Last €35.46 EUR
Change Today +0.219 / 0.62%
Volume 0.0
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As of 2:08 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

barnes group inc (BG4) Snapshot

Open
€35.13
Previous Close
€35.24
Day High
€35.46
Day Low
€35.13
52 Week High
02/27/15 - €35.89
52 Week Low
10/2/14 - €23.24
Market Cap
1.9B
Average Volume 10 Days
5.0
EPS TTM
--
Shares Outstanding
54.6M
EX-Date
02/24/15
P/E TM
--
Dividend
€0.47
Dividend Yield
1.03%
Current Stock Chart for BARNES GROUP INC (BG4)

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barnes group inc (BG4) Details

Barnes Group Inc. operates as an industrial and aerospace manufacturer and service provider serving a range of end markets and customers worldwide. The company operates in two segments, Industrial and Aerospace. The Industrial segment offers precision parts, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy, as well as personal care/health care industries. This segment also manufactures and supplies precision mechanical products, including precision mechanical springs and nitrogen gas products; high-precision punched and fine-blanked components, nitrogen gas springs and manifold systems, and retention rings; and high precision molds, valve gate hot runner systems, and system solutions. The Aerospace segment produces precision-machined and fabricated components and assemblies for original equipment manufacturer turbine engine, airframe, and industrial gas turbine builders, as well as for the military. It also offers maintenance, overhaul, and repair services for jet engine components to turbine engine manufacturers, commercial airlines, and the military. In addition, this segment manufactures aerospace aftermarket spare parts, as well as provides repair services for aircraft engine components. The company sells its products primarily through its direct sales force and global distribution channels. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

4,515 Employees
Last Reported Date: 02/23/15
Founded in 1857

barnes group inc (BG4) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $700.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $453.6K
Senior Vice President and President of Barnes...
Total Annual Compensation: $334.8K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $296.0K
Compensation as of Fiscal Year 2013.

barnes group inc (BG4) Key Developments

Barnes Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Barnes Group Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $310,173,000 against $291,136,000 a year ago. Operating income was $48,583,000 against $34,066,000 a year ago. Income from continuing operations before income taxes was $45,435,000 against $30,140,000 a year ago. Income from continuing operations was $33,258,000 or $0.60 per diluted share against $26,313,000 or $0.47 per diluted share a year ago. Net income was $31,512,000 or $0.57 per basic share against $26,824,000 or $0.48 per diluted share a year ago. Operating income as adjusted (non-GAAP) was $49,842,000 against $41,345,000 a year ago. Diluted income from continuing operations per share as adjusted (non-GAAP) was $0.62 against $0.57 a year ago. For the year, the company reported net sales of $1,262,006,000 against $1,091,566,000 a year ago. Operating income was $179,974,000 against $123,201,000 a year ago. Income from continuing operations before income taxes was $166,500,000 against $107,574,000 a year ago. Income from continuing operations was $120,541,000 or $2.16 per diluted share against $72,321,000 or $1.31 per diluted share a year ago. Net income was $118,370,000 or $2.12 per basic share against $270,527,000 or $4.92 per diluted share a year ago. Net cash provided by operating activities was $186,898,000 against $10,090,000 a year ago. Capital expenditures were $57,365,000 against $57,304,000 a year ago. Operating income as adjusted (non-GAAP) was $194,498,000 against $140,972,000 a year ago. Diluted income from continuing operations per share as adjusted (non-GAAP) was $2.34 against $1.83 a year ago. Sales were up 16% for the year with solid organic growth of 6% and a Männer acquisition contribution of 10%. For the full year of 2015, the company expects diluted income from continuing operations per share is to be $2.40 to $2.55. Diluted income from continuing operations per share as adjusted (non-GAAP) is to be $2.42 to $2.57. For 2015, the company expects total revenue growth of 3% to 6% after consideration of unfavorable foreign exchange, implying a range of $1.29 billion to $1.33 billion, which would be in line to below analyst projections of $1.33 billion. The company expects 2015 organic revenue growth of 6% to 9%. Operating margin outlook is in the range of 16% to 17%. For 2015, earnings are more heavily weighted towards the second half, approximately 55% with first quarter expected to reflect only a modest increase over last year's adjusted first quarter EPS of $0.50 per diluted share. CapEx outlook is in the range of $55 million to $60 million. 2015 expected tax rate is approximately 30%, primarily reflecting the expiration of certain tax holidays. That tax rate increase is a headwind of approximately $0.08 per share.

Barnes Seeks Acquisitions

Barnes Group Inc. (NYSE: B) reported its financial results for the fourth quarter and full year 2014 and also commented on outllok for 2015. "Enhanced investments in our businesses, and the smooth integration of recent acquisitions that brought innovative technologies to Barnes Group, have advanced our ability to deliver differentiated industrial technologies to market," said Christopher J. Stephens, Jr., Senior Vice President, Finance and Chief Financial Officer, Barnes Group Inc. "Our solid balance sheet and the strong cash flow expectation for 2015 position us favorably for further growth investments and acquisition opportunities that support our strategy."

Barnes Group Inc. Declares Quarterly Dividend, Payable March 10, 2015

The board of directors of Barnes Group Inc. has declared a quarterly cash dividend of $0.12 per share. The dividend will be payable March 10, 2015 to shareholders of record at the close of business on February 26, 2015.

 

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Industry Analysis

BG4

Industry Average

Valuation BG4 Industry Range
Price/Earnings 18.4x
Price/Sales 1.7x
Price/Book 1.9x
Price/Cash Flow 18.3x
TEV/Sales 1.3x
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