Welcome to our dedicated page for Barnes Group news (Ticker: B), a resource for investors and traders seeking the latest updates and insights on Barnes Group stock.
Barnes Group Inc. (NYSE: B) is a leading international industrial and aerospace manufacturer and service provider, serving a wide array of markets and customers. The company’s highly engineered products, industrial technologies, and innovative solutions are essential in transportation, manufacturing, healthcare, and technology sectors worldwide.
With approximately 4,700 employees across more than 60 locations on four continents, Barnes Group upholds its long tradition of excellence in precision manufacturing and logistics solutions. The company operates under two main segments: Industrial and Aerospace.
The Industrial segment focuses on manufacturing precision parts and systems for critical applications in transportation, industrial equipment, and consumer products. The Aerospace segment provides machined components and assemblies for OEM turbine engines, airframes, industrial gas turbines, and military applications. Barnes Group’s products are integral to the performance and reliability of these critical systems.
In recent years, Barnes Group has invested significantly in leading-edge technologies to enhance its capabilities and explore breakthrough markets. This forward-thinking approach ensures the company remains at the forefront of innovation, meeting the evolving needs of its diverse customer base.
Barnes Group’s financial health is robust, underscored by strategic partnerships and consistent performance. The company's commitment to sustainable growth and operational excellence is evident in its dedication to quality and customer satisfaction.
For the latest updates and news, stay tuned to Barnes Group Inc.’s announcements and developments, which reflect its dynamic presence in the global market.
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GelSight and Hexagon have entered into a global partnership agreement to promote and sell GelSight’s tactile sensing products and future integrated products to the market. The partnership will accelerate the time to market for future products that offer more complete solutions to manufacturing issues. Hexagon’s metrology technologies will complement GelSight’s digital touch technology, offering unique solutions for manufacturing and surface inspection challenges. The partnership also unlocks new applications that digitize manual inspection processes. GelSight CEO will be featured as a speaker at Hexagon’s Sixth Sense event to share about the powerful partnership.
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ETQ, part of Hexagon, achieved significant growth in Q4 2023, expanding its customer base globally. New partnerships with Augmentir and Infor strengthen its connected worker strategy. The company was recognized with industry awards and participated in major industry events, showcasing its leading cloud-native solution, ETQ Reliance® NXG.
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Integrum (INTEG) announces the sale of OPRA Implant Systems worth SEK 3.5 million to the Center of Excellence in Kyiv, Ukraine, following the successful establishment of the center in December 2023. The company has trained and certified two senior surgeons to perform surgeries on amputees using the innovative implant system. The purchase aims to ensure continuous access to the OPRA Implant System. The disclosure contains information pursuant to the EU Market Abuse Regulation. The CEO, Rickard Brånemark, highlighted the urgent need for amputee care in Ukraine, especially following the Russian invasion. The company's implant system, which attaches directly to the skeleton, provides the best care for many amputees. The PR also includes contact information for more details and the Certified Adviser for Integrum. The press release can be found at the link provided.
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Barnes Group Inc. (NYSE: B) has entered into a definitive agreement to sell its Associated Spring™ and Hänggi™ businesses to One Equity Partners for $175 million, aiming to reduce debt incurred from the strategic acquisition of MB Aerospace in August 2023. The expected net cash proceeds of $150 million will help achieve a Net Debt to EBITDA ratio of 3.0x or lower by the end of 2024. The divestiture reflects a leap forward in rationalizing the Industrial business and rebalancing the portfolio toward the Aerospace business, positioning Barnes for success.
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BioArctic AB (Nasdaq Stockholm: BIOA B) partner Eisai's Scientific Advisory Group (SAG) to discuss lecanemab's Marketing Authorisation Application (MAA) with the European Medicines Agency (EMA) in Q1 2024. Eisai expects European Commission's decision in Q2 2024.
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BioArctic AB's (Nasdaq Stockholm: BIOA B) partner Eisai announced that Leqembi has been approved in China as a treatment for mild cognitive impairment and mild AD dementia due to Alzheimer's disease. Leqembi is the first approved treatment shown to reduce the rate of disease progression and slow cognitive and functional decline. The drug is based on the large global Phase 3 Clarity AD study, where it met its primary endpoint and all key secondary endpoints with statistically significant results. Eisai estimates that there are 17 million patients with MCI or mild dementia due to AD in China today, which is expected to increase with the aging of the population. BioArctic has a long-term collaboration with Eisai regarding the development and commercialization for Leqembi. Eisai is responsible for the clinical development, applications for market approval, and commercialization of the drug. BioArctic has no development costs for Leqembi in Alzheimer's disease and is entitled to payments in connection with certain regulatory approvals, and sales milestones as well as royalties on global sales.
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ARound (NASDAQ: STGW) collaborates with Immersal to develop a turn-key WebAR solution for stadium AR, aiming to enhance fan engagement and create new avenues for brands to connect with audiences. The partnership marks a significant milestone in bringing innovative AR experiences to live sports and entertainment, with plans to announce their inaugural collaboration with a major sports league next month.
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Integrum (Nasdaq First North Growth Market: INTEG B) establishes a Center of Excellence in Kyiv to spearhead orthopedic treatment using OPRA™ Implant System for individuals who have suffered limb loss, addressing the increased need for amputee care in Ukraine following the Russian invasion.
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Barnes Group Inc. (NYSE: B) will release its Q4 and full year 2023 financial results on February 16, 2024, before the market opens. A conference call to discuss the results and the Company’s outlook will also be hosted at 8:30 a.m. (ET) on that day. The public can access the conference through a live audio webcast on the Investor Relations section of the Barnes website. Supplemental materials will be posted prior to the call, and a recorded playback will be available until February 23, 2024.
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BioArctic AB's (Nasdaq Stockholm: BIOA B) partner Eisai announced the launch of LEQEMBI in Japan on December 20, following its inclusion in the price listing on the Japan National Health Insurance drug price list. The product obtained approval for the indication of slowing progression of mild cognitive impairment and mild dementia due to Alzheimer's disease in Japan on September 25, 2023. LEQEMBI selectively binds to soluble and insoluble amyloid-beta aggregates, reducing Aβ protofibrils and plaques in the brain. The launch in Japan makes it the second country to have the product on the market, following the U.S.
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FAQ
What does Barnes Group Inc. specialize in?
Barnes Group Inc. specializes in manufacturing highly engineered products and providing industrial technologies and innovative solutions across transportation, manufacturing, healthcare, and technology sectors.
How is Barnes Group Inc. structured?
Barnes Group Inc. operates under two main segments: Industrial, which focuses on precision parts for transportation and industrial applications, and Aerospace, which provides components and assemblies for turbine engines and airframes.
Where are Barnes Group Inc.'s operations located?
Barnes Group Inc. operates in more than 60 locations worldwide, spanning four continents.
How many employees does Barnes Group Inc. have?
Barnes Group Inc. employs approximately 4,700 dedicated professionals.
What are the key markets served by Barnes Group Inc.?
Barnes Group Inc. serves key markets including transportation, industrial equipment, consumer products, and aerospace.
What are some recent achievements of Barnes Group Inc.?
Barnes Group Inc. has made significant investments in leading-edge technologies and breakthrough markets, enhancing its capabilities and maintaining its leadership in precision manufacturing and logistics solutions.
What makes Barnes Group Inc. products unique?
Barnes Group Inc.'s products are highly engineered and critical to the performance and reliability of systems in transportation, industrial equipment, and aerospace applications.
How does Barnes Group Inc. ensure quality and customer satisfaction?
Barnes Group Inc. is committed to sustainable growth, operational excellence, and continuous investment in technology to meet and exceed customer expectations.
Who are the typical customers of Barnes Group Inc.?
Barnes Group Inc. serves a wide range of customers in sectors such as transportation, industrial equipment, medical and personal care, mobility, and packaging.
What are the future plans of Barnes Group Inc.?
Barnes Group Inc. aims to continue building on its tradition of excellence in precision manufacturing and expand into new markets through continuous innovation and strategic investments.
Barnes Group Inc.
Nasdaq:B
B Stock Data
2.09B
50.70M
9.19%
92.16%
2.38%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
United States of America
BRISTOL