Barnes Group (B) Q2 Earnings Miss Estimates, Sales Rise Y/Y
Barnes (B) ZACKS·2024-07-29 16:51Barnes 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 ...