Articles from Barnes Group Inc.

Barnes Group Inc. (NYSEB) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, and Apollo NYSE: APONYSEAPO)

Barnes Group Inc. (NYSEB) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company’s previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. NYSE: APONYSEAPO)

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the third quarter of 2024.

Barnes Group Inc. (NYSEB) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. NYSE: APONYSEAPO)

Barnes Group Inc. (NYSEB) today announced it will release third quarter 2024 financial results on Friday, October 25, 2024, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, announced today that Thomas J. Hook, President and Chief Executive Officer, will present to investors at the Jefferies Industrials Conference on September 5, 2024, at 11:35 a.m. ET.

Barnes Aerospace is pleased to announce a long-term agreement extension with MTU Aero Engines AG, through which it will provide a package of precision fabricated components valued at $33 million. Leveraging its existing manufacturing capabilities, Barnes Aerospace–Singapore OEM will produce mission-critical aero-engine components to be used in Pratt and Whitney’s A320neo / A220 and Gulfstream G500 / G600 engines. These applications require high-precision technologies in high volume.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the second quarter 2024.

Barnes Aerospace is pleased to announce that its Taoyuan, Taiwan site recently received MTU Maintenance Hannover GmbH’s Number One Supplier Award during a May 2024 supplier recognition ceremony held at the MTU Maintenance Hannover GmbH —Hannover facility.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 10, 2024, to shareholders of record at the close of business on August 22, 2024.

Barnes Group Inc. (NYSEB) today announced it will release second quarter 2024 financial results on Friday, July 26, 2024, before the market opens.

During the recent MRO Americas show in Chicago, Barnes Aerospace and RTX’s Pratt & Whitney Canada announced a significant milestone: a long-term extension of a repair services agreement. As industry leaders in aerospace aftermarket solutions, the companies are committed to partnering on the maintenance, repair, and overhaul of highly complex parts used in aero engine cases, rotating components, shrouds, and seals.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 10, 2024, to shareholders of record at the close of business on May 29, 2024.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter 2024.

Barnes Aerospace proudly announces the completion of its newly expanded Maintenance, Repair, and Overhaul (MRO) facility in East Granby, Connecticut. The project provides an additional 32,000 square feet of manufacturing space, bringing the facility total to more than 84,000 square feet. The facility specializes in highly complex repairs of cases, frames, diffusers, bearing housings, and major rotating hardware across a vast array of commercial and military engine platforms for the global aerospace industry and the Industrial Gas Turbine (IGT) market.

Barnes Group Inc. (NYSEB) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.

Barnes Group Inc. (NYSEB) today announced it will release first quarter 2024 financial results on Friday, April 26, 2024, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company’s corporate governance retirement policy, effective at the Company’s Annual Meeting of Stockholders in May 2024. Mr. Barnes will become Chairman Emeritus and continue to lead the Barnes Foundation following his retirement from the Board. The company also announced that the Board of Directors has selected Richard J. Hipple as Chair Elect, reflecting its intention to appoint Mr. Hipple Chair of the Board of Directors effective immediately after the 2024 Annual Meeting of Stockholders, subject to his re-election by the stockholders.

In the face of critical aerospace engine component repair capacity constraints within the aerospace industry, Barnes Aerospace is excited to announce that it has added a new component repair facility in Singapore. Barnes Aerospace’s component repair capacity to support customers’ needs in the region will increase, as does the facility footprint by approximately 50%.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the fourth quarter and full year 2023.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable March 8, 2024, to shareholders of record at the close of business on February 22, 2024.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that it has entered into a definitive agreement to sell its Associated Spring™ and Hänggi™ businesses to One Equity Partners. The transaction is valued at $175 million, inclusive of a $15 million seller promissory note due in 24 months. Expected net cash proceeds of $150 million will be used to reduce debt incurred from the strategic acquisition of MB Aerospace in August 2023. Barnes remains committed to achieving a Net Debt to EBITDA ratio, as defined in its credit agreements, of 3.0x or lower by the end of 2024 and reaffirms its long-term leverage goal of 2.5x by 2025.

Barnes Group Inc. (NYSEB) today announced it will release fourth quarter and full year 2023 financial results on Friday, February 16, 2024, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the third quarter 2023.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable December 8, 2023, to shareholders of record at the close of business on November 22, 2023.

Barnes Aerospace is pleased to announce significant milestones in partnering with Safran Aircraft Engines. The two businesses extended a long-term agreement for the repair and overhaul of components for the highly regarded LEAP and CFM engine programs. This agreement solidifies Barnes Aerospace's position as a key supplier in the aerospace industry and highlights its expertise in machining and assembly of complex engine components.

Barnes Group Inc. (NYSEB) today announced it will release third quarter 2023 financial results on Friday, October 27, 2023, before the market opens.

Barnes Group Inc. (NYSEB) today announced that it has completed its previously announced acquisition of MB Aerospace, a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the second quarter 2023.

Barnes Aerospace is pleased to announce an agreement to partner with Blue Raven Solutions. The two businesses entered a U.S. military Aftermarket distribution agreement for Barnes Aerospace products. This agreement helps Barnes Aerospace grow its U.S. military Aftermarket business through Blue Raven Solutions’ tech-enabled, scalable supply chain solutions across various platforms that support the warfighter, the nation, and commercial customers.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 8, 2023, to shareholders of record at the close of business on August 24, 2023.

Barnes Group Inc. (NYSEB) today announced it will release second quarter 2023 financial results on Friday, July 28, 2023, before the market opens.

Barnes Group Inc. (NYSEB) today announced that it has entered into a definitive agreement to acquire MB Aerospace (“MB”). MB Aerospace is a leading provider of precision aero-engine component manufacturing and repair services serving major aerospace and defense engine OEMs, Tier 1 suppliers, and MRO providers for an enterprise value of approximately $740 million. The transaction is expected to close in the fourth quarter of 2023, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 9, 2023, to shareholders of record at the close of business on May 25, 2023.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter 2023.

Barnes Group Inc. (NYSEB) today announced it will release first quarter 2023 financial results on Thursday, April 27, 2023, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the fourth quarter and full year 2022.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable March 10, 2023, to shareholders of record at the close of business on February 23, 2023.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Neal J. Keating to the Company’s Board of Directors, effective February 9, 2023. Mr. Keating has also been appointed to the Company’s Corporate Governance Committee.

Barnes Group Inc. (NYSEB) today announced it will release fourth quarter and full year 2022 financial results on Friday, February 17, 2023, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the third quarter of 2022.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable December 9, 2022 to shareholders of record at the close of business on November 22, 2022.

Barnes Group Inc. (NYSEB) today announced it will release third quarter 2022 financial results on Friday, October 28, 2022, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the second quarter of 2022.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned closure of production operations at its Engineered Components facility located in Bristol, Connecticut.

Barnes Aerospace, a business unit of Barnes Group Inc. (NYSEB), today announced the expansion of its Maintenance, Repair, and Overhaul (“MRO”) facility in East Granby, Connecticut. The East Granby MRO operation specializes in engine component repair for the global aviation industry. The Barnes Aerospace East Granby facility is a repair station certified by the U.S. Federal Aviation Administration, European Aviation Safety Agency, and the Civil Aviation Administration of China and services some of the world’s largest airline and aviation original equipment manufacturer customers.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 9, 2022 to shareholders of record at the close of business on August 25, 2022.

Barnes Group Inc. (NYSEB) (“Barnes” or “the Company”), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that in accordance with New York Stock Exchange rules and pursuant to the offer letter between the Company and Thomas J. Hook, the Company’s newly appointed President and Chief Executive Officer, dated June 18, 2022, the Company granted to Mr. Hook on July 14, 2022, an award of performance-vested stock options to purchase 1,183,406 shares of Barnes common stock at an exercise price of $30.32. The stock options have a ten-year term and cliff-vest in five years, subject to Mr. Hook’s continued service and the achievement of compound annual growth rates (“CAGRs”) in the price of the Company’s common shares above the option exercise price as of the fifth anniversary of the grant date, with 0% vesting at a CAGR of less than 5%, 33.3% vesting at a CAGR of 5%, 66.6% vesting at a CAGR of 7% and 100% vesting at a CAGR of 9% or greater, with linear interpolation between such CAGR levels. The stock options would be subject to full accelerated vesting in the event of certain qualifying involuntary terminations of Mr. Hook’s service, subject to his execution of a release of claims in favor of Barnes.

Barnes Group Inc. (NYSEB) today announced that it has become a Member of the Ellen MacArthur Foundation’s Network to help accelerate the transition to a circular economy. The Network brings together businesses, innovators, universities, and thought leaders to drive global systemic change.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that its Board of Directors has appointed Thomas J. Hook, (59), as President and Chief Executive Officer, effective as of July 14, 2022.

Barnes Group Inc. (NYSEB) today announced it will release second quarter 2022 financial results on Friday, July 29, 2022, before the market opens.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 10, 2022 to shareholders of record at the close of business on May 26, 2022.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter of 2022.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Ian M. Reason to the position of Senior Vice President, Barnes and President, Barnes Aerospace, effective May 2, 2022. Mr. Reason succeeds Michael A. Beck, who is retiring from the Company effective April 30, 2022.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that it has been named to Newsweek’s list of “America’s Most Trusted Companies 2022.” This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.

Barnes Group Inc. (NYSEB) today announced it will release first quarter 2022 financial results on Friday, April 29, 2022, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the fourth quarter and full year 2021.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable March 10, 2022 to shareholders of record at the close of business on February 24, 2022.

Barnes Group Inc. (NYSEB) will hold a virtual investor day today with presentations given by Patrick Dempsey, President and Chief Executive Officer, Julie Streich, Senior Vice President, Finance and Chief Financial Officer, and other senior executives. Management will present its growth strategy and capital allocation framework, as well as provide an in-depth review of its Industrial and Aerospace segments. In addition, the Company is introducing 2025 financial targets and updating its 2021 outlook.

Barnes (NYSEB) today announced a corporate rebrand and launch. The timing of our new corporate brand aligns with the significant transformation that is taking place across the organization. The new brand identity embodies the renewed sense of purpose, energy, and enthusiasm of all its employees, indicative of a company on the move. It marks another major milestone in the evolution of Barnes, as it continues to reinvent itself and is taking a fresh- and forward-looking approach to the market. With a clear goal of looking to achieve what’s possible, Barnes is focused on being a global technology-driven company ‒ one that embraces change, invests in innovation, and seeks out new challenges. The new brand identity comes at an important time as the organization leverages the Barnes Enterprise System to position itself for the future with the adoption of next-generation technology and continued global expansion.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that Michael A. Beck has notified the Company of his intention to retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the third quarter of 2021.

Barnes Aerospace, a business unit of Barnes Group Inc. (NYSEB), today announced that it has extended a long-term agreement with ITP Aero, a Rolls-Royce company (LON: RR), for the manufacture of components and assemblies for the Trent XWB engine program. Barnes Aerospace will continue to leverage its expertise and technology in the advanced metal forming, fabrication, and assembly of complex components.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable December 10, 2021 to shareholders of record at the close of business on November 23, 2021.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced that it will host a virtual investor day on Tuesday, December 14, 2021 at 8:30 a.m. (ET). Patrick Dempsey, President and Chief Executive Officer, Julie Streich, Senior Vice President, Finance and Chief Financial Officer, and other members of Barnes Group executive management will present the Company’s long-term growth strategies, business and financial outlook, capital allocation priorities, and plans to drive long-term shareholder value. The presentations, including two question and answer sessions, are expected to conclude at approximately 12:00 p.m. (ET).

Barnes Group Inc. (NYSEB) today announced it will release third quarter 2021 financial results on Friday, October 29, 2021, before the market opens.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the second quarter of 2021.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable September 10, 2021 to shareholders of record at the close of business on August 26, 2021.

Barnes Group Inc. (NYSEB) today announced the appointment of Jakki L. Haussler to the Company’s Board of Directors, effective July 15, 2021. Ms. Haussler will stand for election by the Company’s stockholders at the 2022 Annual Meeting of Stockholders. Ms. Haussler has been appointed to the Company’s Compensation and Management Development Committee.

Barnes Group Inc. (NYSEB) today announced it will release second quarter 2021 financial results on Friday, July 30, 2021, before the market opens.

The Board of Directors of Barnes Group Inc. (NYSEB) has declared a quarterly cash dividend of sixteen cents ($0.16) per share. The dividend will be payable June 10, 2021 to shareholders of record at the close of business on May 27, 2021.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter of 2021.

Barnes Group Inc. (NYSEB), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the appointment of Julie K. Streich to the position of Senior Vice President, Finance and Chief Financial Officer, effective May 3, 2021.

Barnes Aerospace, a business unit of Barnes Group Inc. (NYSEB), today announced that it was awarded a multi-year contract by Northrop Grumman to produce major metallic subassembly for the B-2 Spirit Stealth Bomber Tailpipe Mid/Aft Assembly Full Fleet Replacement Program. The assemblies will be manufactured in Barnes Aerospace’s Ogden, Utah facility which has deep expertise in precision exotic metal forming and complex assemblies. Barnes Aerospace has a long-term relationship with Northrop Grumman on difficult to manufacture, complex products.