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Barnes Announces Third Quarter 2022 Earnings Conference Call and Webcast

BRISTOL, Conn., September 13, 2022--Barnes Group Inc. (NYSE: B) today announced it will release third quarter 2022 financial results on Friday, October 28, 2022, before the market opens.

Why Barnes Group is a Top 25 Dividend Giant (B)

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Barnes Group: Attractive Upside Despite Some Bumps On The Road

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Barnes Group (B) Q2 Earnings Surpass, Revenues Miss Mark

Barnes Group's (B) Q2 results reflect higher sales in Aerospace. However, B lowers the adjusted operating margin forecast due to the lackluster performance of the Industrial segment.

Why Shares of Barnes Group Slumped Today

Shares in engineering products company Barnes Group (NYSE: B) fell more than 8% by midday today. Barnes sells into two main end markets: industrial (healthcare, automation, mobility, packaging, and advanced packaging) and aerospace (commercial and military).

Barnes Shares Slide Post Q2 Top-Line Miss, FY22 Guidance Cut

Barnes Group Inc. (NYSE: B) reported that second-quarter FY22 sales were flat year-over-year at $321.27 million, +5% on an organic basis, missing the consensus of $329.1 million. Adjusted EPS improved to $0.56 compared to $0.45 in 2Q21, beating the consensus of $0.48. The company reported an operating loss of $(28.19) million, compared to a profit of $38.54 million a year ago. Industrial segment sales decreased by 9.6% Y/Y, and Aerospace segment sales increased by 26.2% Y/Y to $109.15 million. B