Barnes Group: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 06:54 AM ET
Last Updated - Jun 22, 2023, 03:05 AM EDT
BRISTOL, Conn. (AP) — BRISTOL, Conn. (AP) — Barnes Group Inc. (B) on Thursday reported first-quarter net income of $13.2 million.
On a per-share basis, the Bristol, Connecticut-based company said it had net income of 26 cents. Earnings, adjusted for restructuring costs, were 47 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The aerospace and industrial parts supplier posted revenue of $335.4 million in the period.
