Barnes Group (B) Q1 Earnings & Revenues Surpass Estimates [Yahoo! Finance]
Barnes Group, Inc. (B)
Last barnes group, inc. earnings: 4/24 06:30 am
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US:NYSE Investor Relations:
ir.barnesgroupinc.com/investor-relations/overview/default.aspx
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Source: Yahoo! Finance
However, the bottom line declined 19% year over year due to the increasing cost of sales. Inside the Headlines Total revenues of $430.6 million beat the Zacks Consensus Estimate of $425 million. The top line increased 28.4% year over year, with organic sales growth of 4%. Barnes Group reports revenues under two heads, namely Industrial and Aerospace. A brief snapshot of segmental sales is provided below: Revenues from the Industrial segment amounted to $209 million, down 4% year over year. Also, organic sales were down 4% year over year. Our estimate for segmental revenues was $195.4 million. The Aerospace segment's sales totaled $221 million in the first quarter, up 89% year over year. Organic sales increased 19%, and acquisition-boosted sales rose 70%. The upside can be attributed to an 85% surge in Aerospace original equipment manufacturing sales and a 94% rise in aftermarket sales. Our estimate for segmental revenues was $229 million. Barnes Group, Inc. Price, Consensu
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B
News
- Barnes Group: A Promising Turnaround With An Aerospace Focus [Seeking Alpha]Seeking Alpha
- Barnes Declares Quarterly DividendBusiness Wire
- Barnes Group Inc. (NYSE:B) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Don't Overlook Barnes Group (B) International Revenue Trends While Assessing the Stock [Yahoo! Finance]Yahoo! Finance
- Barnes Group (B) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
B
Earnings
- 4/26/24 - Beat
B
Sec Filings
- 5/9/24 - Form 8-K
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- B's page on the SEC website