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Last €33.56 EUR
Change Today -0.161 / -0.48%
Volume 0.0
BG4 On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:08 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

barnes group inc (BG4) Snapshot

Open
€33.81
Previous Close
€33.72
Day High
€33.81
Day Low
€33.56
52 Week High
04/14/15 - €38.80
52 Week Low
10/2/14 - €23.24
Market Cap
1.8B
Average Volume 10 Days
100.1
EPS TTM
--
Shares Outstanding
54.7M
EX-Date
08/25/15
P/E TM
--
Dividend
€0.48
Dividend Yield
1.17%
Current Stock Chart for BARNES GROUP INC (BG4)

barnes group inc (BG4) Related Businessweek News

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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.

4,500 Employees
Last Reported Date: 07/24/15
Founded in 1857

barnes group inc (BG4) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $768.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $461.0K
Senior Vice President and President of Barnes...
Total Annual Compensation: $375.0K
Senior Vice President and President of Barnes...
Total Annual Compensation: $336.8K
Senior Vice President of Human Resources and ...
Total Annual Compensation: $296.0K
Compensation as of Fiscal Year 2014.

barnes group inc (BG4) Key Developments

Barnes Group Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015

Barnes Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $314,941,000 against $322,074,000 a year ago. Operating income was $50,649,000 against $45,381,000 a year ago. Income before income taxes was $47,826,000 against $41,785,000 a year ago. Net income was $34,227,000 or $0.61 diluted per share against $30,228,000 or $0.54 diluted per share a year ago. Operating income as adjusted (Non-GAAP) was $51,279,000 against $49,564,000 a year ago. Net sales were down 2% from the second quarter of 2014 as positive organic growth of approximately 4% was more than offset by unfavorable foreign exchange of 6%. On an adjusted basis, net income was $0.62 diluted per share, up 5% from $0.59 diluted per share a year ago. Adjusted net income excludes $0.6 million pre-tax, or $0.01 per diluted share, of the last remaining Männer short-term purchase accounting adjustments. Second quarter 2014 adjusted net income excludes the impact of Männer short-term purchase accounting adjustments of $1.9 million pre-tax, or $0.02 per diluted share, and costs related to the closure of production operations at Associated Spring’s Saline, Michigan facility which were $2.3 million pre-tax, or $0.03 per diluted share. Cash generation continued to be strong, as second quarter cash provided by operating activities was $86 million versus $65 million a year ago. Free cash flow, which define as operating cash flow less capital expenditures, was $64 million versus $39 million last year. For the six months, the company reported net sales of $615,515,000 against $634,173,000 a year ago. Operating income was $94,544,000 against $80,506,000 a year ago. Income before income taxes was $88,920,000 against $73,356,000 a year ago. Net income was $63,303,000 or $1.14 diluted per share against $52,981,000 or $0.95 diluted per share a year ago. Net cash provided by operating activities was $85,911,000 against $64,913,000 a year ago. Capital expenditures were $22,376,000 against $25,802,000 a year ago. Free cash flow was $63,535,000 against $39,111,000 a year ago. Operating income as adjusted (Non-GAAP) was $96,025,000 against $92,340,000 a year ago. Diluted net income per share as adjusted (non-GAAP) was $1.16 against $1.10 a year ago. The company provided earnings guidance for the full year of 2015. The company’s GAAP earnings from continuing operations are now expected to be in the range of $2.43 to $2.53 per diluted share. Excluding $0.02 of the final Männer short-term purchase accounting adjustments recorded in 2015, adjusted diluted earnings per share from continuing operations is expected to be in the range of $2.45 to $2.55, up 5% to 9% from 2014’s adjusted diluted earnings per share of $2.34. Further, the company anticipates capital expenditures of approximately $55 million and cash conversion to approximate 100% of net income. For 2015, tax rate is expected to be between 28.5% to 29%, slightly lower than previous expectation.

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

The Board of Directors of Barnes Group Inc. has declared a quarterly cash dividend of twelve cents ($0.12) per share. The dividend will be payable September 10, 2015 to shareholders of record at the close of business on August 27, 2015.

Barnes Group Inc. to Report Q2, 2015 Results on Jul 24, 2015

Barnes Group Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 24, 2015

 

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Industry Analysis

BG4

Industry Average

Valuation BG4 Industry Range
Price/Earnings 15.8x
Price/Sales 1.6x
Price/Book 1.8x
Price/Cash Flow 15.8x
TEV/Sales 1.2x
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