Barnes Group (B) Tops Q1 EPS by 7c, Updates Guidance
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Barnes Group Inc. Reports First Quarter 2021 Financial Results
April 30, 2021 6:30 AM EDTSales of $302 million, down 9% from last year; Organic Sales down 10%
Operating Income of $32.4 million; Adjusted Operating Income down 37% from last years $51.7 million
Operating Margin of 10.7%; Adjusted Operating Margin down 490 bps from last years 15.6%
GAAP EPS of $0.38; Adjusted EPS down 46% from last years $0.71
2021 Sales Growth Expectation Increased to 11% to 13% with Organic Sales Growth of 10% to 12%
2021 EPS Outlook Increased to $1.78 to $1.98; Up 9% to 21% from 2020 Adjusted EPS
of $1.64
BRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), a... More
