Barnes Group Inc.

NYSE:B   3:59:50 PM EDT
34.68
+0.21 (+0.61%)
Earnings Announcements

Barnes Reports Second Quarter 2022 Financial Results

Published: 07/29/2022 10:44 GMT
Barnes Group Inc. (B) - Barnes Reports Second Quarter 2022 Financial Results.
Q2 Adjusted Earnings per Share $0.56.
Q2 GAAP Loss per Share $0.78.
Q2 Sales Rose 5 Percent to $321 Million.
Forecasts 2022 Organic Sales Growth of +5% to +6%.
2022 Adjusted Earnings Are Expected to Be in Range of $1.90 to $2.05 per Share.
2022 Adjusted Operating Margin is Now Forecasted to Be in Range of 11% to 12%.
Co Forecasts Capital Expenditures of Between $40 and $45 Million and Cash Conversion of Approximately 100% of Net Income.
Co is Embarking on a Restructuring Program to Significantly Reduce Costs and Integrate Operations.
Q2 Earnings per Share View $0.48, Revenue View $329.1 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $2.16, Revenue View $1.34 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $330.19 Million
Adjusted EPS is expected to be $0.49

Next Quarter Revenue Guidance is expected to be $325.93 Million
Next Quarter EPS Guidance is expected to be $0.50

More details on our Analysts Page.