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BARNES GROUP INC.

(B)
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Michael A. Beck Announces Plans to Retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace - Form 8-K

11/12/2021 | 08:15am EST
Michael A. Beck Announces Plans to Retire as Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace

BRISTOL, Conn., November 11, 2021 - Barnes Group Inc. (NYSE: B), 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.

Following five years of contributing to the success of the Company's Aerospace segment, Mike has indicated his desire to retire and spend more time with family. He will continue to serve in his current capacity and support a smooth transition through April 2022.

"We thank Mike for his dedicated service and significant contributions to our long-term profitable growth strategy," said Patrick J. Dempsey, President and Chief Executive Officer, Barnes Group Inc. "Throughout his extensive career in the Aerospace industry, Mike has built high performance teams and delivered solid operating results. As a member of the Company's senior leadership team, his Barnes Group tenure is marked by the same achievements. We will miss Mike's leadership and wish him well in his retirement."

About Barnes Group
Barnes Group Inc. (NYSE: B) is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications including aerospace, transportation, manufacturing, automation, healthcare, and packaging. The skilled and dedicated employees of Barnes Group around the globe are committed to the highest performance standards and achieving consistent, sustainable profitable growth. Barnes Group is committed to corporate accountability and furthering environmental, social and governance principles as evidenced by our listing as one ofAmerica's Most Responsible Companies by Newsweek. For more information, visitwww.BGInc.com.

Contact:
Barnes Group Inc.
William Pitts
Director, Investor Relations
860.583.7070
# # #


Disclaimer

Barnes Group Inc. published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 13:12:11 UTC.


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Financials (USD)
Sales 2021 1 261 M - -
Net income 2021 95,4 M - -
Net Debt 2021 540 M - -
P/E ratio 2021 24,1x
Yield 2021 1,31%
Capitalization 2 274 M 2 274 M -
EV / Sales 2021 2,23x
EV / Sales 2022 1,99x
Nbr of Employees 4 952
Free-Float -
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Barnes Group Inc. Technical Analysis Chart | B | US0678061096 | MarketScreener
Technical analysis trends BARNES GROUP INC.
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 44,91 $
Average target price 52,75 $
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Patrick J. Dempsey Vice President
Julie Streich Chief Financial Officer & Senior Vice President
Thomas O. Barnes Chairman
Patrick Hurley Chief Technology Officer & Senior Vice President
Mylle H. Mangum Independent Director
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