Barnes: Q2 Earnings Insights

Shares of Barnes Group B fell 0.5% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 64.00% over the past year to $0.27, which beat the estimate of $0.22.

Revenue of $235,537,000 declined by 36.63% year over year, which missed the estimate of $242,000,000.

Guidance

Q3 EPS expected between $0.22 and $0.32.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.barnesgroupinc.com%2Fevents-and-presentations%2Fevents%2Fevent-details%2F2020%2FBarnes-Group-Inc-2nd-Quarter-2020-Earnings-Conference-Call--Webcast%2Fdefault.aspx&eventid=2350200&sessionid=1&key=1BA566107061527BD4FCDCBED0E09973&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $68.60

Company's 52-week low was at $30.22

Price action over last quarter: down 4.22%

Company Description

Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. This segment also provides aftermarket maintenance, overhaul and repair services for turbine engine manufacturers, airlines, and the military. The company generates around half of its revenue from the domestic American market.