---
schema_version: "secwatch.filing_event.v1"
accession: "0000009984-24-000058"
form_type: "8-K"
ticker: null
cik: "0000009984"
company_name: "BARNES GROUP INC"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T07:11:33.360289+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Barnes Group Q1 GAAP EPS $0.04, adjusted EPS $0.38 (-19%); sales up 28% to $431M

## Summary
- Aerospace sales +89% to $221M (organic +19%), Industrial sales -4% to $209M.
- Adjusted EBITDA margin 18.7%, up 130 bps; adjusted operating margin 11.9%, up 80 bps.
- Completed sale of Associated Spring & Hanggi for ~$150M net proceeds to reduce debt.
- Updated FY2024 guidance: organic sales growth 5-8%, adjusted EPS $1.62-$1.82.
- Net debt/EBITDA 3.62x; refinanced Term Loan B, lowering interest rate by 60 bps.

## SEC filing metadata
- accession: 0000009984-24-000058
- form_type: 8-K
- cik: 0000009984
- company_name: BARNES GROUP INC
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9984/000000998424000058/0000009984-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9984/000000998424000058/b-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000009984-24-000058
- JSON: https://secwatch.observer/filing/0000009984-24-000058.json
- Plain text: https://secwatch.observer/filing/0000009984-24-000058.txt

## Key facts
- Earnings Releases
  BARNES GROUP INC reported the first quarter ended March 31, 2024 results: revenue $431 million, net income $1.9 million, or $0.04 per share, EPS $0.04. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $431 million
  - Net income: $1.9 million, or $0.04 per share
  - EPS: $0.04
  - Guidance: reaffirmed
  - Result: reported results
  source text: RESULTS Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: • Sales of $431 million, up 28%; Organic Sales up 4% • Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps • Adjusted EBITDA Margin of 18.7%, up 130 bps • GAAP EPS of $0.04; Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/9984/000000998424000058/0000009984-24-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.