Barnes Group Inc. (B) is benefiting from the strong performance of the Aerospace segment. The wear and tear from the increased use of older planes in the commercial market, particularly with narrowbody engines like the CFM56 and V2500, is aiding the after-market sales. The company has stepped up the production of both narrow-body airframes and wide-body airframes, and its maintenance, repair and overhaul (MRO) activity is strong. This underlying strength, along with the MB Aerospace acquisition, fueled the ...

Barnes Group Inc. (B) recently finalized a long-term extension of a repair services contract with RTX Corporation’s (RTX) Pratt & Whitney Canada (“P&WC”). Per the agreement, both companies will collaborate on maintenance, repair and overhaul of highly engineered and complex parts utilized in aero engine cases, rotating components, seals and shrouds.The recently signed contract extension is a testimony to the longstanding partnership between Barnes and P&WC, which started in the 1970s. The agreement will boo ...

Barnes Group Inc. (B) has been benefiting from strong momentum in the Aerospace segment and accretive acquisitions despite weakness in the Industrial segment and the rising cost of sales.Let us discuss the factors why investors should retain the stock for the time being.Growth CatalystsBusiness Strength: Barnes is benefiting from the strong performance of the Aerospace segment. Strength in the original equipment manufacturer (OEM) and Aftermarket businesses is supporting the segment’s revenues. Continued gr ...

Have you assessed how the international operations of Barnes Group (B) performed in the quarter ended March 2024? For this aerospace and industrial parts supplier, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-----------------------------------------------------------------------------|------------------------------------------------------------------------|----------------- ...

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 ...

Barnes Group Inc. (NYSE:B) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants William Pitts - VP, IR Julie K. Streich - SVP, Finance and CFO Thomas J. Hook - President and CEO Conference Call Participants Matt Summerville - D.A. Davidson Christopher Glynn - Oppenheimer Sam Struhsaker - Truist Securities Greg Dahlberg - Wolfe Research Operator Thank you for standing by. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone t ...

For the quarter ended March 2024, Barnes Group (B) reported revenue of $430.64 million, up 28.4% over the same period last year. EPS came in at $0.38, compared to $0.47 in the year-ago quarter.The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $425.32 million. With the consensus EPS estimate being $0.35, the EPS surprise was +8.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

Barnes Group (B) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this aerospace and industrial parts supplier would post earnings of $0.35 per share when it actually produced earnings of $0.41, delivering a surprise of 17.14%.Over the last fo ...

Exhibit 99.1 860.583.7070 | info@onebarnes.com onebarnes.com BARNES REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: • Sales of $431 million, up 28%; Organic Sales up 4% • Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps • Adjusted EBITDA Margin of 18.7%, up 130 bps • GAAP EPS of $0.04; Adjusted EPS of $0.38, down 19% 2024 Outlook: • Sal ...