Barrick Mining Corporation Stock Price, News & Analysis

Barnes Group Inc. (NYSE: B) has appointed Ian M. Reason as the new Senior Vice President and President of Barnes Aerospace, effective May 2, 2022. He succeeds Michael A. Beck, who retires on April 30, 2022. Reason's extensive experience in the aerospace industry is expected to drive profitable growth and enhance productivity through automation and digitalization. Previously, he held senior roles at Triumph Group and BAE Systems, emphasizing his capability in leading business strategy and operations within the aerospace sector.

Ouster (NYSE: OUST) and Tacticaware, a Hexagon (Nasdaq Stockholm: HEXA B) company, announced the launch of Ouster x Accur8vision, a joint security solution targeting the multibillion physical security market. This solution integrates Ouster's 3D digital lidar technology with Hexagon's security software to enhance monitoring capabilities across diverse environments, including airports and commercial properties. The new system aims to reduce false alarms and improve security accuracy, positioning Ouster to capitalize on a market projected to reach $153 billion by 2023.

Barnes Group Inc. (NYSE: B) will release its first quarter 2022 financial results on April 29, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day to discuss the results and future outlook. The public can access the call via a live audio webcast on the company's Investor Relations website or by phone. The recorded call will be available for playback from 12:00 p.m. ET on April 29 until May 6, 2022. More information is available on their official website.

Barnes Group Inc. (NYSE: B) announces that President and CEO Patrick J. Dempsey is taking a temporary leave of absence starting March 8, 2022, to address health matters within his family. During this period, Julie K. Streich, Senior VP and CFO, will serve as Interim CEO while maintaining her current responsibilities. The Board of Directors expresses full support for Dempsey's decision, assuring stakeholders of the leadership team's capability to manage the company's strategic operations effectively.

Edwards, a leader in semiconductor supply, is investing in a new 200,000-square-foot manufacturing facility in Chandler, Arizona. This facility will utilize advanced technologies to support the growing semiconductor market, creating approximately 200 jobs locally. With construction underway, the site will begin operations in Q3, focusing on the remanufacturing and assembly of vacuum pump equipment essential for semiconductor fabrication. This investment underlines Edwards' commitment to sustainable practices and enhancing supply chain capacity in North America.

Barnes Group Inc. (NYSE: B) reported strong financial growth for Q4 and the full year of 2021. Q4 sales reached $311 million, an 8% increase year-over-year, with organic sales up 9%. Adjusted EPS for Q4 was $0.55, up 53%. For the full year, sales totaled $1,259 million, a 12% rise, with adjusted EPS of $1.94, up 18%. The company anticipates organic sales growth of 8-10% for 2022 and adjusted EPS ranging from $2.20 to $2.45. Despite challenges in supply chains and inflation, Barnes' aerospace segment showed strong recovery, driving profitability.

Barnes Group Inc. (NYSE: B) has declared a quarterly cash dividend of $0.16 per share, payable on March 10, 2022, to shareholders who are on record as of February 24, 2022. The company has maintained uninterrupted dividend payments since 1934, showcasing its commitment to returning value to shareholders. This dividend declaration reflects the company’s stability and financial health in delivering continuous income to its investors.

Civil contractors are optimistic about the construction economy in 2022, with 73% confident in finding work. Around 50% expect revenue and profit margins to increase. However, a skilled worker shortage is a significant concern; 72% anticipate difficulties hiring skilled labor, and 89% expect labor costs to rise. 54% report scheduling issues, and 53% struggle with budget constraints due to rising labor costs. The Infrastructure Investment and Jobs Act may exacerbate these challenges.