Barnes Group (B) Tops Q2 EPS by 5c, Offers Q3 Guidance
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Barnes Group Inc. Reports Second Quarter 2020 Financial Results
July 28, 2020 6:30 AM EDTSales of $236 million, down 37% from last year; Organic Sales down 32% Operating Income of $10.1 million; Adjusted Operating Income of $27.8 million, down 52% Operating Margin of 4.3%; Adjusted Operating Margin of 11.8%, down 390 bps GAAP EPS of $0.01; Adjusted EPS of $0.27, Down 64% from a Year Ago Solid Balance Sheet Maintained, Leverage Sustained at 2.4x EBITDA 2020 Full Year Outlook Remains Suspended; Provides Third Quarter Expectation
BRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial... More
