Barnes Group (B) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Barnes Group reported revenue of $382.23 million for the quarter ended June 2024, reflecting a year-over-year increase of 12.8% [1] - The earnings per share (EPS) for the quarter was$ 0.37, down from $0.58 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of$ 398.8 million, resulting in a surprise of -4.15% [1] - The EPS also missed the consensus estimate of $0.39, with a surprise of -5.13% [1] Financial Performance Metrics - Net Sales in the Industrial segment were$ 164.27 million, exceeding the average estimate of $158.75 million, but showing a decline of 24.3% compared to the year-ago quarter [2] - Net Sales in the Aerospace segment were$ 217.96 million, below the average estimate of $240.08 million, but representing a significant increase of 78.6% year-over-year [2] - Non-GAAP Operating Profit for the Industrial segment was$ 15.25 million, slightly above the estimated $14.89 million [2] - Non-GAAP Operating Profit for the Aerospace segment was$ 32.33 million, marginally below the average estimate of $32.44 million [2] Stock Performance - Over the past month, shares of Barnes Group have returned +0.8%, contrasting with a -1.2% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]