Barnes Group Inc. (NYSE:B) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants William Pitts - VP, IR Julie K. Streich - SVP, Finance and CFO Thomas J. Hook - President and CEO Conference Call Participants Matt Summerville - D.A. Davidson Christopher Glynn - Oppenheimer Sam Struhsaker - Truist Securities Greg Dahlberg - Wolfe Research Operator Thank you for standing by. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone t ...

For the quarter ended March 2024, Barnes Group (B) reported revenue of $430.64 million, up 28.4% over the same period last year. EPS came in at $0.38, compared to $0.47 in the year-ago quarter.The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $425.32 million. With the consensus EPS estimate being $0.35, the EPS surprise was +8.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Barnes Group (B) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this aerospace and industrial parts supplier would post earnings of $0.35 per share when it actually produced earnings of $0.41, delivering a surprise of 17.14%.Over the last fo ...

Exhibit 99.1 860.583.7070 | info@onebarnes.com onebarnes.com BARNES REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: • Sales of $431 million, up 28%; Organic Sales up 4% • Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps • Adjusted EBITDA Margin of 18.7%, up 130 bps • GAAP EPS of $0.04; Adjusted EPS of $0.38, down 19% 2024 Outlook: • Sal ...

The market expects Barnes Group (B) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Barnes Group Inc. (B) has failed to impress investors with its recent operational performance on account of softness in the Industrial segment, rising operating costs and increasing debt level. These factors are likely to impede Barnes’ earnings in the quarters ahead.Let’s discuss the factors, which are likely to continue taking a toll on this current Zacks Rank #4 (Sell) company.Business Weakness: Weak motion control solutions and automation businesses have been adversely affecting the Industrial segment. ...

Barnes Group Inc. (B) recently announced that it has completed the expansion of its Maintenance, Repair and Overhaul (MRO) facility based in East Granby, CT.The Barnes Aerospace East Granby facility is engaged in performing complex repairing of cases, diffusers, frames, bearing housings and rotating hardware across various military and commercial engine platforms for the aerospace and industrial gas turbine markets.As noted, the facility is certified by the U.S. Federal Aviation Administration, the Civil Av ...

Barnes Group Inc. (B) recently announced the completion of the sale of its Associated Spring and Hänggi businesses to One Equity Partners for $175 million, out of which payment of $21 million will be made after the transfer of certain foreign assets. This deal was announced in January 2024.Headquartered in New York, One Equity Partners is a middle-market private equity company that invests in the industrial, technology and healthcare sectors in North America and Europe. The company has assets under manageme ...

Key PointsThe latest manufacturing data proves Goldman's projections right; the sector could continue expanding. Three stocks quickly became analyst favorites to broaden their earnings in the coming quarter.Price action, fundamentals, and some institutions are all behind the trend. 5 stocks we like better than BoeingThe global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4801 BARNES GROUP INC. (Exact name of registrant as specified in its charter) Delaware 06-0247840 (State of incorporation) (I.R.S. Employer Identific ...