Barnes Group Inc. Reports First Quarter 2020 Financial Results
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Barnes Group (B) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q EPS Guidance Below Consensus, FY20 Outlook Remain Suspended
April 24, 2020 6:35 AM EDTBarnes Group (NYSE: B) reported Q1 EPS of $0.71, $0.22 better than the analyst estimate of $0.49. Revenue for the quarter came in at $331 million versus the consensus estimate of $316.73 million.
Sales of $331 million, down 12% from last year; Organic Sales down 8%Operating Income of $49.3 million; Adjusted Operating Income of $51.7 million, down 5%Operating Margin of 14.9%; Adjusted Operating Margin of 15.6%, up 110 bpsGAAP EPS of $0.58; Adjusted EPS of $0.71, Unchanged from a Year AgoMaintains Solid Financial Position with Sufficient Liquidity2020 Full Year Outlook Remains... More