Barnes group inc. reports third quarter 2019 financial results

. reports third quarter 2019 financial results.q3 gaap earnings per share $0.89.q3 sales $373 million versus refinitiv ibes estimate of $375.6 million.q3 earnings per share estimate $0.79 -- refinitiv ibes data.sees fy 2019 adjusted earnings per share $3.18 to $3.23.global industrial environment remains challenging across a number of fronts.now expects flat 2019 total revenue growth, with an organic sales decline of low-single digits.qtrly organic sales down 1%.q3 2019 aerospace sales were $140.9 million, up 12% from $125.7 million in same period last year.expects capital expenditures of approximately $55 million in fy2019.industrial q3 sales were $231.7 million, down 5% from $244.1 million in prior year period.barnes group - 2019 earnings are now expected to be in range of $3.10 to $3.15 per diluted share.fy2019 earnings per share view $3.12, revenue view $1.52 billion -- refinitiv ibes data.aerospace oem backlog ended q3 at $810 million, up 2% from end of q2 of 2019.expects foreign exchange to negatively impact revenues by approximately 2% for fy2019.company expects to ship approximately 50% of aerospace oem backlog over next 12 months.
B Ratings Summary
B Quant Ranking