BRISTOL, Conn.--(BUSINESS WIRE)--In the face of critical aerospace engine component repair capacity constraints within the aerospace industry, Barnes Aerospace is excited to announce that it has added a new component repair facility in Singapore. Barnes Aerospace’s component repair capacity to support customers’ needs in the region will increase, as does the facility footprint by approximately 50%. This strategic expansion marks a significant milestone for Barnes Aerospace as it enhances its capacity to ...

Barnes Group Inc. (B) reported adjusted earnings of 41 cents per share in fourth-quarter 2023, surpassing the Zacks Consensus Estimate of adjusted earnings of 35 cents per share. The bottom line declined 21% year over year due to the increasing cost of sales.Inside the HeadlinesTotal revenues of $415.5 million missed the Zacks Consensus Estimate of $420 million. Nevertheless, the top line increased 32.6% year over year, with organic sales growth of 2%.Barnes reports revenues under two heads, namely Industri ...

For the quarter ended December 2023, Barnes Group (B) reported revenue of $415.54 million, up 32.6% over the same period last year. EPS came in at $0.41, compared to $0.52 in the year-ago quarter.The reported revenue represents a surprise of -1.00% over the Zacks Consensus Estimate of $419.75 million. With the consensus EPS estimate being $0.35, the EPS surprise was +17.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Barnes Group (B) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.14%. A quarter ago, it was expected that this aerospace and industrial parts supplier would post earnings of $0.51 per share when it actually produced earnings of $0.19, delivering a surprise of -62.75%.Over the last ...

NEW YORK--(BUSINESS WIRE)--Irenic Capital Management LP (together with its affiliates, “Irenic” or “we”), a top shareholder of Barnes Group Inc. (NYSE: B) (“Barnes” or the “Company”) and the beneficial owner of approximately 5.1% of the Company’s outstanding common stock, today issued the following statement from Co-Founder and Chief Investment Officer Adam Katz: “ We are committed to working constructively and in good faith to help Barnes realize its potential. Today's underwhelming results for the fourth ...

Barnes Group Inc. (NYSE:B) Q4 2023 Earnings Conference Call February 16, 2024 8:30 AM ET Company Participants William Pitts - VP, IR Thomas J. Hook - President and CEO Julie K. Streich - SVP, Finance and CFO Ian Reason - SVP, Barnes and President, Barnes Aerospace Conference Call Participants Matt Summerville - D.A. Davidson & Co. Christopher Glynn - Oppenheimer & Co. Myles Walton - Wolfe Research Michael Ciarmoli - Truist Securities Operator Good morning. My name is Krista and I will be your conference ope ...

Fourth Quarter & Full Year 2023 Earnings Presentation February 16, 2024 The data in this package should be read in conjunction with Barnes Group Inc.’s earnings release and periodic filings with the SEC. Today’s Speakers ...

BRISTOL, Conn.--(BUSINESS WIRE)--Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the fourth quarter and full year 2023. "Barnes has made meaningful progress executing our business transformation and long-term profitable growth strategy. We delivered full year organic sales growth in our Aerospace business, and the acquisition of MB Aerospace further enhances our capabilitie ...

In its upcoming report, Barnes Group (B) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 32.7% compared to the same period last year. Revenues are forecasted to be $419.75 million, representing a year-over-year increase of 33.9%.The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...

BRISTOL, Conn.--(BUSINESS WIRE)--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 March 8, 2024, to shareholders of record at the close of business on February 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 engineer ...