barnes group inc shares fell 35 to 3508 after the company updated its 2022 outlook citing supply chain and inflationary pressures as ongoing issues the company logged net income of 205 million or 40 cents a share for the first quarter up from net income of 194 million or 38 cents a share in the yearearlier period sales for the period rose to 3124 million from 3016 million analysts polled by factset expected 3066 million the company updated its 2022 outlook forecasting its adjusted operating margin to be in the range of 125 and 135 down slightly from its prior view due to ongoing supply chain and inflationary pressures adjusted earnings are expected to be in the range of 220 and 240 a share the company said the updated forecast is 5 cents lower at the high end of its previous range to reflect macroeconomic headwinds in its industrial segment barnes also forecast capital expenditures between 50 million and 55 million and cash conversion of greater than 100 of net income