Barnes (B) - 2024 Q2 - Quarterly Results
Barnes (B)2024-07-26 10:44Exhibit 99.1 860.583.7070 | info@onebarnes.com onebarnes.com BARNES REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Significant Progress Made on Transforming to an Aerospace Focused Company Comparisons are year-over-year unless noted otherwise Second Quarter 2024: • Sales of $382 million, up 13%; Organic Sales up 5% • Operating Margin of -0.6%; Adjusted Operating Margin of 12.4%, down 40 bps • Adjusted EBITDA Margin of 20.0%, up 20 bps • GAAP EPS of -$0.91; Adjusted EPS of $0.37, down 36% • Records Automation ...