Nordson Corporation Reports 10.3% Sales Increase and 21.5% Net Income Growth in Third Quarter 2026

Nordson Corporation reported a significant increase in financial performance for the third quarter and the first nine months of fiscal year 2026, ending July 31, 2026. The company achieved sales of $817.7 million for the three months ended July 31, 2026, representing a 10.3% increase from $741.5 million in the same period last year. For the nine-month period, sales rose by 9.2% to $2.23 billion, compared to $2.04 billion in the prior year. Net income for the third quarter was $152.8 million, or $2.73 per diluted share, up 21.5% from $125.8 million, or $2.22 per diluted share, in the previous year. For the nine months, net income increased by 21.2% to $403.5 million, or $7.20 per diluted share.

The company's operating profit also saw a notable rise, increasing by 18.8% to $223.1 million for the third quarter and by 17.9% to $586.7 million for the nine-month period. The growth in operating profit was attributed to higher sales and the absence of divestiture charges that impacted the previous year. Gross margins improved slightly, reaching 55.5% for the third quarter and 54.9% for the nine months, reflecting effective cost management despite rising selling and administrative expenses, which increased by 11.7% and 5.0%, respectively.

Strategically, Nordson expanded its operations through the acquisition of CapstanAG in March 2026, aimed at enhancing its precision agriculture business in North America. This acquisition, while not materially impacting consolidated financial results, aligns with the company's focus on growth in key markets. The company also reported strong performance across its segments, with the Advanced Technology Solutions segment experiencing a 30.9% organic sales increase in the third quarter, driven by robust demand in electronics dispensing and testing products.

Geographically, Nordson's sales were bolstered by a 24.1% increase in the Asia Pacific region for the third quarter, while the Americas and Europe also reported growth. The company maintained a strong balance sheet, with cash and cash equivalents totaling $113.4 million as of July 31, 2026, and a significant reduction in long-term debt. Looking ahead, Nordson remains optimistic about its growth trajectory, supported by its strategic initiatives and strong operational performance, although it acknowledges potential risks from international market conditions and regulatory changes.