Barnes Group Inc. is a global provider of highly engineered products, systems, and services for various industries including aerospace, transportation, and industrial manufacturing
The company operates through two primary segments: the Industrial segment, which offers precision components and industrial supplies, and the Aerospace segment, which focuses on manufacturing and supplying critical aircraft components and aftermarket services. Barnes Group is dedicated to innovation and quality, leveraging advanced technologies and materials to meet the evolving needs of its customers while maintaining a strong commitment to sustainability and operational excellence.
Barnes Group reported 3Q24 sales increase of 7% to $388M, beating consensus. Aerospace sales surged 49%, backlog up 19%. To be acquired by Apollo Global for $3.6B.
After a turbulent week in the markets, the bulls reclaimed dominance on Wall Street during Friday’s session, with indices and sectors trading in positive territory as investors welcomed the latest corporate earnings results and further confirmation of inflation progressing toward the Fed’s 2% target.
After the severe pounding the tech space received in the past three sessions, it might be rebound time. However, any recovery will largely hinge on whether key inflation data confirms the continued downward trajectory in pricing pressure. The major index futures are notably higher early Friday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Companies Reporting Before The Bell • Arbor Realty Trust (NYSEABR) is expected to report quarterly earnings at $0.44 per share on revenue of $97.65 million.
