Sector: Industrials | Industry: Industrial Machinery & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 123 MAIN ST BRISTOL CT 06010 |
Tel: | 1-860-5837070 |
Website: | https://www.onebarnes.com |
IR: | See website |
Key People | ||
Thomas J. Hook President, Chief Executive Officer, Director | Julie Streich Chief Financial Officer, Senior Vice President - Finance | Jay B. Knoll Senior Vice President, General Counsel, Company Secretary |
Dawn N. Edwards Senior Vice President - Human Resources | Lukas Hovorka Senior Vice President - Corporate Development | Ian M. Reason Senior Vice President; President of Barnes Aerospace | Marian Acker Chief Accounting Officer, Vice President, Controller |
Business Overview |
Barnes Group Inc. is focused on manufacturing capabilities and engineering to develop advanced processes, automation solutions, and applied technologies for industries ranging from aerospace and medical and personal care to mobility and packaging. The Company operates through two segments: Aerospace and Industrial. The Aerospace segment includes the original equipment manufacturing (OEM) business and the aftermarket business, which includes maintenance repair and overhaul (MRO) services and the manufacture and delivery of aerospace aftermarket spare parts. The Industrial segment is a global provider of highly engineered precision components, products and systems for critical applications serving a diverse customer base in end-markets, such as industrial equipment, automation, personal care, packaging, electronics, mobility and medical devices. The Industrial segment includes the Molding Solutions, Automation and Motion Control Solutions (MCS) business units. |
Financial Overview |
For the fiscal year ended 31 December 2023, Barnes Group Inc revenues increased 15% to $1.45B. Net income increased 19% to $16M. Revenues reflect Aerospace segment increase of 42% to $608.1M, Industrial segment increase of 1% to $842.8M, Americas segment increase of 20% to $794.7M, Europe segment increase of 14% to $428.4M, Asia segment increase of 3% to $216.4M. Net income benefited from Industrial segment income totaling $36M vs. loss of $19.1M. |
Employees: | 6,500 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $3,014M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,451M as of Dec 31, 2023 |
EBITDA (TTM): | $245.50M as of Dec 31, 2023 |
Net annual income (TTM): | $16.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $24.26M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,201M as of Dec 31, 2023 |
Shares outstanding: | 50,696,714 as of Mar 5, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |