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Barnes Group Inc. - B STOCK NEWS

Welcome to our dedicated page for Barnes Group news (Ticker: B), a resource for investors and traders seeking the latest updates and insights on Barnes Group stock.

Barnes Group Inc. (NYSE: B) is a leading international industrial and aerospace manufacturer and service provider, serving a wide array of markets and customers. The company’s highly engineered products, industrial technologies, and innovative solutions are essential in transportation, manufacturing, healthcare, and technology sectors worldwide.

With approximately 4,700 employees across more than 60 locations on four continents, Barnes Group upholds its long tradition of excellence in precision manufacturing and logistics solutions. The company operates under two main segments: Industrial and Aerospace.

The Industrial segment focuses on manufacturing precision parts and systems for critical applications in transportation, industrial equipment, and consumer products. The Aerospace segment provides machined components and assemblies for OEM turbine engines, airframes, industrial gas turbines, and military applications. Barnes Group’s products are integral to the performance and reliability of these critical systems.

In recent years, Barnes Group has invested significantly in leading-edge technologies to enhance its capabilities and explore breakthrough markets. This forward-thinking approach ensures the company remains at the forefront of innovation, meeting the evolving needs of its diverse customer base.

Barnes Group’s financial health is robust, underscored by strategic partnerships and consistent performance. The company's commitment to sustainable growth and operational excellence is evident in its dedication to quality and customer satisfaction.

For the latest updates and news, stay tuned to Barnes Group Inc.’s announcements and developments, which reflect its dynamic presence in the global market.

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Barnes Group Inc. (NYSE: B) announces that President and CEO Patrick J. Dempsey is taking a temporary leave of absence starting March 8, 2022, to address health matters within his family. During this period, Julie K. Streich, Senior VP and CFO, will serve as Interim CEO while maintaining her current responsibilities. The Board of Directors expresses full support for Dempsey's decision, assuring stakeholders of the leadership team's capability to manage the company's strategic operations effectively.

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Edwards, a leader in semiconductor supply, is investing in a new 200,000-square-foot manufacturing facility in Chandler, Arizona. This facility will utilize advanced technologies to support the growing semiconductor market, creating approximately 200 jobs locally. With construction underway, the site will begin operations in Q3, focusing on the remanufacturing and assembly of vacuum pump equipment essential for semiconductor fabrication. This investment underlines Edwards' commitment to sustainable practices and enhancing supply chain capacity in North America.

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Barnes Group Inc. (NYSE: B) reported strong financial growth for Q4 and the full year of 2021. Q4 sales reached $311 million, an 8% increase year-over-year, with organic sales up 9%. Adjusted EPS for Q4 was $0.55, up 53%. For the full year, sales totaled $1,259 million, a 12% rise, with adjusted EPS of $1.94, up 18%. The company anticipates organic sales growth of 8-10% for 2022 and adjusted EPS ranging from $2.20 to $2.45. Despite challenges in supply chains and inflation, Barnes' aerospace segment showed strong recovery, driving profitability.

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Barnes Group Inc. (NYSE: B) has declared a quarterly cash dividend of $0.16 per share, payable on March 10, 2022, to shareholders who are on record as of February 24, 2022. The company has maintained uninterrupted dividend payments since 1934, showcasing its commitment to returning value to shareholders. This dividend declaration reflects the company’s stability and financial health in delivering continuous income to its investors.

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Civil contractors are optimistic about the construction economy in 2022, with 73% confident in finding work. Around 50% expect revenue and profit margins to increase. However, a skilled worker shortage is a significant concern; 72% anticipate difficulties hiring skilled labor, and 89% expect labor costs to rise. 54% report scheduling issues, and 53% struggle with budget constraints due to rising labor costs. The Infrastructure Investment and Jobs Act may exacerbate these challenges.

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Barnes Group (NYSE: B) will release its fourth quarter and full year 2021 financial results on February 18, 2022, before market open. A conference call to discuss these results and the company's outlook will follow at 8:30 a.m. ET. Investors can access the call via a live audio webcast on the company's website or by direct dial. A playback of the call will be available from 12:00 p.m. ET on February 18 until 11:59 p.m. ET on February 25. For more details, visit www.BGInc.com.

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Barnes Group Inc. (NYSE: B) held a virtual investor day to present its growth strategy, capital allocation framework, and segment reviews. CEO Patrick Dempsey outlined the company’s 2025 financial targets, aiming for organic sales growth of 7%-9% CAGR, adjusted operating margins of 15%-17%, and double-digit CAGR in adjusted EPS. The updated 2021 outlook predicts a 12% revenue increase, with organic sales growth at 10%. However, adjusted operating margin forecasts were reduced to 12% due to supply chain challenges, despite a beneficial foreign tax rate adjustment.

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Barnes (NYSE: B) has announced a corporate rebranding, introducing a new visual identity, website, and positioning strategy. This transformation reflects the company's commitment to innovation and global expansion, aiming to be a technology-driven leader. The rebrand is aimed at fostering a strong parent brand that aligns with its heritage and technological advancements. Barnes emphasizes its ethos, "Persistent Ingenuity™" and aims to enhance customer partnerships. The new branding will roll out globally, accompanied by a refreshed website to better serve stakeholders.

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Net Insight announces a partnership with intoPIX to enhance its Cloud and IP media platform with JPEG XS video compression. This new offering delivers exceptional low-latency and high-quality image processing for content delivery, especially during live sporting events. The JPEG XS codec supports UHD-4K and UHD-8K content while reducing network resource consumption by 90% compared to traditional methods. The integration of JPEG XS facilitates efficient workflows and minimizes environmental impact, aligning with industry trends towards remote production and IP-based technologies.

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Barnes Group Inc. (NYSE: B) announced the retirement of Michael A. Beck, Senior VP and President of Barnes Aerospace, effective April 2022. After five years, Beck aims to spend more time with family while ensuring a smooth transition. CEO Patrick J. Dempsey expressed gratitude for Beck's contributions to the company's successful growth in the Aerospace segment. Barnes Group is recognized for its commitment to high performance and sustainability, serving various industries including aerospace and healthcare.

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FAQ

What is the current stock price of Barnes Group (B)?

The current stock price of Barnes Group (B) is $47.16 as of December 20, 2024.

What is the market cap of Barnes Group (B)?

The market cap of Barnes Group (B) is approximately 2.4B.

What does Barnes Group Inc. specialize in?

Barnes Group Inc. specializes in manufacturing highly engineered products and providing industrial technologies and innovative solutions across transportation, manufacturing, healthcare, and technology sectors.

How is Barnes Group Inc. structured?

Barnes Group Inc. operates under two main segments: Industrial, which focuses on precision parts for transportation and industrial applications, and Aerospace, which provides components and assemblies for turbine engines and airframes.

Where are Barnes Group Inc.'s operations located?

Barnes Group Inc. operates in more than 60 locations worldwide, spanning four continents.

How many employees does Barnes Group Inc. have?

Barnes Group Inc. employs approximately 4,700 dedicated professionals.

What are the key markets served by Barnes Group Inc.?

Barnes Group Inc. serves key markets including transportation, industrial equipment, consumer products, and aerospace.

What are some recent achievements of Barnes Group Inc.?

Barnes Group Inc. has made significant investments in leading-edge technologies and breakthrough markets, enhancing its capabilities and maintaining its leadership in precision manufacturing and logistics solutions.

What makes Barnes Group Inc. products unique?

Barnes Group Inc.'s products are highly engineered and critical to the performance and reliability of systems in transportation, industrial equipment, and aerospace applications.

How does Barnes Group Inc. ensure quality and customer satisfaction?

Barnes Group Inc. is committed to sustainable growth, operational excellence, and continuous investment in technology to meet and exceed customer expectations.

Who are the typical customers of Barnes Group Inc.?

Barnes Group Inc. serves a wide range of customers in sectors such as transportation, industrial equipment, medical and personal care, mobility, and packaging.

What are the future plans of Barnes Group Inc.?

Barnes Group Inc. aims to continue building on its tradition of excellence in precision manufacturing and expand into new markets through continuous innovation and strategic investments.

Barnes Group Inc.

NYSE:B

B Rankings

B Stock Data

2.40B
46.75M
9.17%
93.77%
1.39%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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