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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.

News

Leqembi® revenue totaled JPY 2.83 billion in the first quarter 2024

Rhea-AI Summary
BioArctic AB's partner Eisai reported Leqembi's global revenue of JPY 2.83 billion in the first quarter of 2024, resulting in a royalty of approximately SEK 18 million for BioArctic. Eisai and Biogen co-commercialize the product, with BioArctic holding commercialization rights in the Nordic region pending European approval. BioArctic and Eisai are preparing for joint commercialization in the region. BioArctic's first-quarter 2024 report will be released on May 17, 2024.
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BioArctic and Eisai sign research evaluation agreement regarding BAN2802

Rhea-AI Summary
BioArctic and Eisai have signed a research evaluation agreement for BAN2802, a potential Alzheimer's treatment combining BrainTransporter™ technology with an undisclosed drug candidate. The collaboration aims to develop the next generation disease-modifying treatment for Alzheimer's disease. Eisai will evaluate the data to potentially license BAN2802, building on their successful partnership that led to the approval of Leqembi® for early Alzheimer's disease.
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The Nomination Committee's proposal for the election of Board members and Chairperson of the Board in BioArctic AB

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BioArctic AB's Nomination Committee proposes the election of board members and Chairperson for the upcoming Annual General Meeting. The proposed board consists of seven members, including a new member, Anna-Lena Engwall, with extensive experience in the life science and pharmaceutical industry. The Nomination Committee aims to enhance the board's expertise and network through these appointments.
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Barnes Aerospace Announces Expanded Aero Engine MRO Facility – East Granby, Connecticut

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Barnes Aerospace completes expansion of its MRO facility in East Granby, Connecticut, adding 32,000 square feet of manufacturing space. The facility now totals over 84,000 square feet and specializes in complex repairs for commercial and military engine platforms. Upgrades include a new chemical cleaning line to enhance capabilities and meet growing demand for engine programs and product lines.
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One Equity Partners Completes Acquisition of Associated Spring

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One Equity Partners (OEP) completes the acquisition of Associated Spring from Barnes Group Inc., a leading manufacturer of custom parts for industrial, medical, and automotive applications. The Company has a global footprint with over 800 employees and plans for organic growth and add-on acquisitions. The aerospace and medical markets show promising growth trends, with OEP aiming to establish Associated Spring as a market leader.
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Barnes Announces Completion of Previously Announced Sale of Associated Spring™ and Hänggi™ Businesses

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Barnes Group Inc. (NYSE: B) completes the sale of Associated Spring and Hänggi businesses to One Equity Partners for $175 million, aiming to enhance shareholder value. The net cash proceeds of $140 million will be utilized to reduce debt, aligning with the company's strategy to optimize its portfolio and drive profitable growth.
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Hexagon rebrands Qognify, reaffirming commitment to physical security

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Qognify adopts Hexagon's corporate identity, enhancing innovation and value for customers. The integration offers a wide range of physical security solutions, expanding situational awareness and risk mitigation for over 4,000 organizations globally.
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Submission of Leqembi® (lecanemab-irmb) sBLA for IV maintenance dosing for the treatment of early Alzheimer's disease to the U.S. FDA completed

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Eisai submits sBLA for monthly IV maintenance dosing of Leqembi for Alzheimer's disease treatment. The application is based on Phase 2b and Clarity AD studies data. Fast Track designation sought for SC formulation.
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Lecanemab deliberations at the CHMP regarding the Marketing Authorisation Application in the EU have been rescheduled due to procedural reasons

Rhea-AI Summary
BioArctic AB's partner Eisai faces procedural delays at EMA for lecanemab review, impacting SAG-N meeting. The decision does not affect the Marketing Authorisation Application for lecanemab. BioArctic and Eisai collaborate on lecanemab development, with BioArctic having commercialization rights in the Nordic region.
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Barnes Announces First Quarter 2024 Earnings Conference Call and Webcast

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Barnes Group Inc. (NYSE: B) is set to announce its first quarter 2024 financial results on April 26, 2024, followed by a conference call to discuss the outcomes and the company's future prospects. Investors and analysts can access the live webcast or join the call directly to gain insights into Barnes Group's performance and outlook.
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FAQ

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

The current stock price of Barnes Group (B) is $47.14 as of December 23, 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.

Stock B logo
Barnes Group Inc.

Nasdaq:B

B Rankings

#1833 Ranked by Market Cap
#1654 Ranked by Dividends

B Stock Data

2.40B
46.75M
9.17%
93.77%
1.39%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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United States of America
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