Barnes Group Q4 Profit Tops Estimates

(RTTNews) - Barnes Group Inc. (B) reported fourth quarter adjusted net income per share of $0.36, down 58% from $0.86, a year ago. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.33, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net sales were $289 million, down 22% from $370 million prior year, with organic sales declining 21% primarily driven by the ongoing impacts of the global pandemic on the company's end markets. Analysts expected revenue of $282.78 million, for the quarter.

Barnes Group expects 2021 organic sales to be up 6% to 8%. Adjusted earnings per share are expected to be in the range of $1.65 to $1.90.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More