Barnes Group Q3 2023 Earnings Report
Key Takeaways
Barnes Group's Q3 2023 sales were $361 million, up 15% from the prior year, with organic sales increasing 4%. GAAP EPS was -$0.43, while adjusted EPS was $0.19. The company is forecasting 2023 organic sales growth of +5% to +6% and adjusted EPS of $1.57 to $1.67.
Sales of $361 million, up 15% versus prior year period; Organic Sales up 4%
GAAP Operating Margin of 2.8%; Adjusted Operating Margin of 10.8%, down 160 bps from a year ago
GAAP EPS of -$0.43; Adjusted EPS of $0.19 versus $0.49 in the prior year period
Forecasts 2023 Organic Sales Growth of +5% to +6%
Barnes Group
Barnes Group
Barnes Group Revenue by Segment
Forward Guidance
Barnes forecasts organic sales growth of 5% to 6% for 2023 with adjusted operating margin of between 11% and 12%. Adjusted earnings are expected to be in the range of $1.57 to $1.67 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income