Edition:
United States

Barnes Group Inc (B.N)

B.N on New York Stock Exchange

50.29USD
3:02pm EDT
Change (% chg)

$1.03 (+2.09%)
Prev Close
$49.26
Open
$49.38
Day's High
$50.57
Day's Low
$49.12
Volume
27,601
Avg. Vol
66,464
52-wk High
$51.90
52-wk Low
$31.13

Latest Key Developments (Source: Significant Developments)

Barnes Group Q4 adjusted earnings per share $0.67
Friday, 17 Feb 2017 06:30am EST 

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 03:54pm EST 

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

Barnes Group sets quarterly cash dividend of $0.13/share
Friday, 14 Oct 2016 09:54am EDT 

Barnes Group Inc:Sets quarterly cash dividend of $0.13 per share.  Full Article

Barnes Group reports Q2 adjusted EPS $0.63
Friday, 29 Jul 2016 06:30am EDT 

Barnes Group Inc : Barnes Group Inc. reports second quarter 2016 financial results . Q2 adjusted earnings per share $0.63 . Q2 earnings per share $0.61 . Q2 sales $307 million versus I/B/E/S view $308.7 million . Sees FY 2016 adjusted earnings per share $2.46 to $2.56 . Sees FY 2016 earnings per share $2.43 to $2.53 .Q2 earnings per share view $0.61 -- Thomson Reuters I/B/E/S.  Full Article

Barnes Group sets quarterly cash dividend of $0.13 per share
Thursday, 14 Jul 2016 10:49am EDT 

Barnes Group Inc :Sets quarterly cash dividend of $0.13 per share.  Full Article

Barnes Group says to buy Adval Tech's molds business
Tuesday, 12 Jul 2016 01:00am EDT 

Barnes Group Inc : Barnes group Inc To acquire the molds business of Adval Tech Holding Ag . Says Barnes Group has agreed to purchase Foboha mold-making business for CHF 133 million (approximately $136 million) . Says expected to finance transaction with cash on hand and borrowings under company's revolving credit facility .Following deal closing, Foboha to operate as business within molding solutions strategic business unit of co's industrial segment.  Full Article

Barnes Group increases qtrly dividend 8 pct to 13 cents per share
Friday, 6 May 2016 09:50am EDT 

Barnes Group Inc : Barnes Group Inc declares increased quarterly dividend .Increased company's quarterly cash dividend 8 percent to thirteen cents $0.13 per share of common stock.  Full Article

Barnes Group Inc gives FY 2016 guidance
Friday, 19 Feb 2016 06:30am EST 

Barnes Group Inc:Expects FY 2016 sales growth in the range of 2% to 4%.Expects FY 2016 organic sales growth in the range of 0% to 2%.Expects FY 2016 adjusted net income in the range of $2.43 to $2.58 per diluted share.  Full Article

Barnes Group Inc says is taking action to reduce size of U.S. pension plan obligation - Reuters
Friday, 23 Oct 2015 06:39am EDT 

Barnes Group Inc:Says taking action to reduce the size and potential volatility of its U.S. pension plan obligation - RTRS.Recently offered about 1,300 former employees an option to receive a lump sum distribution of their vested benefits by the end of 2015 - RTRS.Expects to record a non-cash pension settlement charge in the fourth quarter - RTRS.Lump sum distribution offer represents approximately 17% of Barnes group's U.S. pension plan obligations - RTRS.Plan's funded status is expected to remain materially unchanged as a result of the offer - RTRS.Charge will be excluded from adjusted earnings for fourth quarter - RTRS.  Full Article

Barnes Group Inc lowers FY 2015 guidance
Friday, 23 Oct 2015 06:30am EDT 

Barnes Group Inc:Expects FY 2015 organic revenue growth of about 1%, down from previous expectation of 4% to 6%, with total revenue down 3% to 4%.Expects adjusted diluted EPS from continuing operations to be in the range of $2.42 to $2.47.Reported revenue of $1.262 billion in FY 2014.FY 2015 revenue of $1.26 billion and EPS of $2.49 - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

BRIEF-Barnes Group CEO Patrick Dempsey's 2016 total compensation was $6.2 mln

* CEO Patrick Dempsey's 2016 total compensation was $6.2 million versus $4.5 million in 2015 - SEC filing Source text for Eikon: Further company coverage: