Barnes Group's Q3 Adjusted Earnings Decline, Net Sales Increase

MT Newswires Live

2024-10-25

Barnes Group (B) reported Q3 adjusted earnings Friday of $0.09 per diluted share, down from $0.19 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Net sales for the quarter ended Sept. 30 were $387.8 million, compared with $361 million a year earlier.

Analysts polled by Capital IQ expected $380.3 million.

The company suspended its financial guidance for the full year 2024 given the pending transaction, under which it will be acquired by by funds managed by affiliates of Apollo Global Management (APO).

Price: 46.63, Change: -0.07, Percent Change: -0.15

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