Barnes Group (NYSE: B) reported Q2 EPS of $0.81, $0.12 better than the analyst estimate of $0.69. Revenue for the quarter came in at $364 million versus the consensus estimate of $335.82 million.

GUIDANCE:

Barnes Group sees FY2017 EPS of $2.80-$2.90, versus the consensus of $2.78.

• Barnes Group now expects 2017 total revenue growth of 14% to 15% with organic revenue growth of 9% to 10% and 5% from acquisition revenues. Foreign exchange is not anticipated to have a meaningful impact for the year. Adjusted operating margins are forecasted to be in the range of 15.5% to 16.0%. Adjusted earnings from continuing operations are expected to be in the range of $2.80 to $2.90 per diluted share, up 11% to 15% from 2016’s adjusted diluted earnings per share of $2.53. Further, the Company anticipates capital expenditures of approximately $55 million and cash conversion greater than 90% of net income. For 2017, the effective tax rate is expected to be approximately 24%.

For earnings history and earnings-related data on Barnes Group (B) click here.