Barnes group reports q1 adjusted earnings per share of $0.71

Reports first quarter 2020 financial results.q1 adjusted earnings per share $0.71.q1 gaap earnings per share $0.58.q1 sales $331 million versus refinitiv ibes estimate of $316.7 million.q1 earnings per share estimate $0.49 -- refinitiv ibes data.2020 full year outlook remains suspended; provides q2 expectation.maintains solid financial position with sufficient liquidity.sees q2 2020 adjusted earnings per share $0.20 to $0.30.q2 operating margin is expected to be between 8.5% and 10%.q2 anticipated to be significantly impacted by global shut down in several of company's end markets.anticipate q2 organic sales to be lower by about 30%.believes that a recovery will commence in q3.q2 earnings per share view $0.31 -- refinitiv ibes data.barnes group - given current business environment, probability of an acquisition or divestiture in near-term is unlikely.at present, quarterly dividend rate remains unchanged.suspended share repurchase activity.barnes group - if economic disruption intensifies or lasts deep into year, board would consider an adjustment of dividend.has liquidity of approximately $430 million.is in full compliance with all covenants under revolving credit facility which matures in feb. 2022.taken temporary pay reductions, employee furloughs, and reduction of discretionary expenses.to date, co has not seen any significant disruptions in our supply chain.anticipate 2020 capex of about $45 million.
B Ratings Summary
B Quant Ranking