Barnes Group (B) Tops Q4 EPS by 2c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus
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Barnes Group Inc. Reports Fourth Quarter and Full Year 2019 Financial Results
February 21, 2020 6:30 AM ESTFourth 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 bps GAAP EPS of $0.80; Adjusted EPS of $0.86, up 2% versus prior year periodÂFull Year 2019:
Sales of $1,491 million, down slightly from 2018; Organic Sales down 2% Record Operating Income of $236.4 million; Adjusted Operating Income of $244.1 million, up 2% Operating Margin of 15.9%; Adjusted Operating Margin of 16.4%, up 40 bps GAAP EPS of $3.07; Adjusted EPS of $3.21, down slightly from 2018Â2020 Outlook:... More
