Barnes Group Inc. Reports Fourth Quarter and Full Year 2019 Financial Results
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Barnes Group (B) Tops Q4 EPS by 2c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
February 21, 2020 6:32 AM ESTBarnes Group (NYSE: B) reported Q4 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $370 million versus the consensus estimate of $376.23 million.
Fourth Quarter 2019:
Sales of $370 million, down 4% from last year; Organic Sales down 4%Operating Margin of 16.5%; Adjusted Operating Margin of 17.2%, up 190 bpsGAAP EPS of $0.80; Adjusted EPS of $0.86, up 2% versus prior year periodEnd market trends experienced throughout the year endured into the fourth quarter, as a weak global industrial manufacturing environment and lingering trade uncertainties unfavorably impacted revenues in our Industrial... More
