Barnes Group (B) Tops Q4 EPS by 3c, Offers Guidance
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Barnes Group Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
February 19, 2021 6:30 AM ESTFourth Quarter 2020:
Sales of $289 million, down 22% versus prior year period; Organic Sales down 21% Operating Margin of 11.3%; Adjusted Operating Margin of 11.4%, down 580 bps GAAP EPS of $0.35; Adjusted EPS of $0.36, down 58% versus prior year periodÂFull Year 2020:
Sales of $1,124 million, down 25% from 2019; Organic Sales down 22% Operating Margin of 11.0%; Adjusted Operating Margin of 12.8%, down 360 bps GAAP EPS of $1.24; Adjusted EPS of $1.64, down 49% from 2019Â2021 Outlook:
2021 Organic Sales Growth of +6% to +8% 2021 Adjusted EPS of... More