Barnes Group (B) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q EPS Guidance Below Consensus, FY20 Outlook Remain Suspended

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Go back to Barnes Group (B) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q EPS Guidance Below Consensus, FY20 Outlook Remain Suspended

Barnes Group Inc. Reports First Quarter 2020 Financial Results

April 24, 2020 6:30 AM EDT

Sales of $331 million, down 12% from last year; Organic Sales down 8% Operating Income of $49.3 million; Adjusted Operating Income of $51.7 million, down 5% Operating Margin of 14.9%; Adjusted Operating Margin of 15.6%, up 110 bps GAAP EPS of $0.58; Adjusted EPS of $0.71, Unchanged from a Year Ago Maintains Solid Financial Position with Sufficient Liquidity 2020 Full Year Outlook Remains Suspended; Provides Second Quarter Expectation

BRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative... More