B Barnes Group Inc.
Barnes Group, Inc. engages in the provision of engineered products, industrial technologies, and solutions, serving a wide range of end markets and customers. It operates through the Industrial and Aerospace segments. The Industrial segment includes molding solutions; force and motion control; and automation and engineered components business units. The Aerospace segment consists of original equipment manufacturing (OEM) business, maintenance repair and overhaul (MRO) services, and the manufacture and delivery of aerospace aftermarket spare parts. The company was founded by Wallace Barnes in 1857 and is headquartered in Bristol, CT.
Company profile
Ticker
B
Exchange
Website
CEO
Patrick J. Dempsey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
60247840
B stock data
()
Calendar
28 Jul 20
7 Aug 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|
| Revenue | 235.54M | 330.67M | 370.17M | 372.59M | |
| Net income | 567K | 29.73M | 40.97M | 45.77M | |
| Diluted EPS | 0.01 | 0.58 | 0.8 | 0.89 | |
| Net profit margin | 0.24% | 8.99% | 11.07% | 12.28% | |
| Operating income | 10.12M | 49.31M | 61.26M | 67.59M | |
| Net change in cash | -38.59M | 19.02M | 13.34M | -14.4M | |
| Cash on hand | 74.24M | 112.83M | 93.81M | 80.47M | |
| Cost of revenue | 147.06M | 208.25M | 226.78M | 234.42M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.49B | 1.5B | 1.44B | 1.23B | |
| Net income | 158.35M | 166.19M | 59.42M | 135.6M | |
| Diluted EPS | 3.07 | 3.15 | 1.09 | 2.48 | |
| Net profit margin | 10.62% | 11.11% | 4.14% | 11.02% | |
| Operating income | 236.45M | 231.76M | 206.45M | 194.3M | |
| Net change in cash | -6.91M | -44.57M | 78.84M | -17.48M | |
| Cash on hand | 93.81M | 100.72M | 145.29M | 66.45M | |
| Cost of revenue | 944.15M | 963.52M | 943.78M | 788.73M |
Financial data from Barnes earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 16 Jul 20 | Beck Michael Andrew | Common Stock | Payment of exercise | Dispose F | No | 39.82 | 3,818 | 152.03K | 34,048 |
| 16 Jul 20 | Beck Michael Andrew | Common Stock | Grant | Aquire A | No | 0 | 8,239 | 0 | 37,866 |
| 16 Jul 20 | Acker Marian | Common Stock | Payment of exercise | Dispose F | No | 39.82 | 1,031 | 41.05K | 26,620.35 |
| 16 Jul 20 | Acker Marian | Common Stock | Grant | Aquire A | No | 0 | 2,230 | 0 | 27,651.35 |
| 16 Jul 20 | Dempsey Patrick | Common Stock | Payment of exercise | Dispose F | No | 39.82 | 34,442 | 1.37M | 399,895 |
| 16 Jul 20 | Dempsey Patrick | Common Stock | Grant | Aquire A | No | 0 | 74,323 | 0 | 434,337 |
| 16 Jul 20 | James C Pelletier | Common Stock | Payment of exercise | Dispose F | No | 39.82 | 358 | 14.26K | 6,461.88 |
| 16 Jul 20 | James C Pelletier | Common Stock | Grant | Aquire A | No | 0 | 908 | 0 | 6,819.88 |
| 16 Jul 20 | Edwards Dawn N | Common Stock | Payment of exercise | Dispose F | No | 39.82 | 2,436 | 97K | 73,397.72 |
| 16 Jul 20 | Edwards Dawn N | Common Stock | Grant | Aquire A | No | 0 | 5,492 | 0 | 75,833.72 |
Institutional ownership Q1 2020
86.9% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 180 |
| Opened positions | 15 |
| Closed positions | 37 |
| Increased positions | 67 |
| Reduced positions | 71 |
13F shares |
Current |
|---|---|
| Total value | 1.83B |
| Total shares | 43.93M |
| Total puts | 7.3K |
| Total calls | 46.3K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 7.02M | $293.77M |
| Vanguard | 5.06M | $211.63M |
| Wasatch Advisors | 4.81M | $201.32M |
| BAC Bank of America | 4.46M | $186.49M |
| Dimensional Fund Advisors | 3.04M | $127.18M |
| MCQEF Macquarie | 2.1M | $87.7M |
| Champlain Investment Partners | 1.94M | $81.17M |
| STT State Street | 1.52M | $63.62M |
| NTRS Northern Trust | 924.02K | $38.65M |
| BK Bank of New York Mellon | 696.28K | $29.12M |
Financial report summary
?Management Discussion
- The global COVID-19 pandemic began to impact sales during the first quarter of 2020. Beginning late in the first quarter, Industrial and Aerospace business units began to experience the negative impact on demand for certain products and services due to COVID-19's disruption of global manufacturing and consumer spending. The Company's global manufacturing of essential systems and components, in certain regions, operated at reduced levels during the first quarter. As described further below, the impacts of COVID-19 significantly increased during the second quarter of 2020. Manufacturing operations returned to normalized capacity in most regions during the second quarter, however customer orders and corresponding demand for product deteriorated further throughout the second quarter, impacting sales volumes accordingly. The current situation remains very dynamic, and therefore visibility of future operations remains challenged.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Bad
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New words:
distraction, explore, face, hand, leadership, lesser, overtime, pose, preliminary, saving, slowdown, unprecedented
Removed:
controlled, improvement, machined, obtained
Financial reports
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q
2020 Q1
Quarterly report
27 Apr 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
26 Apr 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
29 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
27 Apr 18
Current reports
8-K
Results of Operations and Financial Condition
28 Jul 20
8-K
Departure of Directors or Certain Officers
27 Jul 20
8-K
Barnes Group Inc. Announces About Barnes Group
6 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
11 May 20
8-K
Results of Operations and Financial Condition
24 Apr 20
8-K
Departure of Directors or Certain Officers
23 Apr 20
8-K
Regulation FD Disclosure
2 Apr 20
8-K
Results of Operations and Financial Condition
21 Feb 20
8-K
Departure of Directors or Certain Officers
18 Feb 20
8-K
Barnes Group Inc. Completes the Sale of Its Seeger-orbis Business to the Kajo Neukirchen Group
5 Feb 20
Registration and prospectus
S-8
Registration of securities for employees
30 Jul 15
S-8
Registration of securities for employees
16 May 14
S-8 POS
Registration of securities for employees (post-effective amendment)
14 Mar 14
S-8
Registration of securities for employees
23 Feb 12
S-3ASR
Automatic shelf registration
30 Jul 10
S-8
Registration of securities for employees
20 May 10
S-8
Registration of securities for employees
23 Oct 08
424B3
Prospectus supplement
28 May 08
S-8
Registration of securities for employees
8 May 08
424B3
Prospectus supplement
12 Mar 08
Proxies
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
23 Mar 18
DEFA14A
Additional proxy soliciting materials
23 Mar 18
DEFA14A
Additional proxy soliciting materials
31 Mar 17
DEF 14A
Definitive proxy
21 Mar 17
DEFA14A
Additional proxy soliciting materials
21 Mar 17
Other
SD
Conflict minerals disclosure
22 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
UPLOAD
Letter from SEC
18 May 16
CORRESP
Correspondence with SEC
10 May 16
UPLOAD
Letter from SEC
27 Apr 16
NO ACT
No action letter
13 Jan 16
SD
Conflict minerals disclosure
1 Jun 15
Ownership
4
BARNES / CHRISTOPHER J STEPHENS ownership change
20 Jul 20
4
BARNES / James C Pelletier ownership change
20 Jul 20
4
BARNES / DAWN N EDWARDS ownership change
20 Jul 20
4
BARNES / Patrick Dempsey ownership change
20 Jul 20
4
BARNES / Michael Andrew Beck ownership change
20 Jul 20
4
BARNES / MARIAN ACKER ownership change
20 Jul 20
4
BARNES / James C Pelletier ownership change
13 Jul 20
SC 13G
BARNES / WASATCH ADVISORS ownership change
1 Jul 20
4
BARNES / James C Pelletier ownership change
12 Jun 20
4
BARNES / MYLLE H MANGUM ownership change
12 Jun 20
Patents
GRANT
Utility
Hot runner injection nozzle and drive train
30 Jun 20
The present disclosure is directed to an injection nozzle for an injection molding device comprising a drive train for at least one closure element arranged movable in a nozzle head in a first direction.
GRANT
Utility
Edge metal system
30 Jun 20
A roof edging system that includes a base anchor, a fascia cover, and a compression system that is used to provide compression thereby, allowing the fascia cover to snap into place on the base anchor.
GRANT
Utility
Injection moulding device having a rotatable centre part
9 Jun 20
The invention relates to a retaining device for a rotatable center block in an injection molding device, comprising a lower rotary plate rotatable about an axis of rotation and driven by a motor, the lower rotary plate being used for retaining the rotatable center block.
GRANT
Utility
Actuator cooling apparatus and method
5 May 20
Inventors: Zhuang Rui Tan, Vito Galati
GRANT
Utility
Actuator cooling apparatus and method
28 Apr 20
Inventors: Zhuang Rui Tan, Vito Galati