Special thanks to FinTool, Tenzing MEMO, and Fiscal.ai, which were used as part of this research.
Typically, I’d prefer not to red-flag a company just before it reports results – by one day, no less – but since this one was in the works, I figured… better now than never.
In this case, as I mentioned in last week’s Wrap, among the companies I’ve been doing some work on is Nordson NDSN 0.00%↑, which I described as an Ingersoll Rand IR 0.00%↑ wannabe.
That’s why, if the above “false narrative” headline looks familiar, it’s the same one I used with Ingersoll Rand. Not only are both rollups, but while Ingersoll Rand’s revenues are nearly triple Nordson’s, their narratives are from the same playbook – both calling themselves “growth compounders.”
Unlike Ingersoll Rand, however, which calls itself “a premier growth compounder,” the tagline “growth compounder” has only been a prominent part of Nordson’s investor pitch for a little over a year. It’s now mentioned on most earnings calls and shows up one way or another in every earnings presentation…
But… is it really?