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Barnes Group Q1 2023 Earnings Report

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$47.16 +0.03 (+0.06%)
(As of 12/20/2024 05:15 PM ET)

Barnes Group EPS Results

Actual EPS
$0.47
Consensus EPS
$0.39
Beat/Miss
Beat by +$0.08
One Year Ago EPS
$0.41

Barnes Group Revenue Results

Actual Revenue
$335.40 million
Expected Revenue
$312.91 million
Beat/Miss
Beat by +$22.49 million
YoY Revenue Growth
+7.20%

Barnes Group Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

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Barnes Group Earnings Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Barnes Group (NYSE:B) Now Covered by Analysts at StockNews.com
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About Barnes Group

Barnes Group (NYSE:B) provides engineered products, industrial technologies, and solutions in the United States and internationally. The company operates through two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in mobility and industrial applications. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies for turbine engines; and nacelles and structures for commercial and defense-related aircraft. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and defense market; and manufactures and delivers aerospace aftermarket spare parts. This segment serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

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