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Barnes Group Inc (B.N)

B.N on New York Stock Exchange

54.44USD
20 Sep 2019
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$-0.37 (-0.68%)
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Latest Key Developments (Source: Significant Developments)

Barnes Group Reports Second Quarter 2019 GAAP Earnings Per Share Of $0.73
Friday, 26 Jul 2019 

July 26 (Reuters) - Barnes Group Inc ::. REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.75.Q2 GAAP EARNINGS PER SHARE $0.73.Q2 SALES $372 MILLION VERSUS REFINITIV IBES ESTIMATE OF $387.7 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.78 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.18 TO $3.28.SEES FY 2019 REVENUE UP 3 TO 4 PERCENT.Q2 INDUSTRIAL SALES WERE $233.4 MILLION, DOWN 6%.SEES EXPECTS CAPITAL EXPENDITURES OF $60 MILLION AND CASH CONVERSION OF APPROXIMATELY 100% OF NET INCOME IN 2019.Q2 2019 AEROSPACE SALES WERE $138.3 MILLION, UP 10%.FY2019 EARNINGS PER SHARE VIEW $3.24, REVENUE VIEW $1.56 BILLION -- REFINITIV IBES DATA.BARNES GROUP - SEES 2019 EARNINGS PER SHARE OF $3.10-$3.20, DOWN FROM PRIOR EXPECTATION OF $3.15-$3.27.BARNES GROUP - TRADE UNCERTAINTIES, CHALLENGING END MARKETS PERSISTED IN Q2.BARNES GROUP - Q2 TRADE UNCERTAINTIES, CHALLENGING END MARKETS LED TO DEFERRAL OF CUSTOMER NEW PROGRAM LAUNCHES IN SOME HIGHER MARGIN INDUSTRIAL BUSINESSES."CONTINUE TO ADJUST OUR OPERATIONS AS NECESSARY TO ALIGN WITH CURRENT MARKET CONDITIONS".  Full Article

Barnes Group Reports Q1 Adjusted Earnings Per Share Of $0.71
Friday, 26 Apr 2019 

April 26 (Reuters) - Barnes Group Inc ::REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.71.Q1 GAAP EARNINGS PER SHARE $0.65.Q1 SALES $377 MILLION VERSUS REFINITIV IBES ESTIMATE OF $374 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.69 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.23 TO $3.35.SEES FY 2019 REVENUE UP 4 TO 6 PERCENT.FOREIGN EXCHANGE IS ANTICIPATED TO NEGATIVELY IMPACT REVENUES BY APPROXIMATELY 1% FOR YEAR.FOR 2019 CONTINUES TO EXPECT CAPITAL EXPENDITURES OF $60 TO $65 MILLION AND CASH CONVERSION OF GREATER THAN 100% OF NET INCOME.AEROSPACE OEM BACKLOG ENDED Q1 AT $804 MILLION, UP 10% COMPARED TO A YEAR AGO, AND DOWN 5% FROM YEAR END 2018.FY2019 EARNINGS PER SHARE VIEW $3.27, REVENUE VIEW $1.57 BILLION -- REFINITIV IBES DATA.  Full Article

Barnes Group Says CEO Patrick Dempsey's FY 2018 Total Compensation Was $6.8 Mln Vs $8.5 Mln In FY 2017
Friday, 22 Mar 2019 

March 22 (Reuters) - Barnes Group Inc ::BARNES GROUP INC SAYS CEO PATRICK DEMPSEY'S FY 2018 TOTAL COMPENSATION WAS $6.8 MILLION VERSUS. $8.5 MILLION IN FY 2017 - SEC FILING.BARNES GROUP INC - CEO'S ANNUAL TOTAL COMPENSATION TO THE MEDIAN EMPLOYEE’S ANNUAL TOTAL COMPENSATION WAS 108 TO 1.  Full Article

Barnes Group Q4 Adjusted Earnings Per Share $0.84
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Barnes Group Inc ::. REPORTS FOURTH QUARTER AND FULL YEAR 2018 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.84.Q4 GAAP EARNINGS PER SHARE $0.75.Q4 SALES $384 MILLION VERSUS REFINITIV IBES ESTIMATE OF $391.4 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.82 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.25 TO $3.40.SEES FY 2019 SALES UP 4 TO 6 PERCENT.SEES 2019 ORGANIC SALES GROWTH OF 1% TO 3%.FY2019 EARNINGS PER SHARE VIEW $3.46 -- REFINITIV IBES DATA.2019 EARNINGS ARE EXPECTED TO BE IN RANGE OF $3.17 TO $3.32 PER DILUTED SHARE.2019 ADJUSTED OPERATING MARGIN IS FORECASTED TO BE BETWEEN 16.0% AND 16.5%.COMPANY ANTICIPATES CAPITAL EXPENDITURES OF $60 TO $65 MILLION FOR 2019.SAYS "WE SEE A GREATER LEVEL OF ECONOMIC UNCERTAINTY IN CERTAIN INDUSTRIAL END MARKETS IN EARLY 2019".FOREIGN EXCHANGE IS ANTICIPATED TO NEGATIVELY IMPACT REVENUES BY APPROXIMATELY 1% FOR 2019.  Full Article

Barnes Group To Buy Gimatic For 370 Mln Euros In Cash
Thursday, 20 Sep 2018 

Sept 20 (Reuters) - Barnes Group Inc ::BARNES GROUP INC. TO ACQUIRE GIMATIC S.R.L..BARNES GROUP HAS AGREED TO PURCHASE GIMATIC FOR EUR 370 MILLION IN CASH.EXPECTED TO FINANCE TRANSACTION WITH CASH ON HAND AND ADDITIONAL BORROWINGS UNDER ITS EXISTING CREDIT AGREEMENT.GIMATIC WILL OPERATE AS A NEW STRATEGIC BUSINESS UNIT WITHIN BARNES GROUP'S INDUSTRIAL SEGMENT.  Full Article

Barnes Group CEO Patrick Dempsey's FY 2017 Total Compensation Was $8.5 Mln
Friday, 23 Mar 2018 

March 23 (Reuters) - Barnes Group Inc ::BARNES GROUP INC SAYS CEO PATRICK DEMPSEY'S FY 2017 TOTAL COMPENSATION WAS $8.5 MILLION VERSUS $6.2 MILLION IN FY 2016 - SEC FILING.  Full Article

Barnes Group Q4 Loss Per Share $1.10
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Barnes Group Inc ::. REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.71.Q4 GAAP LOSS PER SHARE $1.10.Q4 SALES ROSE 15 PERCENT TO $373 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.98 TO $3.13.SEES FY 2018 SALES UP 4 TO 6 PERCENT.‍2018 EXPECTED SALES GROWTH OF 4% TO 6%​.SEES ‍2018 ORGANIC SALES GROWTH OF 3% TO 5%​.‍IN Q4 OF 2017, COMPANY RECORDED A CHARGE OF $96.7 MILLION RELATED TO NEW U.S. TAX LEGISLATION​.Q4 EARNINGS PER SHARE VIEW $0.67, REVENUE VIEW $357.8 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.97, REVENUE VIEW $1.50 BILLION -- THOMSON REUTERS I/B/E/S.FOREIGN EXCHANGE ANTICIPATED TO BENEFIT REVENUES BY ABOUT 1% FOR 2018.FOR 2018, COMPANY ANTICIPATES CAPITAL EXPENDITURES OF BETWEEN $60 MILLION TO $65 MILLION.  Full Article

Barnes Group reports Q3 earnings per share $0.65
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Barnes Group Inc :Barnes Group Inc. reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.66.Q3 earnings per share $0.65.Q3 sales $357 million versus I/B/E/S view $351 million.Q3 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up 15.5 to 16.5 percent.Sees Q4 2017 adjusted earnings per share $2.84 to $2.89 from continuing operations.Barnes Group Inc - ‍ 2017 expected adjusted net income of $2.84 to $2.89 per diluted share​.FY2017 earnings per share view $2.90, revenue view $1.41 billion -- Thomson Reuters I/B/E/S.Barnes Group Inc - ‍ 2017 expected organic sales growth of 10.5% to 11.5%​.Barnes Group Inc - For 2017, co anticipates capital expenditures in range of $55 to $60 million​.Barnes Group Inc - ‍For 2017 foreign exchange is not anticipated to have meaningful impact for year​.  Full Article