Barnes Group (Barnes Group) EBIT : $91 Mil (TTM As of Dec. 2023)

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What is Barnes Group EBIT?

Barnes Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $30 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $91 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Barnes Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.88%. Barnes Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Barnes Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.00%.

Barnes Group EBIT Historical Data

The historical data trend for Barnes Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Barnes Group EBIT Chart

Barnes Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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227.47

117.44

144.03

52.81

91.44

Barnes Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															23.50	21.94	28.90	10.86	29.73

Competitive Comparison of Barnes Group's EBIT

For the Specialty Industrial Machinery subindustry, Barnes Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Barnes Group's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Barnes Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Barnes Group's EV-to-EBIT falls into.

Barnes Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $91 Mil.

Barnes Group (NYSE:B) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Barnes Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	118.836 * ( 1 - -17.03% )	/	( (2811.146	+	2893.907)	/ 2 )
=	139.0737708	/	2852.5265
=	4.88 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3277.334	-	376.148	-	( 90.04	-	max(0, 380.589	-	903.413	+	90.04	))
=	2811.146

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3308.014	-	324.28	-	( 89.827	-	max(0, 396.61	-	906.72	+	89.827	))
=	2893.907

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Barnes Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	118.9	/	( ( (395.014 + max(382.66, 0))	+	(402.697 + max(442.061, 0)) )	/	2 )
=	118.9	/	( ( 777.674	+	844.758 )	/	2 )
=	118.9	/	811.216
=	14.66 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(348.456	+	370.669	+	39.683)	-	(376.148	+	0	+	0)
=	382.66

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(353.923	+	365.221	+	97.749)	-	(324.28	+	42.428	+	8.124)
=	442.061

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Barnes Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	91.436	/	3050.176
	=	3.00 %

Barnes Group EBIT Related Terms

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Barnes Group (Barnes Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Barnes Group Inc (NYSE:B) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BG4:Germany

Address

123 Main Street, Bristol, CT, USA, 06010

Website

https://www.onebarnes.com

Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. This segment also provides aftermarket maintenance, overhaul and repair services for turbine engine manufacturers, airlines, and the military. The company generates around half of its revenue from the domestic American market.

Executives

Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Thomas O Barnes	director	C/O BARNES GROUP INC, PO BOX 489, BRISTOL CT 06011-0489
Hans-peter Manner	director	123 MAIN STREET, BRISTOL CT 06010
Marian Acker	officer: VP, Controller	123 MAIN STREET, BRISTOL CT 06010
Jay B Knoll	officer: SVP, Gen. Counsel & Secretary	2225 W CHANDLER BLVD, CHANDLER AZ 85224
Thomas J Hook	director	810 INNOVATION DR, KNOXVILLE TN 37932
Elijah Kent Barnes	director	123 MAIN STREET, BRISTOL CT 06010
Neal J Keating	director	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Julie K Streich	officer: SVP, Finance and CFO	123 MAIN STREET, BRISTOL CT 06010
Dawn N Edwards	officer: SVP, Human Resources	123 MAIN STREET, BRISTOL CT 06010
Richard J Hipple	director	10035 HUNTING DRIVE, BRECKSVILLE OH 44141
Ian Malcolm Reason	officer: SVP, BGI; Pres., Barnes Aero	C/O BARNES GROUP INC., 123 MAIN STREET, BRISTOL CT 06010
Michael Andrew Beck	officer: SVP, BGI; Pres., Barnes Aero	123 MAIN STREET, BRISTOL CT 06010
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Lukas Hovorka	officer: SVP, Corporate Development	123 MAIN STREET, BRISTOL CT 06010