Barnes Group (B) Tops Q2 EPS by 7c; Offers FY22 EPS Guidance
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Barnes Reports Second Quarter 2022 Financial Results
July 29, 2022 6:30 AM EDTContinued Strong Aerospace Performance, Industrial Confronting Headwinds
Sales of $321 million, similar to the prior year period; Organic Sales up 5% Operating Margin of -8.8%; Adjusted Operating Margin of 12.5%, up 30 bps from a year ago GAAP EPS of -$0.78; Adjusted EPS of $0.56, up 24% versus the prior year period Forecasts 2022 Organic Sales Growth of +5% to +6% Expecting 2022 Adjusted EPS of $1.90 to $2.05; Down 2% to Up 6% from 2021 Adjusted EPS of $1.94 Records Automation goodwill impairment and Announces Industrial restructuring actionsBRISTOL, Conn.--(BUSINESS WIRE)-- Barnes Group Inc. (NYSE: B), a global... More
