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B Barnes

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.

B stock data

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Calendar

22 Feb 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Financial data from Barnes earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 91.47M 91.47M 91.47M 91.47M 91.47M 91.47M
Cash burn (monthly) (positive/no burn) 194.75K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 728.75K n/a n/a n/a n/a
Cash remaining n/a 90.74M n/a n/a n/a n/a
Runway (months of cash) n/a 465.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Mar 21 Mangum Mylle H Common Stock Buy Aquire P No No 55.4105 38.201 2.12K 25,114.581
1 Mar 21 Lukas Hovorka Common Stock Grant Aquire A No No 0 2,000 0 28,898
1 Mar 21 Lukas Hovorka Employee Stock Option-Right to Buy Common Stock Grant Aquire A No No 53.49 5,800 310.24K 5,800
24 Feb 21 Barnes Thomas O Common Stock Gift Dispose G Yes No 0 8,350 0 54,053
12 Feb 21 Elijah Kent Barnes Common Stock Grant Aquire A No No 0 2,004 0 39,309.65

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

14.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2 183 -98.9%
Opened positions 0 21 EXIT
Closed positions 181 29 +524.1%
Increased positions 0 53 EXIT
Reduced positions 2 74 -97.3%
13F shares
Current Prev Q Change
Total value 361.73M 1.55B -76.7%
Total shares 7.14M 43.38M -83.5%
Total puts 0 13.2K EXIT
Total calls 0 0
Total put/call ratio Infinity
Largest owners
Shares Value Change
BAC Bank Of America 4.09M $207.27M -2.9%
Dimensional Fund Advisors 3.05M $154.47M -1.0%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 0 -6.76M EXIT
Vanguard 0 -4.7M EXIT
Wasatch Advisors 0 -4.67M EXIT
Champlain Investment Partners 0 -2.64M EXIT
MCQEF Macquarie 0 -2.28M EXIT
STT State Street 0 -1.47M EXIT
NTRS Northern Trust 0 -895.53K EXIT
Geode Capital Management 0 -669.12K EXIT
Geneva Capital Management 0 -663.43K EXIT
Victory Capital Management 0 -627.87K EXIT

Financial report summary

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Competition
Chegg
Management Discussion
  • 2020 vs. 2019:
  • COVID-19 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, 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, however both segments reflected sequential sales improvements in the third and fourth quarters of 2020. Customer orders and corresponding demand for certain product, although sequentially improving during the second half of 2020, remained soft relative to the prior year period, impacting sales volumes accordingly.
  • The Company reported net sales of $1,124.4 million in 2020, a decrease of $366.7 million, or 24.6%, from 2019. Organic sales decreased by $325.6 million, including decreases of $127.3 million and $198.3 million at Industrial and Aerospace, respectively. Sales at Industrial and Aerospace reflected sequential improvements of 19.3% and 2.3%, respectively, in the third quarter of 2020, as compared with the second quarter of 2020, followed by sequential improvements of 6.2% and 10.9%, respectively, in the fourth quarter of 2020, as compared with the third quarter of 2020. The year-over-year decrease at Industrial was driven by organic sales declines across the Industrial business units, driven primarily by the impact of COVID-19. The Automation business was organically flat relative to the 2019 period. Automotive end markets remained soft relative to the prior year period, reflecting the impacts of both COVID-19 and broader global economic uncertainty, although these end markets saw the most sequential improvement during the second half of 2020 as automotive production improved throughout the year. Potential changes in regulatory requirements related to personal care and packaging markets continued to impact Industrial sales, although orders within both markets improved in the second half of 2020 versus a year ago, reflecting a release of previously deferred projects by customers. An increase in volumes within medical end-markets also benefited sales. The Company completed the sale of its Seeger business on February 1, 2020, reducing sales by $51.2 million during the 2020 period. The sales decrease at Aerospace relative to the 2019 period was driven by declines in sales within both the OEM and Aftermarket businesses, resulting primarily from a global slowdown in aerospace markets driven by COVID-19, and more specifically a resultant decline in aircraft utilization and the removal of aircraft from service by certain airlines. See additional discussion related to the anticipated financial impacts of COVID-19 within the segment outlooks below. See discussion related to COVID-19's risk on the Company's Consolidated Financial Statements within "Part I - Item 1A - Risk Factors." The weakening of the U.S. dollar against foreign currencies increased net sales within the Industrial segment by approximately $10.2 million. The Company's international sales decreased by 25.2% year-over-year while domestic sales decreased by 23.6%. Excluding the impact of foreign currency translation on sales, however, the Company's international sales in 2020 decreased by 26.4% from 2019.
Content analysis
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