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As Of Filer Filing For·On·As Docs:Size 7/29/22 Barnes Group Inc. 10-Q 6/30/22 70:9.7M |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 1.80M 2: EX-15 Letter Regarding Unaudited Interim Financial HTML 20K Information. 3: EX-31.1 Certification Pursuant to Section 302 of the HTML 24K Sarbanes-Oxley Act of 2002 4: EX-31.2 Certification Pursuant to Section 302 of the HTML 24K Sarbanes-Oxley Act of 2002 5: EX-32 Certification Pursuant to 18 U.S.C. Section 1350 HTML 21K as Adopted 11: R1 Cover Page HTML 72K 12: R2 Consolidated Statements of (Loss) Income HTML 86K 13: R3 Consolidated Statements of Comprehensive Income HTML 51K 14: R4 Consolidated Statements of Commprehensive Income HTML 28K (Parenthetical) 15: R5 Consolidated Balance Sheets HTML 126K 16: R6 Consolidated Balance Sheets (Parenthetical) HTML 30K 17: R7 Consolidated Statements of Cash Flows HTML 116K 18: R8 Basis of Presentation HTML 22K 19: R9 Recent Accounting Standards HTML 36K 20: R10 Revenue HTML 131K 21: R11 Stockholders Equity HTML 127K 22: R12 Net Income Per Common Share HTML 25K 23: R13 Inventories HTML 27K 24: R14 Goodwill and Other Intangible Assets HTML 63K 25: R15 Debt HTML 55K 26: R16 Derivatives HTML 28K 27: R17 Fair Value Measurements HTML 52K 28: R18 Pension and Other Postretirement Benefits HTML 58K 29: R19 Income Taxes HTML 25K 30: R20 Changes in Accumulated Other Comprehensive Income HTML 92K (Loss) by Component 31: R21 Information on Business Segments HTML 62K 32: R22 Commitments and Contingencies HTML 24K 33: R23 Business Reorganization HTML 26K 34: R24 Subsequent Event HTML 22K 35: R25 Recent Accounting Standards (Policies) HTML 29K 36: R26 Revenue (Tables) HTML 120K 37: R27 Stockholders Equity (Tables) HTML 123K 38: R28 Inventories (Tables) HTML 28K 39: R29 Goodwill and Other Intangible Assets (Tables) HTML 63K 40: R30 Debt (Tables) HTML 38K 41: R31 Fair Value Measurements (Tables) HTML 49K 42: R32 Pension and Other Postretirement Benefits (Tables) HTML 55K 43: R33 Changes in Accumulated Other Comprehensive Income HTML 93K (Loss) by Component (Tables) 44: R34 Information on Business Segments (Tables) HTML 56K 45: R35 Business Reorganization (Tables) HTML 24K 46: R36 Revenue - Revenue by Category (Details) HTML 84K 47: R37 Revenue - Contract Balances (Details) HTML 43K 48: R38 Revenue - Remaining Performance Obligations HTML 32K (Details) 49: R39 Stockholders Equity (Details) HTML 69K 50: R40 Net Income Per Common Share (Details) HTML 74K 51: R41 Inventories (Details) HTML 29K 52: R42 Goodwill and Other Intangible Assets (Details) HTML 104K 53: R43 Debt - Debt Schedule (Details) HTML 52K 54: R44 Debt - Narrative (Details) HTML 167K 55: R45 Derivatives - Narrative (Details) HTML 43K 56: R46 Fair Value Measurements (Details) HTML 46K 57: R47 Pension and Other Postretirement Benefits HTML 47K (Details) 58: R48 Income Taxes (Details) HTML 28K 59: R49 Changes in Accumulated Other Comprehensive Income HTML 51K (Loss) by Component - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) 60: R50 Changes in Accumulated Other Comprehensive Income HTML 64K (Loss) by Component - Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (Details) 61: R51 Information on Business Segments (Details) HTML 52K 62: R52 Information on Business Segments Details 1 HTML 35K (Details) 63: R53 Business Reorganization - Narrative (Details) HTML 28K 64: R54 Business Reorganization - Change in Liability for HTML 24K Business Reorganization (Details) 65: R55 Subsequent Event (Details) HTML 43K 68: XML IDEA XML File -- Filing Summary XML 122K 66: XML XBRL Instance -- b-20220630_htm XML 2.55M 67: EXCEL IDEA Workbook of Financial Reports XLSX 132K 7: EX-101.CAL XBRL Calculations -- b-20220630_cal XML 158K 8: EX-101.DEF XBRL Definitions -- b-20220630_def XML 525K 9: EX-101.LAB XBRL Labels -- b-20220630_lab XML 1.41M 10: EX-101.PRE XBRL Presentations -- b-20220630_pre XML 770K 6: EX-101.SCH XBRL Schema -- b-20220630 XSD 140K 69: JSON XBRL Instance as JSON Data -- MetaLinks 384± 558K 70: ZIP XBRL Zipped Folder -- 0000009984-22-000130-xbrl Zip 1.11M
b-20220630 |
i ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i Delaware | i 06-0247840 | |||||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
i 123 Main Street | ||||||||||||||
i Bristol | ||||||||||||||
i Connecticut | i 06010 | |||||||||||||
(Address of Principal Executive Offices) | (Zip Code) |
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
i Common Stock, par value $0.01 per share | i B | i New York Stock Exchange |
i Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
Non-accelerated filer | ☐ | Smaller reporting company | i ☐ | ||||||||
Emerging growth company | i ☐ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). | Yes | i ☐ | No | ☒ |
Page | ||||||||
Part I. | FINANCIAL INFORMATION | |||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Part II. | OTHER INFORMATION | |||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 6. | ||||||||
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net sales | $ | i 321,268 | $ | i 321,158 | $ | i 633,651 | $ | i 622,787 | |||||||||||||||
Cost of sales | i 212,754 | i 203,168 | i 419,944 | i 397,864 | |||||||||||||||||||
Selling and administrative expenses | i 68,507 | i 79,447 | i 142,587 | i 154,000 | |||||||||||||||||||
Goodwill impairment charge | i 68,194 | i — | i 68,194 | i — | |||||||||||||||||||
i 349,455 | i 282,615 | i 630,725 | i 551,864 | ||||||||||||||||||||
Operating (loss) income | ( i 28,187) | i 38,543 | i 2,926 | i 70,923 | |||||||||||||||||||
Interest expense | i 3,325 | i 4,475 | i 6,893 | i 8,416 | |||||||||||||||||||
Other expense (income), net | ( i 403) | i 1,272 | i 1,226 | i 2,734 | |||||||||||||||||||
(Loss) income before income taxes | ( i 31,109) | i 32,796 | ( i 5,193) | i 59,773 | |||||||||||||||||||
Income taxes | i 8,443 | i 8,305 | i 13,875 | i 15,900 | |||||||||||||||||||
Net (loss) income | $ | ( i 39,552) | $ | i 24,491 | $ | ( i 19,068) | $ | i 43,873 | |||||||||||||||
Per common share: | |||||||||||||||||||||||
Basic | $ | ( i 0.78) | $ | i 0.48 | $ | ( i 0.37) | $ | i 0.86 | |||||||||||||||
Diluted | ( i 0.78) | i 0.48 | ( i 0.37) | i 0.86 | |||||||||||||||||||
Weighted average common shares outstanding: | |||||||||||||||||||||||
Basic | i 51,004,375 | i 50,933,222 | i 51,013,346 | i 50,933,373 | |||||||||||||||||||
Diluted | i 51,004,375 | i 51,102,303 | i 51,013,346 | i 51,095,198 |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net (loss) income | $ | ( i 39,552) | $ | i 24,491 | $ | ( i 19,068) | $ | i 43,873 | |||||||||||||||
Other comprehensive (loss) income, net of tax | |||||||||||||||||||||||
Unrealized (loss) gain on hedging activities, net of tax (1) | ( i 116) | i 102 | i 3,402 | ( i 550) | |||||||||||||||||||
Foreign
currency translation adjustments, net of tax (2) | ( i 73,193) | i 21,596 | ( i 81,805) | ( i 26,286) | |||||||||||||||||||
Defined
benefit pension and other postretirement benefits, net of tax (3) | i 3,347 | i 2,893 | i 5,851 | i 6,525 | |||||||||||||||||||
Total other comprehensive (loss) income, net of tax | ( i 69,962) | i 24,591 | ( i 72,552) | ( i 20,311) | |||||||||||||||||||
Total comprehensive (loss) income | $ | ( i 109,514) | $ | i 49,082 | $ | ( i 91,620) | $ | i 23,562 | |||||||||||||||
June 30, 2022 | December 31, 2021 | ||||||||||
Assets | |||||||||||
Current assets | |||||||||||
Cash and cash equivalents | $ | i 72,278 | $ | i 102,860 | |||||||
Accounts
receivable, less allowances (2022 - $ i 5,726; 2021 - $ i 5,625) | i 281,773 | i 262,257 | |||||||||
Inventories | i 260,633 | i 239,655 | |||||||||
Prepaid expenses and other current assets | i 75,739 | i 75,437 | |||||||||
Total current assets | i 690,423 | i 680,209 | |||||||||
Deferred income taxes | i 18,682 | i 21,976 | |||||||||
Property, plant and equipment | i 890,966 | i 904,895 | |||||||||
Less accumulated depreciation | ( i 570,792) | ( i 563,433) | |||||||||
i 320,174 | i 341,462 | ||||||||||
Goodwill | i 827,131 | i 955,370 | |||||||||
Other intangible assets, net | i 461,161 | i 500,246 | |||||||||
Other assets | i 83,525 | i 77,557 | |||||||||
Total assets | $ | i 2,401,096 | $ | i 2,576,820 | |||||||
Liabilities and Stockholders' Equity | |||||||||||
Current liabilities | |||||||||||
Notes and overdrafts payable | $ | i 4 | $ | i 1,900 | |||||||
Accounts payable | i 137,561 | i 131,076 | |||||||||
Accrued liabilities | i 145,795 | i 175,583 | |||||||||
Long-term debt - current | i 1,502 | i 1,835 | |||||||||
Total current liabilities | i 284,862 | i 310,394 | |||||||||
Long-term debt | i 582,537 | i 599,932 | |||||||||
Accrued retirement benefits | i 74,309 | i 76,784 | |||||||||
Deferred income taxes | i 60,100 | i 66,704 | |||||||||
Long-term tax liability | i 39,086 | i 52,114 | |||||||||
Other liabilities | i 40,108 | i 42,126 | |||||||||
Commitments and contingencies (Note 15) | i | i | |||||||||
Stockholders' equity | |||||||||||
Common
stock - par value $ i i 0.01 / per share Authorized:
i i 150,000,000 / shares Issued:
at par value (2022 - i 64,379,072 shares; 2021 - i 64,343,582 shares) | i 644 | i 643 | |||||||||
Additional paid-in capital | i 522,775 | i 516,562 | |||||||||
Treasury
stock, at cost (2022 - i 13,862,554 shares; 2021 - i 13,658,483 shares) | ( i 530,518) | ( i 523,642) | |||||||||
Retained earnings | i 1,551,583 | i 1,587,041 | |||||||||
Accumulated other non-owner changes to equity | ( i 224,390) | ( i 151,838) | |||||||||
Total stockholders' equity | i 1,320,094 | i 1,428,766 | |||||||||
Total liabilities and stockholders' equity | $ | i 2,401,096 | $ | i 2,576,820 |
Six Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
Operating activities: | |||||||||||
Net (loss) income | $ | ( i 19,068) | $ | i 43,873 | |||||||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | i 44,861 | i 44,683 | |||||||||
Loss (gain) on disposition of property, plant and equipment | i 47 | ( i 76) | |||||||||
Stock compensation expense | i 6,015 | i 5,632 | |||||||||
Non-cash goodwill impairment charge | i 68,194 | i — | |||||||||
Changes in assets and liabilities: | |||||||||||
Accounts receivable | ( i 30,232) | ( i 12,660) | |||||||||
Inventories | ( i 26,671) | i 89 | |||||||||
Prepaid expenses and other current assets | ( i 5,165) | ( i 3,473) | |||||||||
Accounts payable | i 10,196 | i 13,880 | |||||||||
Accrued liabilities | ( i 30,674) | i 1,721 | |||||||||
Deferred income taxes | ( i 1,261) | ( i 5,101) | |||||||||
Long-term retirement benefits | ( i 1,871) | i 889 | |||||||||
Long-term tax liability | ( i 6,949) | ( i 6,949) | |||||||||
Other | i 1,097 | i 3,213 | |||||||||
Net cash provided by operating activities | i 8,519 | i 85,721 | |||||||||
Investing activities: | |||||||||||
Proceeds from disposition of property, plant and equipment | i 92 | i 136 | |||||||||
Capital expenditures | ( i 13,523) | ( i 17,567) | |||||||||
Other | ( i 1,645) | i 2,924 | |||||||||
Net cash used by investing activities | ( i 15,076) | ( i 14,507) | |||||||||
Financing activities: | |||||||||||
Net change in other borrowings | ( i 1,372) | ( i 2,184) | |||||||||
Payments on long-term debt | ( i 70,369) | ( i 56,502) | |||||||||
Proceeds from the issuance of long-term debt | i 80,000 | i 25,000 | |||||||||
Proceeds from the issuance of common stock | i 246 | i 210 | |||||||||
Common stock repurchases | ( i 6,721) | ( i 5,229) | |||||||||
Dividends paid | ( i 16,192) | ( i 16,194) | |||||||||
Withholding taxes paid on stock issuances | ( i 154) | ( i 191) | |||||||||
Other | ( i 9,825) | ( i 3,477) | |||||||||
Net cash used by financing activities | ( i 24,387) | ( i 58,567) | |||||||||
Effect of exchange rate changes on cash flows | ( i 4,475) | ( i 1,252) | |||||||||
(Decrease) increase in cash, cash equivalents and restricted cash | ( i 35,419) | i 11,395 | |||||||||
Cash, cash equivalents and restricted cash at beginning of period | i 111,909 | i 91,468 | |||||||||
Cash, cash equivalents and restricted cash at end of period | i 76,490 | i 102,863 | |||||||||
Less: Restricted cash, included in Prepaid expenses and other current assets | ( i 2,122) | ( i 6,970) | |||||||||
Less: Restricted cash, included in Other assets | ( i 2,090) | ( i 4,759) | |||||||||
Cash and cash equivalents at end of period | $ | i 72,278 | $ | i 91,134 |
Three
Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Industrial | Aerospace | Total Company | Industrial | Aerospace | Total Company | |||||||||||||||||||||||||||||||||||||||||||||
Products and Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Engineered Components Products | $ | i 48,287 | $ | i — | $ | i 48,287 | $ | i 45,429 | $ | i — | $ | i 45,429 | ||||||||||||||||||||||||||||||||||||||
Molding Solutions Products | i 101,209 | i — | i 101,209 | i 122,612 | i — | i 122,612 | ||||||||||||||||||||||||||||||||||||||||||||
Force & Motion Control Products | i 47,260 | i — | i 47,260 | i 48,321 | i — | i 48,321 | ||||||||||||||||||||||||||||||||||||||||||||
Automation Products | i 15,359 | i — | i 15,359 | i 18,311 | i — | i 18,311 | ||||||||||||||||||||||||||||||||||||||||||||
Aerospace Original Equipment Manufacturing Products | i — | i 69,503 | i 69,503 | i — | i 60,985 | i 60,985 | ||||||||||||||||||||||||||||||||||||||||||||
Aerospace Aftermarket Products and Services | i — | i 39,650 | i 39,650 | i — | i 25,500 | i 25,500 | ||||||||||||||||||||||||||||||||||||||||||||
$ | i 212,115 | $ | i 109,153 | $ | i 321,268 | $ | i 234,673 | $ | i 86,485 | $ | i 321,158 | |||||||||||||||||||||||||||||||||||||||
Geographic
Regions (A) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Americas | $ | i 88,970 | $ | i 80,766 | $ | i 169,736 | $ | i 93,001 | $ | i 65,638 | $ | i 158,639 | ||||||||||||||||||||||||||||||||||||||
Europe | i 74,770 | i 18,663 | i 93,433 | i 90,094 | i 13,263 | i 103,357 | ||||||||||||||||||||||||||||||||||||||||||||
Asia | i 46,670 | i 8,347 | i 55,017 | i 50,746 | i 7,096 | i 57,842 | ||||||||||||||||||||||||||||||||||||||||||||
Rest of World | i 1,705 | i 1,377 | i 3,082 | i 832 | i 488 | i 1,320 | ||||||||||||||||||||||||||||||||||||||||||||
$ | i 212,115 | $ | i 109,153 | $ | i 321,268 | $ | i 234,673 | $ | i 86,485 | $ | i 321,158 | |||||||||||||||||||||||||||||||||||||||
Six
Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||
Industrial | Aerospace | Total Company | Industrial | Aerospace | Total Company | |||||||||||||||||||||||||||||||||||||||||||||
Products and Services | ||||||||||||||||||||||||||||||||||||||||||||||||||
Engineered Components Products | $ | i 95,251 | $ | i — | $ | i 95,251 | $ | i 93,715 | $ | i — | $ | i 93,715 | ||||||||||||||||||||||||||||||||||||||
Molding Solutions Products | i 204,245 | i — | i 204,245 | i 231,159 | i — | i 231,159 | ||||||||||||||||||||||||||||||||||||||||||||
Force & Motion Control Products | i 93,343 | i — | i 93,343 | i 93,978 | i — | i 93,978 | ||||||||||||||||||||||||||||||||||||||||||||
Automation Products | i 30,948 | i — | i 30,948 | i 35,808 | i — | i 35,808 | ||||||||||||||||||||||||||||||||||||||||||||
Aerospace Original Equipment Manufacturing Products | i — | i 135,132 | i 135,132 | i — | i 116,513 | i 116,513 | ||||||||||||||||||||||||||||||||||||||||||||
Aerospace Aftermarket Products and Services | i — | i 74,732 | i 74,732 | i — | i 51,614 | i 51,614 | ||||||||||||||||||||||||||||||||||||||||||||
$ | i 423,787 | $ | i 209,864 | $ | i 633,651 | $ | i 454,660 | $ | i 168,127 | $ | i 622,787 | |||||||||||||||||||||||||||||||||||||||
Geographic
Regions (A) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Americas | $ | i 174,975 | $ | i 153,263 | $ | i 328,238 | $ | i 175,896 | $ | i 124,647 | $ | i 300,543 | ||||||||||||||||||||||||||||||||||||||
Europe | i 157,139 | i 38,484 | i 195,623 | i 178,768 | i 27,414 | i 206,182 | ||||||||||||||||||||||||||||||||||||||||||||
Asia | i 88,489 | i 15,665 | i 104,154 | i 97,506 | i 14,743 | i 112,249 | ||||||||||||||||||||||||||||||||||||||||||||
Rest of World | i 3,184 | i 2,452 | i 5,636 | i 2,490 | i 1,323 | i 3,813 | ||||||||||||||||||||||||||||||||||||||||||||
$ | i 423,787 | $ | i 209,864 | $ | i 633,651 | $ | i 454,660 | $ | i 168,127 | $ | i 622,787 |
June 30, 2022 | December 31, 2021 | $ Change | % Change | ||||||||||||||||||||
Unbilled receivables (contract assets) | $ | i 36,401 | $ | i 33,522 | $ | i 2,879 | i 9 | % | |||||||||||||||
Contract liabilities | ( i 19,868) | ( i 25,374) | i 5,506 | ( i 22) | % | ||||||||||||||||||
Net contract assets | $ | i 16,533 | $ | i 8,148 | $ | i 8,385 | i 103 | % |
Common Stock (Number of Shares) | Common Stock (Amount) | Additional Paid-In Capital | Treasury Stock (Number of Shares) | Treasury Stock (Amount) | Retained Earnings | Accumulated Other Non-Owner Changes to Equity | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2021 | i 64,344 | $ | i 643 | $ | i 516,562 | i 13,658 | $ | ( i 523,642) | $ | i 1,587,041 | $ | ( i 151,838) | $ | i 1,428,766 | ||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | — | — | — | — | — | i 20,484 | ( i 2,590) | i 17,894 | ||||||||||||||||||||||||||||||||||||||||||
Dividends
declared ($ i 0.16 per share) | — | — | — | — | — | ( i 8,111) | — | ( i 8,111) | ||||||||||||||||||||||||||||||||||||||||||
Employee stock plans | i 12 | i 1 | i 2,665 | i 2 | ( i 49) | ( i 136) | — | i 2,481 | ||||||||||||||||||||||||||||||||||||||||||
March 31, 2022 | i 64,356 | $ | i 644 | $ | i 519,227 | i 13,660 | $ | ( i 523,691) | $ | i 1,599,278 | $ | ( i 154,428) | $ | i 1,441,030 | ||||||||||||||||||||||||||||||||||||
Comprehensive loss | — | — | — | — | — | ( i 39,552) | ( i 69,962) | ( i 109,514) | ||||||||||||||||||||||||||||||||||||||||||
Dividends
declared ($ i 0.16 per share) | — | — | — | — | — | ( i 8,081) | — | ( i 8,081) | ||||||||||||||||||||||||||||||||||||||||||
Common stock repurchases | — | — | — | i 200 | ( i 6,721) | — | — | ( i 6,721) | ||||||||||||||||||||||||||||||||||||||||||
Employee stock plans | i 23 | — | i 3,548 | i 3 | ( i 106) | ( i 62) | — | i 3,380 | ||||||||||||||||||||||||||||||||||||||||||
June 30, 2022 | i 64,379 | $ | i 644 | $ | i 522,775 | i 13,863 | $ | ( i 530,518) | $ | i 1,551,583 | $ | ( i 224,390) | $ | i 1,320,094 | ||||||||||||||||||||||||||||||||||||
Common Stock (Number of Shares) | Common Stock (Amount) | Additional Paid-In Capital | Treasury Stock (Number of Shares) | Treasury Stock (Amount) | Retained Earnings | Accumulated Other Non-Owner Changes to Equity | Total Stockholders’ Equity | |||||||||||||||||||||||||||||||||||||||||||
December 31, 2020 | i 64,171 | $ | i 642 | $ | i 501,531 | i 13,530 | $ | ( i 516,992) | $ | i 1,519,811 | $ | ( i 122,315) | $ | i 1,382,677 | ||||||||||||||||||||||||||||||||||||
Comprehensive income (loss) | — | — | — | — | — | i 19,382 | ( i 44,902) | ( i 25,520) | ||||||||||||||||||||||||||||||||||||||||||
Dividends
declared ($ i 0.16 per share) | — | — | — | — | — | ( i 8,104) | — | ( i 8,104) | ||||||||||||||||||||||||||||||||||||||||||
Employee stock plans | i 12 | — | i 2,406 | i 1 | ( i 68) | ( i 24) | — | i 2,314 | ||||||||||||||||||||||||||||||||||||||||||
March 31, 2021 | i 64,183 | $ | i 642 | $ | i 503,937 | i 13,531 | $ | ( i 517,060) | $ | i 1,531,065 | $ | ( i 167,217) | $ | i 1,351,367 | ||||||||||||||||||||||||||||||||||||
Comprehensive income | — | — | — | — | — | i 24,491 | i 24,591 | i 49,082 | ||||||||||||||||||||||||||||||||||||||||||
Dividends
declared ($ i 0.16 per share) | — | — | — | — | — | ( i 8,090) | — | ( i 8,090) | ||||||||||||||||||||||||||||||||||||||||||
Common stock repurchases | — | — | — | i 100 | ( i 5,229) | — | — | ( i 5,229) | ||||||||||||||||||||||||||||||||||||||||||
Employee stock plans | i 17 | — | i 3,417 | i 3 | ( i 123) | ( i 31) | — | i 3,263 | ||||||||||||||||||||||||||||||||||||||||||
June 30, 2021 | i 64,200 | $ | i 642 | $ | i 507,354 | i 13,634 | $ | ( i 522,412) | $ | i 1,547,435 | $ | ( i 142,626) | $ | i 1,390,393 | ||||||||||||||||||||||||||||||||||||
June 30, 2022 | December 31, 2021 | ||||||||||
Finished goods | $ | i 93,349 | $ | i 88,954 | |||||||
Work-in-process | i 70,057 | i 65,468 | |||||||||
Raw material and supplies | i 97,227 | i 85,233 | |||||||||
$ | i 260,633 | $ | i 239,655 |
Industrial | Aerospace | Total Company | |||||||||||||||||||||
December 31, 2021 | $ | i 924,584 | $ | i 30,786 | $ | i 955,370 | |||||||||||||||||
Impairment charge | ( i 68,194) | i — | ( i 68,194) | ||||||||||||||||||||
Foreign currency translation | ( i 60,045) | i — | ( i 60,045) | ||||||||||||||||||||
June 30, 2022 | $ | i 796,345 | $ | i 30,786 | $ | i 827,131 |
June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||||||||
Range of Life -Years | Gross Amount | Accumulated Amortization | Gross Amount | Accumulated Amortization | |||||||||||||||||||||||||
Amortized intangible assets: | |||||||||||||||||||||||||||||
Revenue Sharing Programs (RSPs) | Up to i 30 | $ | i 299,500 | $ | ( i 157,737) | $ | i 299,500 | $ | ( i 151,961) | ||||||||||||||||||||
Component Repair Programs (CRPs) | Up to i 30 | i 111,839 | ( i 38,410) | i 111,839 | ( i 35,632) | ||||||||||||||||||||||||
Customer relationships | i 10- i 16 | i 337,189 | ( i 147,418) | i 337,189 | ( i 137,856) | ||||||||||||||||||||||||
Patents and technology | i 4- i 11 | i 123,433 | ( i 89,564) | i 123,433 | ( i 86,002) | ||||||||||||||||||||||||
Trademarks/trade names | i 10- i 30 | i 10,949 | ( i 10,681) | i 10,949 | ( i 10,587) | ||||||||||||||||||||||||
Other | Up
to i 10 | i 8,328 | ( i 2,471) | i 7,450 | ( i 2,072) | ||||||||||||||||||||||||
i 891,238 | ( i 446,281) | i 890,360 | ( i 424,110) | ||||||||||||||||||||||||||
Unamortized intangible assets: | |||||||||||||||||||||||||||||
Trade names | i 55,670 | — | i 55,670 | — | |||||||||||||||||||||||||
Foreign currency translation | ( i 39,466) | — | ( i 21,674) | — | |||||||||||||||||||||||||
Other intangible assets | $ | i 907,442 | $ | ( i 446,281) | $ | i 924,356 | $ | ( i 424,110) |
June 30, 2022 | December 31, 2021 | ||||||||||||||||||||||
Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||||||||
Amended Credit Agreement | $ | i 478,919 | $ | i 467,491 | $ | i 495,262 | $ | i 516,380 | |||||||||||||||
i 3.97%
Senior Notes | i 100,000 | i 100,215 | i 100,000 | i 105,541 | |||||||||||||||||||
Borrowings under lines of credit and overdrafts | i 4 | i 4 | i 224 | i 224 | |||||||||||||||||||
Finance leases | i 5,120 | i 5,555 | i 6,505 | i 6,827 | |||||||||||||||||||
Other | i — | i — | i 1,676 | i 1,676 | |||||||||||||||||||
i 584,043 | i 573,265 | i 603,667 | i 630,648 | ||||||||||||||||||||
Less current maturities | ( i 1,506) | ( i 3,735) | |||||||||||||||||||||
Long-term debt | $ | i 582,537 | $ | i 599,932 |
Fair Value Measurements Using | ||||||||||||||||||||||||||
Description | Total | Quoted
Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | ||||||||||||||||||||||
June 30, 2022 | ||||||||||||||||||||||||||
Asset derivatives | $ | i 5,277 | $ | i — | $ | i 5,277 | $ | i — | ||||||||||||||||||
Liability derivatives | ( i 1,816) | i — | ( i 1,816) | i — | ||||||||||||||||||||||
Bank acceptances | i 13,685 | i — | i 13,685 | i — | ||||||||||||||||||||||
Rabbi trust assets | i 2,493 | i 2,493 | i — | i — | ||||||||||||||||||||||
Total | $ | i 19,639 | $ | i 2,493 | $ | i 17,146 | $ | i — | ||||||||||||||||||
December 31, 2021 | ||||||||||||||||||||||||||
Asset derivatives | $ | i 375 | $ | i — | $ | i 375 | $ | i — | ||||||||||||||||||
Liability derivatives | ( i 107) | i — | ( i 107) | i — | ||||||||||||||||||||||
Bank acceptances | i 13,240 | i — | i 13,240 | i — | ||||||||||||||||||||||
Rabbi trust assets | i 3,001 | i 3,001 | i — | i — | ||||||||||||||||||||||
Total | $ | i 16,509 | $ | i 3,001 | $ | i 13,508 | $ | i — |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
Pensions | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||
Service cost | $ | i 1,328 | $ | i 1,538 | $ | i 2,883 | $ | i 3,279 | |||||||||||||||
Interest cost | i 3,434 | i 3,204 | i 6,868 | i 6,376 | |||||||||||||||||||
Expected return on plan assets | ( i 7,257) | ( i 6,962) | ( i 14,538) | ( i 13,934) | |||||||||||||||||||
Amortization of prior service cost | i 99 | i 80 | i 207 | i 165 | |||||||||||||||||||
Amortization of actuarial losses | i 3,518 | i 4,080 | i 6,657 | i 8,006 | |||||||||||||||||||
Special termination benefits | i — | i — | i 136 | i — | |||||||||||||||||||
Net periodic benefit cost | $ | i 1,122 | $ | i 1,940 | $ | i 2,213 | $ | i 3,892 |
Three
Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||||||||||
Other Postretirement Benefits | 2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||||
Service cost | $ | i 15 | $ | i 25 | $ | i 39 | $ | i 50 | ||||||||||||||||||
Interest cost | i 203 | i 206 | i 409 | i 412 | ||||||||||||||||||||||
Amortization of prior service cost | i 9 | i 8 | i 18 | i 15 | ||||||||||||||||||||||
Amortization of actuarial losses | ( i 1) | i 70 | ( i 1) | i 140 | ||||||||||||||||||||||
Net periodic benefit cost | $ | i 226 | $ | i 309 | $ | i 465 | $ | i 617 |
Gains and Losses on Cash Flow Hedges | Pension and Other Postretirement Benefit Items | Foreign Currency Items | Total | ||||||||||||||||||||
December 31, 2021 | $ | i 160 | $ | ( i 112,307) | $ | ( i 39,691) | $ | ( i 151,838) | |||||||||||||||
Other comprehensive income (loss) before reclassifications | i 3,206 | i 586 | ( i 81,805) | ( i 78,013) | |||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income | i 196 | i 5,265 | i — | i 5,461 | |||||||||||||||||||
Net current-period other comprehensive income (loss) | i 3,402 | i 5,851 | ( i 81,805) | ( i 72,552) | |||||||||||||||||||
June 30, 2022 | $ | i 3,562 | $ | ( i 106,456) | $ | ( i 121,496) | $ | ( i 224,390) |
Gains and Losses on Cash Flow Hedges | Pension and Other Postretirement Benefit Items | Foreign Currency Items | Total | ||||||||||||||||||||
December 31, 2020 | $ | ( i 757) | $ | ( i 142,119) | $ | i 20,561 | $ | ( i 122,315) | |||||||||||||||
Other comprehensive (loss) income before reclassifications | ( i 1,003) | i 145 | ( i 26,286) | ( i 27,144) | |||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income | i 453 | i 6,380 | i — | i 6,833 | |||||||||||||||||||
Net current-period other comprehensive (loss) income | ( i 550) | i 6,525 | ( i 26,286) | ( i 20,311) | |||||||||||||||||||
June 30, 2021 | $ | ( i 1,307) | $ | ( i 135,594) | $ | ( i 5,725) | $ | ( i 142,626) |
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Consolidated Statements of Income | ||||||||||||||||||
Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | |||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||
Interest rate contracts | $ | ( i 94) | $ | ( i 460) | Interest expense | |||||||||||||||
Foreign exchange contracts | ( i 27) | i 171 | Net sales | |||||||||||||||||
( i 121) | ( i 289) | Total before tax | ||||||||||||||||||
i 28 | i 73 | Tax benefit | ||||||||||||||||||
( i 93) | ( i 216) | Net of tax | ||||||||||||||||||
Pension and other postretirement benefit items | ||||||||||||||||||||
Amortization of prior service costs | $ | ( i 108) | $ | ( i 88) | (A) | |||||||||||||||
Amortization of actuarial losses | ( i 3,517) | ( i 4,150) | (A) | |||||||||||||||||
( i 3,625) | ( i 4,238) | Total before tax | ||||||||||||||||||
i 852 | i 992 | Tax benefit | ||||||||||||||||||
( i 2,773) | ( i 3,246) | Net of tax | ||||||||||||||||||
Total reclassifications in the period | $ | ( i 2,866) | $ | ( i 3,462) | ||||||||||||||||
Details about Accumulated Other Comprehensive Income (Loss) Components | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | Affected Line Item in the Consolidated Statements of Income | ||||||||||||||||||
Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | |||||||||||||||||||
Cash flow hedges | ||||||||||||||||||||
Interest rate contracts | $ | ( i 260) | ( i 909) | Interest expense | ||||||||||||||||
Foreign exchange contracts | i 3 | i 298 | Net sales | |||||||||||||||||
( i 257) | ( i 611) | Total before tax | ||||||||||||||||||
i 61 | i 158 | Tax benefit | ||||||||||||||||||
( i 196) | ( i 453) | Net of tax | ||||||||||||||||||
Pension and other postretirement benefit items | ||||||||||||||||||||
Amortization of prior service costs | $ | ( i 225) | $ | ( i 180) | (A) | |||||||||||||||
Amortization of actuarial losses | ( i 6,656) | ( i 8,146) | (A) | |||||||||||||||||
( i 6,881) | ( i 8,326) | Total before tax | ||||||||||||||||||
i 1,616 | i 1,946 | Tax benefit | ||||||||||||||||||
( i 5,265) | ( i 6,380) | Net of tax | ||||||||||||||||||
Total reclassifications in the period | $ | ( i 5,461) | $ | ( i 6,833) | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Net sales | |||||||||||||||||||||||
Industrial | $ | i 212,115 | $ | i 234,679 | $ | i 423,787 | $ | i 454,671 | |||||||||||||||
Aerospace | i 109,153 | i 86,485 | i 209,864 | i 168,127 | |||||||||||||||||||
Intersegment sales | i — | ( i 6) | i — | ( i 11) | |||||||||||||||||||
Total net sales | $ | i 321,268 | $ | i 321,158 | $ | i 633,651 | $ | i 622,787 | |||||||||||||||
Operating (loss) profit | |||||||||||||||||||||||
Industrial(A) | $ | ( i 48,743) | $ | i 27,273 | $ | ( i 33,990) | $ | i 48,568 | |||||||||||||||
Aerospace | i 20,556 | i 11,270 | i 36,916 | i 22,355 | |||||||||||||||||||
Total operating (loss) profit | ( i 28,187) | i 38,543 | i 2,926 | i 70,923 | |||||||||||||||||||
Interest expense | i 3,325 | i 4,475 | i 6,893 | i 8,416 | |||||||||||||||||||
Other expense (income), net | ( i 403) | i 1,272 | i 1,226 | i 2,734 | |||||||||||||||||||
(Loss) income before income taxes | $ | ( i 31,109) | $ | i 32,796 | $ | ( i 5,193) | $ | i 59,773 |
June 30, 2022 | December 31, 2021 | ||||||||||
Assets | |||||||||||
Industrial | $ | i 1,679,108 | $ | i 1,827,903 | |||||||
Aerospace | i 584,053 | i 583,043 | |||||||||
Other
(B) | i 137,935 | i 165,874 | |||||||||
Total assets | $ | i 2,401,096 | $ | i 2,576,820 |
December 31, 2021 | $ | i 1,222 | |||
Payments | ( i 558) | ||||
June 30, 2022 | $ | i 664 |
/s/ PricewaterhouseCoopers LLP | |||||
Hartford, Connecticut | |||||
July 29, 2022 |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2022 | 2021 | Change | 2022 | 2021 | Change | |||||||||||||||||||||||||||||||||||||||||
Industrial | $ | 212.1 | $ | 234.7 | $ | (22.6) | (9.6) | % | $ | 423.8 | $ | 454.7 | $ | (30.9) | (6.8) | % | |||||||||||||||||||||||||||||||
Aerospace | 109.2 | 86.5 | 22.7 | 26.2 | % | 209.9 | 168.1 | 41.7 | 24.8 | % | |||||||||||||||||||||||||||||||||||||
Total | $ | 321.3 | $ | 321.2 | $ | 0.1 | — | % | $ | 633.7 | $ | 622.8 | $ | 10.9 | 1.7 | % |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2022 | 2021 | Change | 2022 | 2021 | Change | |||||||||||||||||||||||||||||||||||||||||
Cost of sales | $ | 212.8 | $ | 203.2 | $ | 9.6 | 4.7 | % | $ | 419.9 | $ | 397.9 | $ | 22.1 | 5.5 | % | |||||||||||||||||||||||||||||||
% sales | 66.2 | % | 63.3 | % | 66.3 | % | 63.9 | % | |||||||||||||||||||||||||||||||||||||||
Gross profit (1) | $ | 108.5 | $ | 118.0 | $ | (9.5) | (8.0) | % | $ | 213.7 | $ | 224.9 | $ | (11.2) | (5.0) | % | |||||||||||||||||||||||||||||||
% sales | 33.8 | % | 36.7 | % | 33.7 | % | 36.1 | % | |||||||||||||||||||||||||||||||||||||||
Selling and administrative expenses | $ | 68.5 | $ | 79.4 | $ | (10.9) | (13.8) | % | $ | 142.6 | $ | 154.0 | $ | (11.4) | (7.4) | % | |||||||||||||||||||||||||||||||
% sales | 21.3 | % | 24.7 | % | 22.5 | % | 24.7 | % | |||||||||||||||||||||||||||||||||||||||
Goodwill impairment charge | $ | 68.2 | $ | — | $ | 68.2 | 100 | % | $ | 68.2 | — | % | $ | 68.2 | 100.0 | % | |||||||||||||||||||||||||||||||
% sales | 21.2 | % | — | % | 10.8 | % | — | % | |||||||||||||||||||||||||||||||||||||||
Operating (loss) income | $ | (28.2) | $ | 38.5 | $ | (66.7) | (173.1) | % | $ | 2.9 | $ | 70.9 | $ | (68.0) | (95.9) | % | |||||||||||||||||||||||||||||||
% sales | (8.8) | % | 12.0 | % | 0.5 | % | 11.4 | % |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions, except per share) | 2022 | 2021 | Change | 2022 | 2021 | Change | |||||||||||||||||||||||||||||||||||||||||
Net (loss) income | $ | (39.6) | $ | 24.5 | $ | (64.0) | (261.5) | % | $ | (19.1) | $ | 43.9 | $ | (62.9) | (143.5) | % | |||||||||||||||||||||||||||||||
Net (loss) income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||
Basic | $ | (0.78) | $ | 0.48 | $ | (1.26) | (262.5) | % | $ | (0.37) | $ | 0.86 | $ | (1.23) | (143.0) | % | |||||||||||||||||||||||||||||||
Diluted | (0.78) | 0.48 | (1.26) | (262.5) | % | (0.37) | 0.86 | (1.23) | (143.0) | % | |||||||||||||||||||||||||||||||||||||
Weighted average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||
Basic | 51.0 | 50.9 | 0.1 | 0.1 | % | 51.0 | 50.9 | 0.1 | 0.2 | % | |||||||||||||||||||||||||||||||||||||
Diluted | 51.0 | 51.1 | (0.1) | (0.2) | % | 51.0 | 51.1 | (0.1) | (0.2) | % |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2022 | 2021 | Change | 2022 | 2021 | Change | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | 212.1 | $ | 234.7 | $ | (22.6) | (9.6) | % | $ | 423.8 | $ | 454.7 | $ | (30.9) | (6.8) | % | |||||||||||||||||||||||||||||||
Operating (loss) profit | (48.7) | 27.3 | (76.0) | (278.7) | % | (34.0) | 48.6 | (82.6) | (170.0) | % | |||||||||||||||||||||||||||||||||||||
Operating margin | (23.0) | % | 11.6 | % | (8.0) | % | 10.7 | % |
Three
Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||||||||||||||||||||||||||||
(in millions) | 2022 | 2021 | Change | 2022 | 2021 | Change | |||||||||||||||||||||||||||||||||||||||||
Sales | $ | 109.2 | $ | 86.5 | $ | 22.7 | 26.2 | % | $ | 209.9 | $ | 168.1 | $ | 41.7 | 24.8 | % | |||||||||||||||||||||||||||||||
Operating profit | 20.6 | 11.3 | 9.3 | 82.4 | % | 36.9 | 22.4 | 14.6 | 65.1 | % | |||||||||||||||||||||||||||||||||||||
Operating margin | 18.8 | % | 13.0 | % | 17.6 | % | 13.3 | % |
Six Months Ended June 30, | |||||||||||||||||
(in millions) | 2022 | 2021 | Change | ||||||||||||||
Operating activities | $ | 8.5 | $ | 85.7 | $ | (77.2) | |||||||||||
Investing activities | (15.1) | (14.5) | (0.6) | ||||||||||||||
Financing activities | (24.4) | (58.6) | 34.2 | ||||||||||||||
Exchange rate effect | (4.5) | (1.3) | (3.2) | ||||||||||||||
(Decrease) increase in cash, cash equivalents and restricted cash | $ | (35.4) | $ | 11.4 | $ | (46.8) |
Four Fiscal Quarters Ended June 30, 2022 | |||||
Net income | $ | 36.9 | |||
Add back: | |||||
Interest expense | 14.7 | ||||
Income taxes | 25.9 | ||||
Depreciation and amortization | 92.4 | ||||
Adjustment for non-cash stock based compensation | 11.8 | ||||
Non-cash goodwill impairment charge | 68.2 | ||||
Other adjustments | 0.6 | ||||
Consolidated EBITDA, as defined within the Amended Credit Agreement | $ | 250.5 | |||
Consolidated Senior Debt, as defined, as of June 30, 2022 | $ | 584.0 | |||
Ratio of Consolidated Senior Debt to Consolidated EBITDA | 2.33 | ||||
Maximum | 3.25 | ||||
Consolidated Total Debt,
as defined, as of June 30, 2022 | $ | 584.0 | |||
Ratio of Consolidated Total Debt to Consolidated EBITDA | 2.33 | ||||
Maximum | 3.75 | ||||
Consolidated Cash Interest Expense, as defined, as of June 30, 2022 | $ | 14.7 | |||
Ratio of Consolidated EBITDA to Consolidated Cash Interest Expense | 17.06 | ||||
Minimum | 4.25 |
Six
Months Ended June 30, | |||||||||||
2022 | 2021 | ||||||||||
Net (loss) income | $ | (19.1) | $ | 43.9 | |||||||
Add back: | |||||||||||
Interest expense | 6.9 | 8.4 | |||||||||
Income taxes | 13.9 | 15.9 | |||||||||
Depreciation and amortization | 44.9 | 44.7 | |||||||||
Non-cash goodwill impairment charge | 68.2 | — | |||||||||
EBITDA | $ | 114.8 | $ | 112.9 |
Period | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid Per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs(2) | ||||||||||||||||||||||
April 1-30, 2022 | 1,141 | $ | 36.76 | — | 3,604,000 | |||||||||||||||||||||
May 1-31, 2022 | 200,566 | $ | 33.60 | 200,000 | 3,404,000 | |||||||||||||||||||||
June 1-30, 2022 | 1,303 | $ | 34.57 | — | 3,404,000 | |||||||||||||||||||||
Total | 203,010 | (1) | $ | 33.63 | 200,000 |
Exhibit 10.1 | Amendment No. 1 to Sixth Amended and Restated Senior Unsecured Revolving Credit Agreement, dated as of April 6, 2022, by and among the Company, Barnes Group Switzerland GmbH, Barnes Group Acquisition GmbH, Barnes Group Luxembourg (No. 1) S.à r.l., the lenders party thereto, Bank of America, N.A., as administrative agent, and other parties signatory thereto. | ||||
Exhibit 10.2 | |||||
Exhibit 10.3 | |||||
Exhibit 10.4 | |||||
Exhibit 15 | |||||
Exhibit 31.1 | |||||
Exhibit 31.2 | |||||
Exhibit 32 | |||||
Exhibit 101.INS | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | ||||
Exhibit 101.SCH | XBRL Taxonomy Extension Schema Document. | ||||
Exhibit 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document. | ||||
Exhibit 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document. | ||||
Exhibit 101.LAB | XBRL Taxonomy Extension Label Linkbase Document. | ||||
Exhibit 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document. | ||||
104 | Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101). |
Barnes Group Inc. | ||||||||
(Registrant) | ||||||||
Date: | July 29, 2022 | /s/ JULIE K. STREICH | ||||||
Senior Vice President, Finance | ||||||||
Chief Financial Officer | ||||||||
(Principal Financial Officer) | ||||||||
Date: | July 29, 2022 | /s/ MARIAN ACKER | ||||||
Vice President, Controller | ||||||||
(Principal Accounting Officer) |
Exhibit No. | Description | Reference | ||||||||||||
10.1 | Amendment
No. 1 to Sixth Amended and Restated Senior Unsecured Revolving Credit Agreement, dated as of April 6, 2022, by and among the Company, Barnes Group Switzerland GmbH, Barnes Group Acquisition GmbH, Barnes Group Luxembourg (No. 1) S.à r.l., the lenders party thereto, Bank of America, N.A., as administrative agent, and other parties signatory thereto. | |||||||||||||
10.2 | Offer Letter, dated as of June 18, 2022, by and between Barnes Group Inc. and Thomas J. Hook. | |||||||||||||
10.3 | Employee Non-Disclosure, Non-Competition, Non-Solicitation and Non-Disparagement Agreement, dated as of June 18, 2022, by and between Barnes Group Inc. and Thomas J. Hook. | |||||||||||||
10.4 | Transition and Retirement Agreement, dated as of June 18, 2022, by and between Barnes Group Inc and Patrick J. Dempsey. | |||||||||||||
15 | Filed with this report. | |||||||||||||
31.1 | Filed with this report. | |||||||||||||
31.2 | Filed with this report. | |||||||||||||
32 | Furnished with this report. | |||||||||||||
Exhibit 101.INS | XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | Filed with this report. | ||||||||||||
Exhibit 101.SCH | XBRL Taxonomy Extension Schema Document. | Filed with this report. | ||||||||||||
Exhibit 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document. | Filed with this report. | ||||||||||||
Exhibit 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document. | Filed with this report. | ||||||||||||
Exhibit 101.LAB | XBRL Taxonomy Extension Label Linkbase Document. | Filed with this report. | ||||||||||||
Exhibit 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document. | Filed with this report. | ||||||||||||
104 | Cover Page Interactive Data File (formatted is Inline XBRL and contained in Exhibit 101). | Filed with this report. |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/30/26 | ||||
10/17/24 | ||||
6/30/23 | ||||
12/31/22 | ||||
12/15/22 | ||||
Filed on: | 7/29/22 | 8-K | ||
7/27/22 | ||||
7/26/22 | ||||
7/14/22 | 4, S-8 | |||
For Period end: | 6/30/22 | |||
6/18/22 | 8-K | |||
4/30/22 | ||||
4/6/22 | 8-K | |||
4/1/22 | ||||
3/31/22 | 10-Q | |||
2/22/22 | 10-K | |||
1/31/22 | SC 13G/A | |||
12/31/21 | 10-K, 4, SD | |||
10/11/21 | ||||
6/30/21 | 10-Q | |||
3/31/21 | 10-Q | |||
3/24/21 | ||||
2/10/21 | 8-K, SC 13G/A | |||
1/1/21 | ||||
12/31/20 | 10-K, 4, SD | |||
12/15/20 | ||||
10/8/20 | 8-K | |||
4/25/19 | ||||
3/31/19 | 10-Q | |||
4/28/17 | 10-Q, 8-K | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/21/22 Barnes Group Inc. 8-K:5,9 6/18/22 14:728K 4/08/22 Barnes Group Inc. 8-K:1,2,9 4/06/22 11:1.8M |