Barnes Group Inc. (B) reported third quarter net income of $10.89 million or $0.20 per share, compared to $27.82 million or $0.49 per share last year.
The company reported income from continuing operations of $10.9 million, or $0.20 per share, compared to $29.2 million, or $0.52 per share in the prior year period.
On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share. Analysts' estimates typically exclude special items.
Net sales declined to $260.34 million from $333.81 million in the same quarter last year.
Five analysts estimated revenues of $254.44 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.