secwatch.observer — SEC 8-K summary
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Issuer:     BARNES GROUP INC (—)
CIK:        0000009984
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000009984-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/9984/000000998424000058/0000009984-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/9984/000000998424000058/b-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000009984-24-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer