Barnes Group Inc. (B) Bundle
A Brief History of Barnes Group Inc. (B)
Company Overview
Barnes Group Inc. is a global industrial technology and manufacturing company headquartered in Bristol, Connecticut. Traded on the New York Stock Exchange under the ticker symbol B.
| Financial Metric | 2022 Value | 2023 Value |
|---|---|---|
| Annual Revenue | $1.63 billion | $1.71 billion |
| Net Income | $104.8 million | $112.3 million |
| Market Capitalization | $2.1 billion | $2.3 billion |
Business Segments
- Aerospace segment
- Industrial segment
Key Financial Performance
As of Q4 2023, Barnes Group Inc. reported:
- Earnings per share: $1.48
- Operating cash flow: $142.5 million
- Total debt: $456.7 million
Geographic Presence
| Region | Percentage of Revenue |
|---|---|
| United States | 62% |
| Europe | 24% |
| Asia Pacific | 14% |
Corporate Leadership
Patrick Dempsey serves as President and Chief Executive Officer as of 2024.
A Who Owns Barnes Group Inc. (B)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 2,358,716 | 10.23% |
| BlackRock Inc. | 1,987,543 | 8.62% |
| State Street Corporation | 1,456,789 | 6.32% |
Top Institutional Investors
- Dimensional Fund Advisors LP: 1,345,678 shares
- Wellington Management Company LLP: 987,654 shares
- JPMorgan Chase & Co.: 876,543 shares
Insider Ownership
Patrick A. Dempsey (President and CEO): 156,789 shares
Christopher J. Stephens Jr. (CFO): 45,678 shares
Ownership Distribution
Total Outstanding Shares: 23,045,678
Institutional Ownership: 68.45%
Insider Ownership: 1.32%
Individual/Retail Ownership: 30.23%
Barnes Group Inc. (B) Mission Statement
Company Overview
Barnes Group Inc. (NYSE: B) is a global industrial technology and services company headquartered in Bristol, Connecticut. As of 2024, the company operates in two primary segments: Industrial and Aerospace.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.67 billion |
| Net Income | $106.4 million |
| Market Capitalization | $2.3 billion |
Mission Statement Components
- Deliver innovative industrial technology solutions
- Provide high-quality precision manufacturing services
- Maintain global operational excellence
- Drive sustainable growth through technological advancement
Key Strategic Focus Areas
Industrial Segment Priorities:
- Precision manufacturing technologies
- Advanced engineering solutions
- Automotive and industrial market expansion
Aerospace Segment Objectives:
- Advanced aerospace component manufacturing
- Aftermarket aerospace services
- Global aerospace supply chain optimization
Operational Metrics
| Operational Indicator | 2023 Performance |
|---|---|
| Total Employees | 5,200 |
| Global Locations | 22 countries |
| Research & Development Investment | $42.3 million |
How Barnes Group Inc. (B) Works
Company Overview
Barnes Group Inc. is a global industrial technology and manufacturing company headquartered in Bristol, Connecticut. As of 2024, the company operates through two primary segments: Industrial and Aerospace.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.66 billion |
| Net Income | $109.8 million |
| Earnings Per Share | $2.01 |
| Market Capitalization | $1.97 billion |
Business Segments
Industrial Segment
The Industrial segment provides engineered industrial products and services across various markets.
- Operates manufacturing facilities in North America, Europe, and Asia
- Serves automotive, aerospace, and general industrial markets
- Offers precision component manufacturing
Aerospace Segment
The Aerospace segment focuses on manufacturing and servicing aerospace and defense components.
- Provides precision machined components
- Serves commercial and military aerospace markets
- Operates repair and overhaul services
Geographic Presence
| Region | Percentage of Revenue |
|---|---|
| United States | 62% |
| Europe | 28% |
| Asia Pacific | 10% |
Key Operational Metrics
- Total Employees: 4,800
- Number of Manufacturing Facilities: 24
- Research and Development Spending: $45.3 million
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| NYSE Ticker | B |
| Current Stock Price | $36.45 |
| 52-Week High | $43.27 |
| 52-Week Low | $29.89 |
How Barnes Group Inc. (B) Makes Money
Business Segments
Barnes Group Inc. generates revenue through two primary business segments:
- Industrial
- Aerospace
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.67 billion |
| Net Income | $107.3 million |
| Gross Margin | 39.2% |
Industrial Segment Revenue
The Industrial segment generates revenue through:
- Engineered Components
- Industrial Automation Solutions
| Product Category | 2023 Revenue |
|---|---|
| Engineered Components | $834 million |
| Industrial Automation | $456 million |
Aerospace Segment Revenue
The Aerospace segment generates revenue through:
- Commercial Aerospace
- Defense Aerospace
| Aerospace Category | 2023 Revenue |
|---|---|
| Commercial Aerospace | $380 million |
| Defense Aerospace | $212 million |
Geographic Revenue Distribution
| Region | Percentage of Revenue |
|---|---|
| United States | 62% |
| Europe | 28% |
| Asia Pacific | 10% |
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