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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

Barnes Aerospace Unveils New Facility in Singapore to Increase Engine Component Repair Capacity

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Barnes Aerospace expands its component repair capacity in Singapore by approximately 50% to meet the growing demands of the aerospace industry. The strategic expansion aims to enhance the company's position as a key player in engine component repair and maintenance in the Asia-Pacific region.
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Irenic Encourages Barnes Group to Move with Greater Urgency to Collaborate on Necessary Board Improvements

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Irenic Capital Management LP, a major shareholder of Barnes Group Inc. (NYSE: B), expresses concern over the underwhelming fourth quarter and full-year 2023 results, emphasizing the necessity for a revamped Board with fresh perspectives and industry expertise.
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Barnes Reports Fourth Quarter and Full Year 2023 Financial Results

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Barnes Group Inc. (B) reports strong financial results for Q4 and full year 2023, with sales growth, operating margin improvements, and strategic acquisitions. The company outlines a profitable growth strategy for 2024 and introduces Adjusted EBITDA metrics. Despite some declines in adjusted EPS, Barnes remains focused on sustainable growth and value creation.
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Barnes Declares Quarterly Dividend

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Barnes Group Inc. (B) announces a quarterly cash dividend of $0.16 per share, payable on March 8, 2024, to shareholders of record as of February 22, 2024, continuing a long history of dividend payments since 1934.
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Flexxbotics and Zaptic Win Hexagon's Third 'Sixth Sense' Cohort of Advanced Manufacturing Startups

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Hexagon's Manufacturing Intelligence division has announced the winners of its third 'Sixth Sense' cohort, Flexxbotics and Zaptic, who will receive resources for global expansion and be showcased on Hexagon's cloud-based digital reality platform. The program aims to identify emerging innovations and provide a platform for high-growth startups, granting them access to resources and customers typically beyond reach at this stage of their development.
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GelSight and Hexagon Sign Global Partnership Agreement

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GelSight and Hexagon have entered into a global partnership agreement to promote and sell GelSight’s tactile sensing products and future integrated products to the market. The partnership will accelerate the time to market for future products that offer more complete solutions to manufacturing issues. Hexagon’s metrology technologies will complement GelSight’s digital touch technology, offering unique solutions for manufacturing and surface inspection challenges. The partnership also unlocks new applications that digitize manual inspection processes. GelSight CEO will be featured as a speaker at Hexagon’s Sixth Sense event to share about the powerful partnership.
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ETQ Accelerates Growth, Meets Rising Demand for Automated Quality Management in Fourth Quarter 2023

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ETQ, part of Hexagon, achieved significant growth in Q4 2023, expanding its customer base globally. New partnerships with Augmentir and Infor strengthen its connected worker strategy. The company was recognized with industry awards and participated in major industry events, showcasing its leading cloud-native solution, ETQ Reliance® NXG.
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Integrum has sold and delivered OPRA™ Implant Systems to a value of SEK 3.5 million to Center of Excellence in Ukraine

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Integrum (INTEG) announces the sale of OPRA Implant Systems worth SEK 3.5 million to the Center of Excellence in Kyiv, Ukraine, following the successful establishment of the center in December 2023. The company has trained and certified two senior surgeons to perform surgeries on amputees using the innovative implant system. The purchase aims to ensure continuous access to the OPRA Implant System. The disclosure contains information pursuant to the EU Market Abuse Regulation. The CEO, Rickard Brånemark, highlighted the urgent need for amputee care in Ukraine, especially following the Russian invasion. The company's implant system, which attaches directly to the skeleton, provides the best care for many amputees. The PR also includes contact information for more details and the Certified Adviser for Integrum. The press release can be found at the link provided.
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Barnes Announces Sale of Associated Spring™ and Hänggi™ Businesses as Part of Continued Portfolio Optimization and Long-term Profitable Growth Strategy

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Barnes Group Inc. (NYSE: B) has entered into a definitive agreement to sell its Associated Spring™ and Hänggi™ businesses to One Equity Partners for $175 million, aiming to reduce debt incurred from the strategic acquisition of MB Aerospace in August 2023. The expected net cash proceeds of $150 million will help achieve a Net Debt to EBITDA ratio of 3.0x or lower by the end of 2024. The divestiture reflects a leap forward in rationalizing the Industrial business and rebalancing the portfolio toward the Aerospace business, positioning Barnes for success.
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The European Medicines Agency's Scientific Advisory Group (SAG) to discuss the Marketing Authorisation Application for lecanemab: BioArctic

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BioArctic AB (Nasdaq Stockholm: BIOA B) partner Eisai's Scientific Advisory Group (SAG) to discuss lecanemab's Marketing Authorisation Application (MAA) with the European Medicines Agency (EMA) in Q1 2024. Eisai expects European Commission's decision in Q2 2024.
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FAQ

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

The current stock price of Barnes Group (B) is $46.82 as of November 22, 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.

NYSE:B

B Rankings

#1873 Ranked by Market Cap
#1611 Ranked by Dividends

B Stock Data

2.38B
46.22M
9.17%
93.7%
1.44%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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