Nordson Dips on Q4 Results

Shares of Nordson

are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are bid $41.50, at $52.19; they ended the regular session lower by 3.68%, at $44.53. Rick's Cabaret reported Q4 EPS of $0.81 on revenues of $331 million. Revenues increased 14% year over year. "Our continued focus on meeting customer needs with innovative precision technology, application expertise and direct global service enabled us to deliver another quarter of excellent performance," said Nordson President and Chief Executive Officer Michael F. Hilton. "Strong top line growth coupled with the efficiency of our global team resulted in very strong operating margin of 24 percent for the quarter…Strong free cash flow in the quarter enabled us to continue funding initiatives in new product development, supply chain optimization and continuous improvement activities. In addition to these investments in the business, we maintained our commitment to returning value to shareholders as we increased our dividend for the 48th consecutive year and we continued our share repurchase program during the quarter." The company sees Q1 revenues in the range of $270-281 million. This sales outlook indicates growth will be in the range of flat to up 4 percent compared to the first quarter a year ago. Nordson Corporation is a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing. Its technology-based systems can be found in production facilities globally.