Barnes Group reports Q4 adjusted EPS 41c, consensus 35c

Reports Q4 revenue $416M, consensus $420.47M. “Barnes has made meaningful progress executing our business transformation and long-term profitable growth strategy. We delivered full year organic sales growth in our Aerospace business, and the acquisition of MB Aerospace further enhances our capabilities and scale as we deepen and broaden our customer relationships,” said Thomas J. Hook, President and CEO of Barnes. “With the recent announcement of the divestiture of our Associated Spring and Hanggi businesses, we continue to shift our portfolio to a high growth, high margin, and value-driven business. As we enter 2024, I am confident in our ability to position Barnes for sustainable, profitable growth and create value for all our stakeholders.”