Barnes Group (B) Reports In-Line Q3 EPS; Offers FY22 EPS
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Barnes Reports Third Quarter 2022 Financial Results
October 28, 2022 6:30 AM EDTRobust Aerospace Aftermarket Offset by Continuing Industrial Pressure
Sales of $315 million, down 3% from last year; Organic Sales up 2% Operating Margin of 9.5%; Adjusted Operating Margin of 12.4%, down 110 bps from a year ago GAAP EPS of $0.33; Adjusted EPS of $0.49, down 11% versus the prior year period Forecasts 2022 Organic Sales Growth of +5% to +6% Expecting 2022 Adjusted EPS of $1.90 to $2.00; Down 2% to Up 3% from 2021 Adjusted EPS of $1.94BRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and... More
