Barnes Group Inc. - B STOCK NEWS

Barnes Group Inc. (NYSE: B) announces its second quarter 2022 financial results will be released on July 29, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss results and the company's outlook. Participants can join via a live audio webcast on the Barnes website or by phone. Playback will be available from 12:00 p.m. ET on July 29 until 11:59 p.m. ET on August 5, 2022. Barnes Group, a leader in advancing technologies across various sectors, is committed to enhancing manufacturing processes through innovative solutions.

ETQ, part of Hexagon, will showcase its Reliance NXG Quality Management System (QMS) at the ASQ World Conference on Quality & Improvement in Anaheim, California, from May 15-18, 2022. The company aims to enhance quality processes amidst rising compliance requirements and operational complexities. Key presentations include sessions on quality harmonization and automated quality management workflows, demonstrating how organizations can achieve significant ROI and improved compliance. Attendees can experience live demos at the ETQ booth (#803).

The Board of Directors of Barnes Group (NYSE: B) has declared a quarterly cash dividend of $0.16 per share, payable on June 10, 2022, to shareholders of record by May 26, 2022. This marks a continuous dividend payout since 1934, reflecting the company's commitment to returning value to investors. Barnes Group remains dedicated to its mission of innovation across multiple sectors, including healthcare and manufacturing, underpinning its sustainable business model.

Barnes Group reported Q1 2022 net sales of $312 million, a 4% increase year-over-year, driven by 6% organic sales growth. Aerospace segment sales surged 23% to $101 million, while Industrial sales fell 4% to $212 million. Adjusted EPS rose 8% to $0.41. The company forecasts 2022 organic sales growth of 8% to 10% and adjusted EPS of $2.20 to $2.40, reflecting a 13% to 24% increase from prior year. Adjusted operating margin expectations decreased slightly to 12.5% to 13.5% due to inflationary pressures.

Barnes Group Inc. (NYSE: B) has appointed Ian M. Reason as the new Senior Vice President and President of Barnes Aerospace, effective May 2, 2022. He succeeds Michael A. Beck, who retires on April 30, 2022. Reason's extensive experience in the aerospace industry is expected to drive profitable growth and enhance productivity through automation and digitalization. Previously, he held senior roles at Triumph Group and BAE Systems, emphasizing his capability in leading business strategy and operations within the aerospace sector.

Ouster (NYSE: OUST) and Tacticaware, a Hexagon (Nasdaq Stockholm: HEXA B) company, announced the launch of Ouster x Accur8vision, a joint security solution targeting the multibillion physical security market. This solution integrates Ouster's 3D digital lidar technology with Hexagon's security software to enhance monitoring capabilities across diverse environments, including airports and commercial properties. The new system aims to reduce false alarms and improve security accuracy, positioning Ouster to capitalize on a market projected to reach $153 billion by 2023.

Barnes Group Inc. (NYSE: B) will release its first quarter 2022 financial results on April 29, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the results and future outlook. The public can access the call via a live audio webcast on the company's Investor Relations website or by phone. The recorded call will be available for playback from 12:00 p.m. ET on April 29 until May 6, 2022. More information is available on their official website.