Barnes Group Inc. (B) is grappling with persistent weakness due to softness across the Industrial segment and high cost of sales. Also, given the company’s extensive international presence, foreign currency headwind is an added uncertainty.Headquartered in Bristol, CT, Barnes is a global diversified manufacturer and supplier of highly engineered products, innovative solutions and differentiated industrial technologies. It boasts a diverse range of market-leading brands like Seeger Orbis and Associated Sprin ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Barnes Group Inc. (B) is an engineering solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 6.4% downward over the last 60 days.CONMED Corporation (CNMD) is a medical technology company. The Zacks Consensus Estimate for its current year earnings has been revised 7.2% downward over the last 60 days.Cochlear Limited (CHEOY) is a company that provides implantable hearing solutions.The Zacks Con ...

BNC First Day Program Revenues Increased 32% Recent Initiatives Expected to Drive Over $10 Million of Go-Forward Savings BASKING RIDGE, N.J., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today reported sales and earnings for the first quarter ended on July 27, 2024. The following figures are GAAP results from continuing operations on a consolidated basis, unless noted otherwise. Note that Adjusted EBITDA is a non-GAA ...

Barnes Group Inc. (B) has failed to impress investors with its recent operational performance due to weakness across the Industrial segment and high cost of sales. Also, given the company’s extensive international presence, foreign currency headwind is an added uncertainty.Based in Bristol, CT, Barnes is a global diversified manufacturer and supplier of highly engineered products, innovative solutions and differentiated industrial technologies. It boasts a diverse range of market-leading brands like Seeger ...

Have you looked into how Barnes Group (B) performed internationally during the quarter ending June 2024? Considering the widespread global presence of this aerospace and industrial parts supplier, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-----------------------------------------------------------------------------|------------------------------------------------------------------------|------------------ ...

Barnes Group Inc. (B) reported adjusted earnings of 37 cents per share in second-quarter 2024, which missed the Zacks Consensus Estimate of 39 cents. The metric decreased 36% year over year.Inside the HeadlinesTotal sales of $382 million missed the Zacks Consensus Estimate of $399 million. The top line increased 13% year over year, with organic sales growth of 5%.Barnes Group reports sales under two heads, namely Industrial and Aerospace. A brief snapshot of segmental sales is provided below:Sales from the ...

Monty Rakusen/DigitalVision via Getty ImagesInvestment thesis for Barnes Group Investors voted with their feet on July 26, when the Barnes Group Inc. (NYSE:B) earnings report fell short on two key measures. But there is more going on than just missing the consensus estimates. There are credible reports that the company is “exploring its options”, such as looking for a buyer. And while we await confirmation one way or the other, Barnes continues the transformation process, to make itself more growth and ...

Barnes Group Inc. (NYSE:B) Q2 2024 Earnings Call Transcript July 26, 2024 8:30 AM ET Company Participants Bill Pitts - VP of IR Thomas Hook - President and CEO Julie Streich - SVP, Finance and CFO Conference Call Participants Gregory Dahlberg - Wolfe Research Matt Summerville - D.A. Davidson Sam Struhsaker - Truist Securities Christopher Glynn - Oppenheimer Operator Thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to t ...

For the quarter ended June 2024, Barnes Group (B) reported revenue of $382.23 million, up 12.8% over the same period last year. EPS came in at $0.37, compared to $0.58 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $398.8 million, representing a surprise of -4.15%. The company delivered an EPS surprise of -5.13%, with the consensus EPS estimate being $0.39.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...