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$NDSN Possible long on Breakout

NASDAQ:NDSN   Nordson Corporation
Nagarajan said, "Though our performance through the first half of the year has been solid considering the impact of COVID-19 on the global end markets we serve, and we have a strong backlog heading into the second half of the year, we have seen a softening in order trends over the last six weeks. This is a dynamic environment, making it difficult to accurately forecast the impact this pandemic will have on our business for the remainder of the fiscal year. We have a solid foundation, fortified by the diversity of our business and our strong balance sheet. We will stay focused on the health and safety of our employees and the success of our customers, and we will continue to progress our long-term strategic priorities of accelerating organic growth, diversifying through acquisition, leveraging the Nordson Business System and focusing on talent development."
Sales were $529 million
Operating profit was $125 million, or 24 percent of sales
EBITDA was $152 million, or 29 percent of sales
GAAP diluted EPS was $1.58
Adjusted diluted EPS was $1.58 compared to $1.54 in the prior year’s second quarter

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