Barnes Updated FY24 Guidance For Sales Growth To 13%-16% (Vs. 12%-16% Prior); Organic Sales Growth To 5%-8% (Vs. 4%-8% Prior)
Portfolio Pulse from Benzinga Newsdesk
Barnes has updated its FY24 guidance, increasing its expected sales growth to 13%-16% from the previously forecasted 12%-16%. Additionally, the company has raised its organic sales growth expectations to 5%-8%, up from 4%-8% previously.
April 26, 2024 | 10:33 am
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Barnes has raised its FY24 sales and organic sales growth forecasts, indicating a positive outlook for the company's financial performance.
The upward revision in both sales and organic sales growth forecasts for FY24 suggests that Barnes is experiencing stronger than expected demand for its products and services. This positive adjustment is likely to be viewed favorably by investors, potentially leading to an increase in the stock price in the short term.
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