Barnes Group (B) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Barnes Group reported revenue of $415.54 million for the quarter ended December 2023, reflecting a year-over-year increase of 32.6% [1] - The earnings per share (EPS) for the quarter was $0.41, down from $0.52 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate by 1.00%, while the EPS exceeded the consensus estimate by 17.14% [1] Financial Performance Metrics - Net Sales in the Industrial segment were $202.85 million, surpassing the average estimate of $198.47 million, but showing a year-over-year decline of 1% [2] - Net Sales in the Aerospace segment reached $212.69 million, which is below the estimated $221.28 million but represents a significant year-over-year increase of 96% [2] - Non-GAAP Operating Income for the Industrial segment was reported at $20.43 million, exceeding the average estimate of $14.02 million [2] - Non-GAAP Operating Income for the Aerospace segment was $27.24 million, slightly below the average estimate of $27.79 million [2] Stock Performance - Over the past month, shares of Barnes Group have returned +18%, outperforming the Zacks S&P 500 composite's +5.3% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [2]