B Earnings Prediction
The chart below shows how B performed 10 days before and after its earnings report, based on data from the past quarters. Typically, B sees a +4.99% change in stock price 10 days leading up to the earnings, and a +2.83% change 10 days following the report. On the earnings day itself, the stock moves by -4.00%. This data can give you a slight idea of what to expect for the next quarter's release.
B Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
382.23M
12.76%
-11.24%
Gross Margin
32.45%
-8.87%
-0.79%
Operating Margin
12.24%
-15.29%
5.43%
Net Margin
-12.25%
-339.26%
-2822.22%
EPS
-0.91
-367.65%
-2375.00%
No Data Available
B Earnings Analysis
Barnes Group Inc. Corporation (B.N) Earnings Conference Call
Positive
Barnes Group Inc. has made significant progress in its multiyear transformation journey by executing on several milestones, including the acquisition of MB Aerospace, helping to significantly scale the aerospace segment.
Quarter revenue of $382 million reported a 13% increase, with 5% organic growth, reflecting positive momentum in the transformation journey.
Adjusted EBITDA grew by 14% to $76 million, with Aerospace now contributing two-thirds of the adjusted EBITDA.
Barnes Group Inc. has focused on improving core business execution through cost mitigation actions to enhance competitiveness, drive operational efficiencies, and increase cash flow.
Implementing cost mitigation actions through the Barnes Transformation Office, resulting in cost savings and improved margins.
Actions to streamline business unit leadership teams to enhance operational efficiency and identify optimization opportunities.
Barnes Aerospace continues to be a growth market with durable demand, showcasing positive trends and forecasting good performance in the aerospace sector.
Completed integration of MB Aerospace with identified cost synergies of $18 million, on track to realize $15 million in annual run rate savings and full synergies by 2025.
Strong aftermarket growth expected as existing fleets stay in service longer due to supply chain challenges and labor productivity issues affecting OEM production.
Despite challenges in the OEM sector and a more conservative view over the near term, Barnes Aerospace remains well-positioned to support the re-ramp and capitalize on increased aftermarket activity.
Strong commercial aftermarket growth forecasted, with capacity expansions in key locations to support enduring growth expectations.
Strategic partnerships and long-term agreements with key customers like Pratt & Whitney, General Electric, and Rolls-Royce showcasing Barnes as an integral global partner in aerospace supply chain.
Negative
- The company had a decrease in adjusted net income per share from $0.58 a year ago to $0.37 in the second quarter of 2024.
- Adjusted operating margin for Aerospace declined by 220 basis points to 14.8%.
- Industrial segment sales were down 24% due to the divestiture of Associated Spring and Hanggi, resulting in a decrease of adjusted operating profit by 33%.
- Free cash flow was negative $14.5 million year-to-date, primarily due to an increase in working capital and divestiture-related income tax payments.
- The revised full year outlook includes a reduction in total sales growth to 10-12% from 13-16% and a decrease in adjusted EPS to between $1.55 and $1.75, down $0.07 at the midpoint compared to the April outlook.
B FAQs
How does B typically perform around its earnings report dates?
Is Barnes Group Inc. (B) Q2 2024 Earnings Call Summary positive or negative?
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B Earning Call Sentiment
Barnes Group Inc. (B) Q2 2024 Earnings Call Transcript
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B.N
0%Positive
The earnings call summary presents a mixed picture. While there are positive elements such as strong aerospace revenue growth and a successful divestiture reducing debt, there are significant negatives including increased interest expenses, a noncash impairment charge, and reduced industrial revenue. The Q&A section highlights uncertainties in OEM performance and cash conversion, with management avoiding specific guidance. Despite some positive strategic initiatives, the overall sentiment is weighed down by these challenges, leading to a neutral prediction for stock price movement, especially given the company's mid-sized market cap.
