Friday, October 29, 2010 11:38:23 AM
Barnes Group Inc. (NYSE: B), a diversified global manufacturer and logistical services company, today reported financial results for the third quarter 2010. The Company reported net income of $15.1 million, or $0.27 per diluted share, compared to $10.9 million, or $0.20 per diluted share in the third quarter of 2009. Barnes Group’s third quarter 2010 sales totaled $289.9 million, an increase of 11.4 percent from $260.3 million in the third quarter of 2009.
http://ih.advfn.com/p.php?pid=nmona&article=44989600&symbol=B
“Continued improvements in the current economic climate, particularly within our industrial and automotive end markets, led to double-digit sales growth for the second consecutive quarter,” said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc. “This increase in sales, paired with our continued focus on maintaining an efficient cost structure and productivity, contributed to a meaningful improvement to our third quarter operating profit.
“We also experienced continued growth in our backlog and strong order rates, which position us well to build upon our success as we move into the fourth quarter,” Milzcik said. “While we are seeing strong growth in Precision Components and increased activity within our distribution and aerospace aftermarket businesses, we continue to remain cautious. Our 2010 diluted earnings per share guidance has been tightened to $0.95 to $1.00 given current and anticipated market conditions.”
Recent B News
- Barnes Announces Third Quarter 2024 Earnings Conference Call and Webcast • Business Wire • 09/17/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 09:10:25 PM
- Sectra's three-month interim report 2024/2025: Increased recurring revenue led to a strong first quarter • PR Newswire (US) • 09/06/2024 06:39:00 AM
- Barnes to Present at the 2024 Jefferies Industrials Conference • Business Wire • 08/19/2024 01:54:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:19:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:17:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:16:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:14:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:12:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 07:09:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:12:25 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 05:51:16 PM
- Barnes Aerospace Announces Long-Term Agreement with MTU Aero Engines AG Valued at $33 Million • Business Wire • 07/30/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 10:44:47 AM
- Barnes Reports Second Quarter 2024 Financial Results • Business Wire • 07/26/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/22/2024 08:23:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/22/2024 08:23:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/22/2024 08:22:02 PM
- Barnes Aerospace Receives Number One Supplier Award from MTU Maintenance Hannover GmbH • Business Wire • 07/22/2024 11:00:00 AM
- Barnes Declares Quarterly Dividend • Business Wire • 07/19/2024 04:22:00 PM
- Interim report January - June 2024 Sweco AB (publ) • PR Newswire (US) • 07/16/2024 10:44:00 AM
- Barnes Announces Second Quarter 2024 Earnings Conference Call and Webcast • Business Wire • 06/18/2024 08:15:00 PM
- Barnes Aerospace and RTX’s Pratt & Whitney Canada Sign Long-Term Agreement for Aerospace Engine Component Repair • Business Wire • 06/13/2024 10:45:00 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 06:38:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:21:12 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM