Barnes Group (B) Q4 Earnings Top Estimates, Revenues Miss

Barnes Group Inc. (B) reported adjusted earnings of 41 cents per share in fourth-quarter 2023, surpassing the Zacks Consensus Estimate of adjusted earnings of 35 cents per share. The bottom line declined 21% year over year due to the increasing cost of sales.Inside the HeadlinesTotal revenues of $415.5 million missed the Zacks Consensus Estimate of $420 million. Nevertheless, the top line increased 32.6% year over year, with organic sales growth of 2%.Barnes reports revenues under two heads, namely Industri ...