Barnes Group Inc. provides engineered products, industrial technologies, and solutions in the United States and internationally. It operates in two segments: Industrial and Aerospace. The Industrial segment offers precision components, products, and systems used by various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices. This segment also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, it manufactures and supplies precision mechanical products, including mechanical springs, and high-precision punched and fine-blanked components used in transportation and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. This segment sells its products primarily through its direct sales force and distribution channels. The Aerospace segment produces fabricated and precision machined components and assemblies for turbine engines; and nacelles and structures for commercial and defense-related aircraft. It also provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and defense market; and manufactures and delivers aerospace aftermarket spare parts. This segment serves original equipment manufacturing industry. The company was founded in 1857 and is based in Bristol, Connecticut.
IPO Year:
Exchange: NYSE
Website: barnesgroupinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/18/2024 | $35.00 → $45.00 | Neutral → Buy | DA Davidson |
| 10/11/2022 | Peer Perform | Wolfe Research | |
| 4/11/2022 | $42.00 | Overweight → Neutral | Alembic Global Advisors |
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NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Guidewire Software Inc. (NYSE:GWRE) will replace Arrowhead Pharmaceuticals Inc. (NASD: ARWR) in the S&P MidCap 400, and Arrowhead Pharmaceuticals will replace Barnes Group Inc. (NYSE:B) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, January 27. S&P 500 constituent Apollo Global Management Inc. (NYSE:APO) is acquiring Barnes Group in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector January 27, 2025 S&P MidCap 400 Addition Guidewi
Announces Planned Retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, and appointment of Richard Hipple as Chair Elect Appoints Irenic Capital Management Co-Founder Adam Katz to the Board Enters into Cooperation Agreement with Irenic Capital Management Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company's corporate governance retirement policy, effective at the Company's Annual Meeting of Stockholders in May 2024. Mr.
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Neal J. Keating to the Company's Board of Directors, effective February 9, 2023. Mr. Keating has also been appointed to the Company's Corporate Governance Committee. "We are pleased to welcome Neal to our Board of Directors," said Thomas O. Barnes, Chairman of the Board, Barnes Group Inc. "Neal brings extensive public company and board experience, and importantly he expands the Board's capabilities through his significant leadership experience in the aerospace industry, which aligns well with our growing Barnes Aer
Board Names Medical Technology CEO and Barnes Director as Company's New Leader After Dempsey's Nearly 10 Years as Barnes' CEO Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that its Board of Directors has appointed Thomas J. Hook, (59), as President and Chief Executive Officer, effective as of July 14, 2022. Patrick J. Dempsey, who began a leave of absence on March 8, 2022 from his position as President & CEO of the Company to address health matters affecting an immediate family member, will transition to the newly created role of Executive Vice Chairman of the Company until his
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Ian M. Reason to the position of Senior Vice President, Barnes and President, Barnes Aerospace, effective May 2, 2022. Mr. Reason succeeds Michael A. Beck, who is retiring from the Company effective April 30, 2022. "Ian's broad and diverse aerospace industry experience and understanding of the complete lifecycle of the commercial and defense aerospace markets make him the ideal leader to take the business through its next phase of profitable growth and diversification. He is an engaging leader who brings a strong t
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that Michael A. Beck has notified the Company of his intention to retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace. Following five years of contributing to the success of the Company's Aerospace segment, Mike has indicated his desire to retire and spend more time with family. He will continue to serve in his current capacity and support a smooth transition through April 2022. "We thank Mike for his dedicated service and significant contributions to our long-term profitable growth strategy," said Pat
Barnes Group Inc. (NYSE:B) today announced the appointment of Jakki L. Haussler to the Company's Board of Directors, effective July 15, 2021. Ms. Haussler will stand for election by the Company's stockholders at the 2022 Annual Meeting of Stockholders. Ms. Haussler has been appointed to the Company's Compensation and Management Development Committee. "We are extremely pleased to welcome Jakki to the Board of Barnes Group Inc. and look forward to her significant contributions to the Company's growth strategy and ongoing portfolio transformation," said Thomas O. Barnes, Chairman of the Board, Barnes Group Inc. "Jakki's extensive experience in public accounting, investment banking, venture ca
Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Julie K. Streich to the position of Senior Vice President, Finance and Chief Financial Officer, effective May 3, 2021. "Julie is a proven leader with deep and extensive experience in a variety of multi-billion dollar publicly-traded companies in the energy, consumer services and manufacturing sectors and comes with an impressive background and proven strategic leadership in corporate finance, financial planning and analysis, mergers & acquisitions, business development, and process automation," said Patrick J. Demp
BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Lukas Hovorka to the position of Senior Vice President, Corporate Development, effective March 1, 2021. “Lukas has been an instrumental part of the ongoing transformation of Barnes Group and the reshaping of our business portfolio. With his promotion, I look forward to further collaborating with him on the acceleration of our efforts to build a world-class company of high margin, high growth businesses. Given Lukas’s extensive experience in corporate development, his thorou
BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Regions Financial Corporation (NYSE:RF) Board of Directors today declared a cash dividend of $14.25 per share of Series C Preferred Stock outstanding (equivalent to approximately $0.35625 per depositary share), payable on Feb. 16, 2021, to stockholders of record at the close of business on Feb. 1, 2021. About Regions Financial Corporation Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Te
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) is now trading under the single-letter ticker symbol ‘B' on the New York Stock Exchange, reinforcing the Company's position as a global gold and copper mining leader. In celebration of this milestone, Barrick president and chief executive Mark Bristow rang The Opening Bell® at the NYSE this morning. "Barrick's vision is to be the world's most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to organically growing our production volumes
NEW YORK, May 9, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on May 9th President Donald Trump announced a preliminary trade deal with the U.K. yesterday. It is the first agreement between the U.S. and one of its key global trading partners since the President's reciprocal tariff announcement on April 2nd.Market action indicates investor optimism that this deal is the start of more progress. While details have yet to be finalized, President Trump said
MIAMI and PRINCETON, N.J., April 16, 2025 /PRNewswire/ -- Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced the Bloomberg® US Large Cap Price Return Index (NYSE:B) is available through the Options Price Reporting Authority (OPRA) and MIAX Product Feed (MPF) under symbol BBX. "The availability of BBX through the MPF and OPRA provides the industry with a valuable data source to support the new MIAX Bloomberg 500 Index Futures and Options products we plan to lau
MÖLNDAL, Sweden , March 28, 2025 /PRNewswire/ -- Integrum AB (publ) (Nasdaq First North Growth Market: INTEG B) today announces that the company has implemented a new compensation package for its Board Director and Acting CEO Scott Flora. "Integrum is currently undergoing a major strategic shift. As part of this work, the board has renegotiated Acting CEO Scott Flora's compensation package to increase focus on performance-based compensation. The recruitment of a permanent CEO is ongoing, and the new agreement with Scott Flora provides continued stability and growth focus in the executive management team during this transition phase," comments Kristofer Westergren, Board Director of Integr
STOCKHOLM, Sweden, March 3, 2025 /PRNewswire/ -- BioArctic AB's (publ) (NASDAQ:BIOA) (STOCKHOLM: BIOA B) partner Eisai announced today that the Therapeutic Goods Administration (TGA) of Australia has declined the approval of lecanemab (generic name) as a treatment for early Alzheimer's disease (AD) (mild cognitive impairment due to AD and mild AD dementia). Eisai remains committed to ensuring eligible Australians with early Alzheimer's disease can access lecanemab and is exploring options to achieve this, including potentially seeking review by the Administrative Review Tribunal. In October 2024, the TGA made the decision not to register lecanemab in Australia for the treatment of patients
MIAMI and PRINCETON, N.J., Jan. 29, 2025 /PRNewswire/ -- Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced plans to list Bloomberg® 500 Index futures and options on its MIAX® exchanges in the second half of 2025, subject to various regulatory filings and approvals. MIAX Bloomberg 500 Index Futures will be listed on MIAX FuturesTM, pending certain filings with the Commodity Futures Trading Commission (CFTC). MIAX Bloomberg 500 Index Options will be listed on MIAX Options, pending certain filings with and subject to approval from the Securities and Exchange Commission (SEC).
Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, and Apollo (NYSE:APO) today announced that funds managed by affiliates of Apollo (the "Apollo Funds") have completed the previously announced acquisition of Barnes in an all-cash transaction with a total enterprise value of approximately $3.6 billion. "We are pleased to announce the completion of our transaction with Apollo Funds, which opens the door to the next phase in Barnes' evolution," said Thomas J. Hook, President and Chief Executive Officer of Barnes. "Under Apollo Funds' ownership, we are well positioned to acce
NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Guidewire Software Inc. (NYSE:GWRE) will replace Arrowhead Pharmaceuticals Inc. (NASD: ARWR) in the S&P MidCap 400, and Arrowhead Pharmaceuticals will replace Barnes Group Inc. (NYSE:B) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, January 27. S&P 500 constituent Apollo Global Management Inc. (NYSE:APO) is acquiring Barnes Group in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector January 27, 2025 S&P MidCap 400 Addition Guidewi
Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company's previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") at the Company's Special Meeting of Shareholders (the "Special Meeting"). Under the terms of the merger agreement, subject to the completion of the transaction, Barnes stockholders will receive $47.50 per share in cash for every share of Barnes common stock they own immediately prior to the effective time of the merge
LINKÖPING, Sweden, Dec. 12, 2024 /PRNewswire/ -- International medical imaging IT and cybersecurity company Sectra's (STO: SECT B) order bookings for the second quarter surpassed SEK 4 billion, exceeding the previous highest level for a single quarter. In other respects, the outcome was dampened by currency effects as well as the ongoing transformation of the business model. However, the transition to service sales and cloud deliveries is nonetheless progressing rapidly and will eventually benefit Sectra and its customers. Second quarter: August–October in figures Contracted order bookings rose 739.6% to SEK 4,223.1 million (503.0), of which SEK 4,017.0 million (460.1) pertained to guarante
DA Davidson upgraded Barnes Group from Neutral to Buy and set a new price target of $45.00 from $35.00 previously
Wolfe Research initiated coverage of Barnes Group with a rating of Peer Perform
Alembic Global Advisors downgraded Barnes Group from Overweight to Neutral and set a new price target of $42.00
Morgan Stanley reiterated coverage of Barnes Group with a rating of Equal Weight and set a new price target of $270.00 from $248.00 previously
DA Davidson reiterated coverage of Barnes Group with a rating of Neutral and set a new price target of $45.00 from $36.00 previously
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NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) is now trading under the single-letter ticker symbol ‘B' on the New York Stock Exchange, reinforcing the Company's position as a global gold and copper mining leader. In celebration of this milestone, Barrick president and chief executive Mark Bristow rang The Opening Bell® at the NYSE this morning. "Barrick's vision is to be the world's most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to organically growing our production volumes
Barnes Shareholders to Receive $47.50 Per Share in Cash Barnes Group Inc. (NYSE:B) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) ("Apollo") (the "Apollo Funds") in an all-cash transaction that values Barnes at an enterprise value of approximately $3.6 billion. The agreement provides that Barnes shareholders will receive $47.50 per share in cash. The per share purchase price represents a premium of approximately 22% over Barnes' undisturbed c
Barnes Group Inc. (NYSE:B) today announced it will release third quarter 2024 financial results on Friday, October 25, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the confere
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 10, 2024, to shareholders of record at the close of business on August 22, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering ex
Barnes Group Inc. (NYSE:B) today announced it will release second quarter 2024 financial results on Friday, July 26, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the conferen
The Board of Directors of Barnes Group Inc. (NYSE:B) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 10, 2024, to shareholders of record at the close of business on May 29, 2024. Barnes and its predecessor companies have paid a cash dividend to stockholders on a continuous basis since 1934. About Barnes Barnes Group Inc. (NYSE:B) leverages world-class manufacturing capabilities and market-leading engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical & personal care to mobility and packaging. With a celebrated legacy of pioneering excellence,
Long-term Profitable Growth Strategy Driving a More Aerospace Oriented Business Comparisons are year-over-year unless noted otherwise First Quarter 2024: Sales of $431 million, up 28%; Organic Sales up 4% Operating Margin of 9.2%; Adjusted Operating Margin of 11.9%, up 80 bps Adjusted EBITDA Margin of 18.7%, up 130 bps GAAP EPS of $0.04; Adjusted EPS of $0.38, down 19% 2024 Outlook: Sales Growth of 13% to 16%; Organic Sales Growth of 5% to 8% Adjusted EBITDA Margin of 20% to 22% GAAP EPS of $1.08 to $1.28; Adjusted EPS of $1.62 to $1.82 Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and inno
Transaction Highlights OEP's Carve-out Capability in Industrials One Equity Partners ("OEP"), a middle market private equity firm, today announced it has completed the acquisition of engineered spring and precision components manufacturer Associated Spring (or "the Company") from global industrial technology and aerospace manufacturer Barnes Group Inc. (NYSE:B). Founded in Bristol, Connecticut, Associated Spring is a leading manufacturer of custom parts, including engineered springs and high precision metal components, as well as stamped manufactured solutions and assemblies for industrial, medical, and automotive applications. The Company has a scalable, global operating footprint with
Barnes Group Inc. (NYSE:B) today announced it will release first quarter 2024 financial results on Friday, April 26, 2024, before the market opens. Barnes will also host a conference call which will begin at 8:30 a.m. (ET) on that day to discuss the results and the Company's outlook. The public may access the conference through a live audio webcast available on the Investor Relations section of the Barnes website at www.onebarnes.com. The conference is also available by direct dial at (888) 510-2379 in the U.S. or (646) 960-0691 outside of the U.S.; Conference ID 1137078. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the conferen
Results Reflect Execution of Portfolio Optimization and Focus on Long-term Profitable Growth Strategy Comparisons are year-over-year unless noted otherwise Fourth Quarter 2023: Sales of $416 million, up 33%; Organic Sales up 2% Operating Margin of 7.1%; Adjusted Operating Margin of 11.5%, up 30 bps Adjusted EBITDA Margin of 18.8%, up 50 bps GAAP EPS of $0.14; Adjusted EPS of $0.41, down 21% on acquisition-related interest Full Year 2023: Sales of $1,451 million, up 15% ; Organic Sales up 5% Operating Margin of 6.1%; Adjusted Operating Margin of 11.5%, down 10 bps Adjusted EBITDA Margin of 18.6%, up 20 bps GAAP EPS of $0.31; Adjusted EPS of $1.65, down 17% on a