Barnes Group Inc (N:B)

Business Focus: Industrial Machinery & Equipment

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
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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

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