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What: Shares of adhesive equipment maker Nordson
So what: After the close yesterday, Nordson reported results for its fiscal first quarter. Revenue for the quarter increased 23% from 2010 on 24% volume growth while earnings per share were up 71%. Revenue of $271 million and EPS of $1.33 easily topped analysts' estimates of $261 million and $1.10, respectively.
Now what: The performance during the quarter was broad-based across product groups and geographies and included a 45% jump in backlog versus the same quarter in 2010. Management sees continued growth ahead as well as the company continues to benefit from an economic bounce-back. For the next quarter, the company expects earnings per share of $1.70 to $1.82, which blows away the $1.25 that Wall Street had been estimating.
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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.