Nordson Corporation (NASDAQ:NDSN) Q1 2023 Earnings Call Transcript

Joe Kelley: Yes, I would I would — I guess comment, I wouldn’t take the Q1 run rate and say annualize that. I think Q1 for that business like many businesses, is light. Again, our Q1 includes Thanksgiving. Our Q1 includes Christmas and our Q1 included the Chinese New Year. So I would think that their Q1 is not indicative of their quarterly run rate but probably $15 million to $20 million — or 15% to 20% light.

Sundaram Nagarajan: Yes. On a year-on-year basis, yes, they would be lighter, but it’s not I wouldn’t take our first quarter and run with that.

Jeff Hammond: Okay. Thanks so much.

Joe Kelley: Thank you.

Sundaram Nagarajan: Thank you.

Operator: And there are no further questions at this time. So I will now turn the call back to Naga for additional and closing remarks.

Sundaram Nagarajan: Our first quarter performance was solid, and it reflects the strength of our differentiated position technology, customer-centric business model and diversified geographic and product end markets. While we are seeing some change in order patterns, 2023 remains a strong year with our guidance reflecting our ability to sustain our record 2022 performance. We will remain financially prudent in this environment. We’ll adopt a balanced approach that remains invested in innovation and differentiated service experience for our customers in strong core businesses. Thank you for your time and attention on today’s call. Have a great day.

Operator: And ladies and gentlemen, this concludes today’s conference call. We thank you for your participation. You may now disconnect.