Craft

Barnes Group

Stock Price

$34.5

2024-04-27

Market Capitalization

$1.7 B

2024-04-27

Revenue

$1.5 B

FY, 2023

Barnes Group Summary

Company Summary

Overview
Barnes Group is a company that provides specialized products and services for aerospace, transportation, manufacturing, automation, healthcare, and packaging applications. It operates through two segments: Industrial and Aerospace. The Industrial segment included the Molding Solutions, Force and Motion Control, Automation, and Engineered Components business units. The Molding Solutions business designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies. The Force and Motion Control business provides force and motion control solutions for metal forming markets. The Automation business designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other components for intelligent robotic handling solutions and industrial automation applications. The Engineered Components business manufactures and supplies precision mechanical products for transportation and industrial applications, including mechanical springs and punched and fine-blanked components. The Aerospace segment includes the Original Equipment Manufacturing business and the Aftermarket business. The Original Equipment Manufacturing business offers engines, airframes, and nacelles. The Aftermarket business specializes in maintenance, repair, and overhaul capabilities.
Type
Public
Status
Active
Founded
1857
HQ
Bristol, CT, US | view all locations
Website
https://www.onebarnes.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Thomas J. Hook

    Thomas J. Hook, President, Chief Executive Officer, and Director

  • Julie K. Streich

    Julie K. Streich, Senior Vice President, Finance and CFO

  • Jay B. Knoll

    Jay B. Knoll, Senior Vice President, General Counsel, and Secretary

  • Ian Reason

    Ian Reason, Senior Vice President, Barnes and President, Barnes Aerospace

Operating MetricsView all

Backlog (Aerospace OEM)

$1.3B
71.6%

Q3, 2023

Manufacturing Facilities Owned (Europe)

9
12.5%

FY, 2022

Manufacturing Facilities Owned (Central and Latin America)

2

FY, 2022

LocationsView all

15 locations detected

  • Bristol, CT HQ

    United States

    123 Main St

  • East Granby, CT

    United States

    7 Connecticut S Dr

  • Lansing, MI

    United States

    5300 N Aurelius Rd

  • Ogden, UT

    United States

    1025 Depot Dr

  • Phoenix, AZ

    United States

    3201 E Broadway Rd

  • West Chester, OH

    United States

    9826 Crescent Park Dr

and 9 others

Barnes Group Financials

Summary Financials

Revenue (Q1, 2024)
$430.6M
Gross profit (Q1, 2024)
$130.5M
Net income (Q1, 2024)
$1.9M
Cash (Q1, 2024)
$81.6M
EBIT (Q1, 2024)
$39.7M
Enterprise value
$3.0B

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