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United Kingdom

Barnes Group Inc (B.N)

B.N on New York Stock Exchange

60.31USD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

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

Barnes Group Inc - ‍reaffirms full-year 2017 outlook​
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - Barnes Group Inc :Barnes Group Inc - ‍reaffirms full-year 2017 outlook​.Barnes Group Inc - sees ‍organic sales 4% to 6% CAGR​ for 2020.Barnes Group Inc - sees ‍operating margin 18% to 19% for 2020​.Barnes Group Inc - sees ‍EPS in double-digit CAGR​ for 2020.FY2017 earnings per share view $2.89, revenue view $1.40 billion -- Thomson Reuters I/B/E/S.  Full Article

Barnes Group Q2 adjusted earnings per share $0.81
Friday, 28 Jul 2017 

July 28 (Reuters) - Barnes Group Inc ::Barnes Group Inc. reports second quarter 2017 financial results.Q2 earnings per share $0.82.Q2 sales $364 million versus I/B/E/S view $335.8 million.Sees FY 2017 sales up 14 to 15 percent.Sees FY 2017 adjusted earnings per share $2.80 to $2.90 from continuing operations.Q2 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Now expects 2017 total revenue growth of 14% to 15% with organic revenue growth of 9% to 10%.Adjusted operating margins are forecasted to be in range of 15.5% to 16.0% for 2017.Aerospace backlog was $683 million at end of Q2 of 2017, up 4% compared to a year ago.Foreign exchange is not anticipated to have a meaningful impact for 2017.Company anticipates capital expenditures of approximately $55 million for 2017.FY2017 earnings per share view $2.78, revenue view $1.34 billion -- Thomson Reuters I/B/E/S.Qtrly adjusted earnings per share $0.81.  Full Article

Barnes group sets quarterly cash dividend of $0.14per share
Thursday, 20 Jul 2017 

July 20 (Reuters) - Barnes Group Inc :Sets quarterly cash dividend of $0.14per share.  Full Article

Barnes Group Q1 adjusted EPS $0.71
Friday, 28 Apr 2017 

April 28 (Reuters) - Barnes Group Inc :Barnes group inc. Reports first quarter 2017 financial results.Q1 adjusted earnings per share $0.71.Q1 earnings per share $0.70.Q1 sales rose 19 percent to $342 million.Sees fy 2017 sales up 8 to 9 percent.Barnes group inc - sees fy organic sales growth of 5% to 6%.Barnes group inc - sees 2017 adjusted net income of $2.68 to $2.78 per diluted share.Barnes group inc - qtrly organic sales increased by 11%.Barnes group inc - aerospace backlog was $687 million at end of q1 of 2017, up 16% year-over-year.Q1 earnings per share view $0.60, revenue view $314.8 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $2.71, revenue view $1.32 billion -- Thomson Reuters I/B/E/S.  Full Article

Barnes Group Q4 adjusted earnings per share $0.67
Friday, 17 Feb 2017 

Barnes Group Inc : Barnes Group Inc reports fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $0.67 . Q4 earnings per share $0.67 . Q4 sales $324 million versus I/B/E/S view $328.4 million . Q4 earnings per share view $0.64 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up 6 to 8 percent . Sees Q1 2017 adjusted earnings per share $2.61 to $2.76 from continuing operations . Barnes Group Inc sees organic sales growth of 3% to 5% for 2017 . Sees 2017 adjusted net income of $2.61 to $2.76 per diluted share; up 3% to 9% from 2016 . Barnes Group Inc - aerospace backlog was $636 million at end of Q4 of 2016, up 11% year-over-year . Barnes Group Inc - company anticipates capital expenditures of approximately $55 million in 2017 . FY 2017 earnings per share view $2.67, revenue view $1.32 billion -- Thomson Reuters I/B/E/S .Barnes Group Inc qtrly organic sales growth of 9%.  Full Article

Barnes Group says amends existing revolving credit agreement - SEC filing
Tuesday, 7 Feb 2017 

Barnes Group Inc : On February 2, 2017 entered into an amendment to its existing revolving credit agreement - SEC filing . Amended credit agreement extends maturity date to Feb 2, 2022; increases borrowing availability from $750 million to $850 million - SEC filing .Amendment increases accordion feature from $250 million to $350 million resulting in total available borrowings of $1.2 billion.  Full Article

Australia plans law for tech firms to hand over encrypted private data

SYDNEY, Aug 14 Australia on Tuesday proposed a new law requiring technology firms such as Alphabet Inc's Google , Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities.