.3% | CRS 1386% · PSIX 846% · EROC 573% |
| Cargo Ground Transportation | 16 | 35.9% | 1.1% | 32.1% | R 249% · XPO 242% · CVLG 202% |
| Trading Companies & Distributors | 19 | 1.6% | 30.1% | 31.7% | DXPE 523% · AIT 285% · WCC 202% |
| Diversified Support Services | 33 | 12.3% | 29.7% | 26.7% | LIME 4415% · WLFC 355% · TH 348% |
| Electrical Components & Equipment | 41 | 17.1% | 44.4% | 20.1% | POWL 2125% · BE 976% · VRT 858% |
| Building Products | 33 | -7.1% | 4.3% | 17.8% | LMB 571% · GFF 389% · PPIH 288% |
| Research & Consulting Services | 13 | -5.9% | -19.7% | -3.9% | HURN 220% · CRAI 91% · GRNQ 81% |
| Industrial Conglomerates | 17 | 12.5% | 10.9% | -5.0% | RCMT 667% · CSW 138% · CSL 76% |
| Agricultural & Farm Machinery | 17 | 13.7% | -6.0% | -10.4% | BLBD 213% · DE 90% · GENC 57% |
| Environmental & Facilities Services | 29 | -6.3% | 20.5% | -12.5% | CECO 883% · ADUR 572% · NVRI 360% |
| Data Processing & Outsourced Services | 6 | -29.6% | -11.5% | -24.8% | EXLS 51% · BR 15% · G -22% |
| Passenger Airlines | 11 | -0.6% | -4.9% | -27.5% | LTM 2468% · UAL 135% · SKYW 111% |
| Office Services & Supplies | 9 | 13.1% | 19.0% | -31.6% | PBI 189% · TILE 151% · HNI 54% |
| Human Resource & Employment Services | 22 | 8.1% | -19.4% | -37.1% | BBSI 85% · ADP 53% · KFY 31% |
| Air Freight & Logistics | 12 | -7.7% | -26.9% | -39.4% | CHRW 82% · FDX 68% · EXPD 60% |
| Security & Alarm Services | 10 | -33.9% | 7.3% | -44.9% | CIX 143% · MG 95% · NL 56% |
| Airport Services | 3 | -67.0% | -75.3% | -58.7% | JOBY -32% · ASLE -59% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 247.38 |
| Mkt Cap | 21.7 |
| Rev LTM | 6,003 |
| Op Inc LTM | 1,111 |
| FCF LTM | 948 |
| FCF 3Y Avg | 781 |
| CFO LTM | 1,082 |
| CFO 3Y Avg | 915 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 6.6% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 10.3% |
| Op Inc Chg 3Y Avg | 3.8% |
| Op Mgn LTM | 24.0% |
| Op Mgn 3Y Avg | 23.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 20.3% |
| CFO/Rev 3Y Avg | 20.4% |
| FCF/Rev LTM | 18.0% |
| FCF/Rev 3Y Avg | 18.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 21.7 |
| P/S | 5.2 |
| P/Op Inc | 21.2 |
| P/EBIT | 20.8 |
| P/E | 28.1 |
| P/CFO | 23.0 |
| Total Yield | 5.0% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 4.0% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.8% |
| 3M Rtn | 7.0% |
| 6M Rtn | -1.2% |
| 12M Rtn | 20.2% |
| 3Y Rtn | 25.1% |
| 1M Excs Rtn | -6.0% |
| 3M Excs Rtn | 4.9% |
| 6M Excs Rtn | -14.6% |
| 12M Excs Rtn | 0.0% |
| 3Y Excs Rtn | -46.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Industrial Precision Solutions | 1,332 | 1,399 | 1,297 | 1,337 | 1,247 |
| Medical and Fluid Solutions | 835 | 695 | 660 | 690 | 642 |
| Advanced Technology Solutions | 625 | 596 | 671 | 563 | 474 |
| Corporate | 0 | 0 | |||
| Total | 2,792 | 2,690 | 2,629 | 2,590 | 2,362 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Industrial Precision Solutions | 470 | 498 | 468 | 434 | 414 |
| Medical and Fluid Solutions | 279 | 234 | 227 | 217 | 198 |
| Advanced Technology Solutions | 140 | 123 | 137 | 133 | 73 |
| Acquisition related costs | -2 | -14 | -20 | ||
| Inventory step-up amortization | -3 | -8 | -9 | ||
| Divestiture and related charges | -13 | 0 | 0 | ||
| Severance and other | -19 | -17 | -5 | ||
| Corporate expenses | -53 | -57 | -57 | ||
| Depreciation and amortization | -87 | -85 | -68 | ||
| Corporate | -83 | -71 | |||
| Total | 712 | 674 | 673 | 702 | 615 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Medical and Fluid Solutions | 2,202 | 2,252 | 1,533 | 1,559 | 1,519 |
| Industrial Precision Solutions | 1,859 | 1,699 | 1,733 | 1,113 | 965 |
| Corporate | 1,118 | 1,186 | 1,105 | 813 | 968 |
| Advanced Technology Solutions | 739 | 864 | 881 | 397 | 395 |
| Eliminations | -62 | -55 | |||
| Total | 5,918 | 6,001 | 5,252 | 3,820 | 3,791 |
Price Behavior
Price Behavior
| Market Price | $317.49 | |
| Market Cap ($ Bil) | 17.7 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -5.1% | |
| 50 Days | 200 Days | |
| DMA Price | $304.59 | $277.75 |
| DMA Trend | up | up |
| Distance from DMA | 4.2% | 14.3% |
| 3M | 1YR | |
| Volatility | 27.5% | 22.2% |
| Downside Capture | 65.16 | 69.48 |
| Upside Capture | 107.19 | 96.81 |
| Correlation (SPY) | 37.6% | 49.7% |
NDSN Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.06 | 0.51 | 0.70 | 0.91 | 0.86 | 0.98 |
| Up Beta | 1.11 | 0.51 | 0.53 | 0.96 | 0.97 | 1.17 |
| Down Beta | -6.91 | -0.34 | 0.72 | 1.06 | 0.84 | 0.89 |
| Up Capture | 63% | 99% | 102% | 82% | 95% | 67% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 24 | 35 | 66 | 140 | 382 |
| Down Capture | -103% | 43% | 53% | 87% | 75% | 98% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 11 | 18 | 29 | 61 | 111 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NDSN | |
|---|---|---|---|---|
| NDSN | 45.1% | 22.2% | 1.59 | - |
| Sector ETF (XLI) | 17.8% | 17.1% | 0.79 | 65.8% |
| Equity (SPY) | 21.2% | 12.8% | 1.23 | 49.6% |
| Gold (GLD) | 25.1% | 29.1% | 0.77 | 21.4% |
| Commodities (DBC) | 42.9% | 20.4% | 1.64 | -21.4% |
| Real Estate (VNQ) | 10.7% | 13.6% | 0.50 | 40.6% |
| Bitcoin (BTCUSD) | -31.0% | 43.5% | -0.73 | 23.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NDSN | |
|---|---|---|---|---|
| NDSN | 7.6% | 25.1% | 0.27 | - |
| Sector ETF (XLI) | 12.5% | 17.6% | 0.54 | 72.7% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 65.9% |
| Gold (GLD) | 19.6% | 18.8% | 0.85 | 9.7% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | 7.6% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 57.3% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 24.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NDSN | |
|---|---|---|---|---|
| NDSN | 13.4% | 28.3% | 0.49 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 72.9% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 68.9% |
| Gold (GLD) | 12.5% | 16.3% | 0.63 | 6.0% |
| Commodities (DBC) | 8.0% | 18.1% | 0.36 | 19.0% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 57.3% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 16.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/19/2026 | 8.0% | 8.0% | |
| 5/20/2026 | 3.8% | 4.3% | 7.1% |
| 2/18/2026 | -1.8% | -2.8% | -10.4% |
| 12/10/2025 | -0.8% | 1.1% | 11.4% |
| 8/20/2025 | 3.0% | 5.7% | 5.8% |
| 5/28/2025 | 6.8% | 8.9% | 10.3% |
| 2/19/2025 | 0.3% | -3.1% | -5.2% |
| 12/11/2024 | -8.2% | -14.7% | -16.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 13 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 3.0% | 5.1% | 5.8% |
| Median Negative | -5.2% | -4.7% | -7.1% |
| Max Positive | 8.0% | 9.5% | 11.4% |
| Max Negative | -13.9% | -14.7% | -16.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/19/2026 | 8.0% | 8.0% | |
| 5/20/2026 | 3.8% | 4.3% | 7.1% |
| 2/18/2026 | -1.8% | -2.8% | -10.4% |
| 12/10/2025 | -0.8% | 1.1% | 11.4% |
| 8/20/2025 | 3.0% | 5.7% | 5.8% |
| 5/28/2025 | 6.8% | 8.9% | 10.3% |
| 2/19/2025 | 0.3% | -3.1% | -5.2% |
| 12/11/2024 | -8.2% | -14.7% | -16.6% |
| 8/21/2024 | 3.3% | 3.8% | 3.5% |
| 5/20/2024 | -9.4% | -13.0% | -13.6% |
| 2/21/2024 | 4.5% | 2.0% | 3.2% |
| 12/13/2023 | 3.9% | 6.2% | 4.4% |
| 8/21/2023 | 2.2% | 5.1% | -1.3% |
| 5/22/2023 | 1.5% | 2.1% | 9.4% |
| 2/21/2023 | -13.9% | -10.6% | -15.2% |
| 12/14/2022 | 2.5% | 1.2% | 2.9% |
| 9/8/2022 | 0.9% | -3.9% | -7.1% |
| 5/23/2022 | 2.4% | 5.8% | -3.3% |
| 2/22/2022 | -2.6% | -1.8% | 0.7% |
| 12/15/2021 | -7.5% | -7.0% | -11.2% |
| 8/30/2021 | -0.1% | 1.9% | 1.7% |
| 5/24/2021 | 7.1% | 9.5% | 7.6% |
| 2/22/2021 | 1.9% | 5.1% | 7.5% |
| 12/15/2020 | -3.9% | -1.4% | -4.1% |
| 8/19/2020 | -6.4% | -5.6% | -5.8% |
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 13 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 3.0% | 5.1% | 5.8% |
| Median Negative | -5.2% | -4.7% | -7.1% |
| Max Positive | 8.0% | 9.5% | 11.4% |
| Max Negative | -13.9% | -14.7% | -16.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 08/20/2026 | 10-Q |
| 04/30/2026 | 05/21/2026 | 10-Q |
| 01/31/2026 | 02/19/2026 | 10-Q |
| 10/31/2025 | 12/17/2025 | 10-K |
| 07/31/2025 | 08/21/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 02/20/2025 | 10-Q |
| 10/31/2024 | 12/18/2024 | 10-K |
| 07/31/2024 | 08/22/2024 | 10-Q |
| 04/30/2024 | 05/23/2024 | 10-Q |
| 01/31/2024 | 02/22/2024 | 10-Q |
| 10/31/2023 | 12/20/2023 | 10-K |
| 07/31/2023 | 08/24/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 02/23/2023 | 10-Q |
| 10/31/2022 | 12/19/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 08/20/2026 | 10-Q |
| 04/30/2026 | 05/21/2026 | 10-Q |
| 01/31/2026 | 02/19/2026 | 10-Q |
| 10/31/2025 | 12/17/2025 | 10-K |
| 07/31/2025 | 08/21/2025 | 10-Q |
| 04/30/2025 | 05/29/2025 | 10-Q |
| 01/31/2025 | 02/20/2025 | 10-Q |
| 10/31/2024 | 12/18/2024 | 10-K |
| 07/31/2024 | 08/22/2024 | 10-Q |
| 04/30/2024 | 05/23/2024 | 10-Q |
| 01/31/2024 | 02/22/2024 | 10-Q |
| 10/31/2023 | 12/20/2023 | 10-K |
| 07/31/2023 | 08/24/2023 | 10-Q |
| 04/30/2023 | 05/25/2023 | 10-Q |
| 01/31/2023 | 02/23/2023 | 10-Q |
| 10/31/2022 | 12/19/2022 | 10-K |
| 07/31/2022 | 08/26/2022 | 10-Q |
| 04/30/2022 | 05/27/2022 | 10-Q |
| 01/31/2022 | 02/25/2022 | 10-Q |
| 10/31/2021 | 12/17/2021 | 10-K |
| 07/31/2021 | 08/31/2021 | 10-Q |
| 04/30/2021 | 05/28/2021 | 10-Q |
| 01/31/2021 | 03/04/2021 | 10-Q |
| 10/31/2020 | 12/18/2020 | 10-K |
| 07/31/2020 | 09/04/2020 | 10-Q |
| 04/30/2020 | 06/05/2020 | 10-Q |
| 01/31/2020 | 03/05/2020 | 10-Q |
| 10/31/2019 | 12/13/2019 | 10-K |
Recent Forward Guidance
Updated 8/20/2026Latest: Q3 2026 Earnings Reported 8/19/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 3.04 Bil | 3.06 Bil | 3.08 Bil | 2.9% | Raised | Guidance: 2.97 Bil for 2026 | |
| 2026 Adjusted EPS | Reported | 11.8 | 11.9 | 12 | 3.0% | Raised | Guidance: 11.6 for 2026 | |
Prior: Q2 2026 Earnings Reported 5/20/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 760.00 Mil | 775.00 Mil | 790.00 Mil | ||||
| Q3 2026 Adjusted EPS | Reported | 2.95 | 3.05 | 3.15 | ||||
| 2026 Revenue | Reported | 2.93 Bil | 2.97 Bil | 3.01 Bil | 1.7% | Raised | Guidance: 2.92 Bil for 2026 | |
| 2026 Adjusted EPS | Reported | 11.3 | 11.6 | 11.8 | 2.2% | Raised | Guidance: 11.3 for 2026 | |
Q1 2026 Earnings Reported 2/18/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 710.00 Mil | 725.00 Mil | 740.00 Mil | 11.5% | Higher New | Guidance: 650.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EPS | Reported | 2.7 | 2.8 | 2.9 | 19.1% | Higher New | Guidance: 2.35 for Q1 2026 | |
| 2026 Revenue | Reported | 2.86 Bil | 2.92 Bil | 2.98 Bil | 1.0% | Raised | Guidance: 2.89 Bil for 2026 | |
| 2026 Adjusted EPS | Reported | 11 | 11.3 | 11.6 | 1.3% | Raised | Guidance: 11.2 for 2026 | |
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Morris, Milton Mayo | Direct | Sell | 9032026 | 316.63 | 156 | 49,394 | 796,324 | Form | |
| 2 | McDonough, Jennifer L | EVP, GC, and Secretary | Direct | Sell | 8282026 | 336.00 | 260 | 87,360 | 2,132,256 | Form |
| 3 | Hopgood, Daniel Roy | EVP, CFO | Direct | Sell | 8272026 | 334.29 | 1,329 | 444,271 | 1,590,552 | Form |
| 4 | Subramanian, Srinivas | Executive Vice President | Direct | Sell | 4202026 | 280.00 | 3,100 | 868,000 | 1,793,960 | Form |
| 5 | Morris, Milton Mayo | Direct | Sell | 4162026 | 273.87 | 245 | 67,098 | 727,399 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Morris, Milton Mayo | Direct | Sell | 9032026 | 316.63 | 156 | 49,394 | 796,324 | Form | |
| 2 | McDonough, Jennifer L | EVP, GC, and Secretary | Direct | Sell | 8282026 | 336.00 | 260 | 87,360 | 2,132,256 | Form |
| 3 | Hopgood, Daniel Roy | EVP, CFO | Direct | Sell | 8272026 | 334.29 | 1,329 | 444,271 | 1,590,552 | Form |
| 4 | Subramanian, Srinivas | Executive Vice President | Direct | Sell | 4202026 | 280.00 | 3,100 | 868,000 | 1,793,960 | Form |
| 5 | Morris, Milton Mayo | Direct | Sell | 4162026 | 273.87 | 245 | 67,098 | 727,399 | Form | |
| 6 | Hall, Justin E | EVP | Direct | Sell | 4092026 | 275.82 | 716 | 197,487 | 417,867 | Form |
| 7 | Nagarajan, Sundaram | President and CEO | Direct | Sell | 2252026 | 293.26 | 41,800 | 12,258,268 | 19,010,286 | Form |
| 8 | Kelley, Joseph P | Executive Vice President | Direct | Sell | 2252026 | 293.04 | 8,725 | 2,556,788 | 2,129,827 | Form |
| 9 | Kelley, Joseph P | Executive Vice President | Direct | Sell | 2252026 | 289.31 | 23,052 | 6,669,276 | 2,186,928 | Form |
| 10 | Devries, James E | Executive Vice President | Direct | Sell | 11122025 | 233.60 | 9,100 | 2,125,760 | 11,965,693 | Form |
| 11 | Morris, Milton Mayo | Direct | Sell | 11032025 | 231.00 | 265 | 61,215 | 670,131 | Form | |
| 12 | Kelley, Joseph P | Executive Vice President | Direct | Sell | 10222025 | 240.00 | 2,200 | 528,000 | 1,537,200 | Form |
| 13 | Kelley, Joseph P | Executive Vice President | Direct | Sell | 10202025 | 232.39 | 2,300 | 534,497 | 1,999,716 | Form |
Investor Activity (13F)
Updated Sep 4, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 9/3/2026