Barnes Group (B) Q1 Earnings & Revenues Surpass Estimates

Barnes Group Inc. (B) reported adjusted earnings of 38 cents per share in first-quarter 2024, surpassing the Zacks Consensus Estimate of 35 cents. However, the bottom line declined 19% year over year due to the increasing cost of sales.Inside the HeadlinesTotal revenues of $430.6 million beat the Zacks Consensus Estimate of $425 million. The top line increased 28.4% year over year, with organic sales growth of 4%.Barnes Group reports revenues under two heads, namely Industrial and Aerospace. A brief snapsho ...