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Barnes Group's (B) Q4 revenues increase 32.6% year over year, driven by the impressive performance of its Aerospace segment.
The headline numbers for Barnes Group (B) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Barnes Group (B) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.52 per share a year ago.
Barnes Group Inc. (B) Q4 2023 Earnings Call Transcript
Get a deeper insight into the potential performance of Barnes Group (B) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Barnes (B) to benefit from the solid momentum in the Aerospace segment and accretive acquisitions. However, cost inflation remains a concern.
Barnes' (B) divestments of the Associated Spring and Hanggi businesses will enable it to focus more on its core business and rebalance its portfolio toward the Aerospace segment.
Barnes (B) experiences weakness in its operations due to weakness in the Industrial segment. Rising costs are added concerns for the company.
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B) today announced it will release fourth quarter and full year 2023 financial results on Friday, February 16, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conf.
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