Barnes Group (B) Tops Q4 EPS by 3c; Issues FY23 Outlook
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Barnes Reports Fourth Quarter and Full Year 2022 Financial Results
February 17, 2023 6:30 AM ESTFocused on Core Business Execution to Unlock Enterprise Value
Fourth Quarter 2022:
Sales of $313 million, up 1% versus prior year period; Organic Sales up 5% Operating Margin of 7.7%; Adjusted Operating Margin of 11.2%, down 20 bps from a year ago GAAP EPS of $0.30; Adjusted EPS of $0.52, down 5% versus prior year periodFull Year 2022:
Sales of $1,262 million, up slightly from 2021; Organic Sales up 4% Operating Margin of 4.5%; Adjusted Operating Margin of 11.6%, down 40 bps GAAP EPS of $0.26; Adjusted EPS of $1.98, up 2% over last year2023 Outlook:
2023... More