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Sep 30, 2024
Barnes Group Q3 2024 Earnings Report
Reported strong aerospace aftermarket driving top-line growth.
Key Takeaways
Barnes Group Inc. reported financial results for the third quarter of 2024. Sales were up 7% to $388 million, with organic sales up 4%. Adjusted EPS was $0.09, down 52%. The company is pending acquisition by Apollo Funds.
Sales of $388 million, up 7%; Organic Sales up 4%
Operating Margin of 10.8%; Adjusted Operating Margin of 12.3%, up 150 bps
Adjusted EBITDA Margin of 19.8%, up 140 bps
GAAP EPS of -$0.04; Adjusted EPS of $0.09, down 52%
Barnes Group
Barnes Group
Barnes Group Revenue by Segment
Forward Guidance
Given the pending acquisition of Barnes by Apollo Funds, the Company will not be conducting a third quarter 2024 conference call and webcast. In addition, Barnes is suspending its financial guidance for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income