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Stock impact report

Barnes Group Inc. Reports First Quarter 2021 Financial Results

Barnes Group, Inc. (B) 
Last barnes group, inc. earnings: 4/24 06:30 am Check Earnings Report
Company Research Source: Business Wire
Sales 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 year’s $51.7 millionOperating Margin of 10.7%; Adjusted Operating Margin down 490 bps from last year’s 15.6%GAAP EPS of $0.38; Adjusted EPS down 46% from last year’s $0.712021 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 EPSof $1.64 BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter of 2021.“Barnes Group delivered a strong first quarter to open 2021 with solid Industrial revenue growth and modest sequential improvement in Aerospace. The additional sales volumes contributed to better than expected operating profit in the quarter and allowed Show less Read more
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