Barnes Group Reaffirms 2017 Outlook; Introduces 2020 Targets - Quick Facts

(RTTNews) - Barnes Group Inc. (B) reaffirmed its 2017 outlook, specifically: total revenue to increase 14% to 15% over the prior year period; organic revenue to be up 9% to 10%; EPS from continuing operations of $2.77 to $2.87, including a 0.12 tax benefit; and adjusted EPS of $2.80 to $2.90, up 11% to 15% year-over-year, excluding $0.03 of acquisition-related short-term purchase accounting adjustments related to the 2016 FOBOHA transaction.

Barnes Group also introduced its 2020 financial targets, specifically: organic sales growth of 4% to 6% CAGR; operating margin of 18% to 19%; and EPS growth of double-digit CAGR.