Nordson's Steady Growth in Precision Solutions Offsets Polymer Weakness, Oppenheimer Says

MT Newswires Live08-28

Nordson's (NDSN) industrial precision solutions division showed resilience during the quarter driven by strong performance in traditional packaging and nonwovens end-markets, Oppenheimer said in a note emailed Tuesday.

The company's growth in industrial precision solutions offsets softer results in polymer processing as the division benefits from steady base markets, a high percentage of parts and consumables, and ongoing benefits of NBS Next, according to the note.

The firm said that Nordson's global leadership in precision dispensing has led to the identification of high-value, scalable customer applications in various sectors, including inside coatings for cans, fabric bonding, recycling, and automotive applications.

Oppenheimer said the medical and fluid solutions business is seeing a recovery in general industrial and electronics markets, although medical markets are softening, except for the biopharma segment, which has stabilized after a post-COVID correction.

The firm now expects Nordson's medical and fluid solutions to decline in fiscal 2025 due to reduced demand in medical interventional and fluid components following high comparisons that included inventory build-up and backlog reduction.

Oppenheimer has a perform rating on Nordson's stock.

Price: 256.02, Change: -0.38, Percent Change: -0.15

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