Goodwill
Barnes Group Goodwill increased by 3.4% to $1.08B in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 6.1%, from $1.15B to $1.08B. Over 3 years (FY 2020 to FY 2023), Goodwill shows an upward trend with a 5.4% CAGR.
Analysis
How to read this metric
A significant increase indicates recent M&A activity, while a sudden decrease typically signals an impairment charge due to underperforming acquisitions.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Standard metric for companies that grow through acquisition; comparable across all industries.
goodwillHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $986.06M | $967.48M | $955.37M | $945.41M | $827.13M | $784.95M | $835.47M | $847.82M | $842.15M | $1.15B | $1.18B | $1.10B | $1.05B | $1.08B |
| QoQ Change | — | -1.9% | -1.3% | -1.0% | -12.5% | -5.1% | +6.4% | +1.5% | -0.7% | +36.8% | +2.7% | -6.9% | -5.0% | +3.4% |
| YoY Change | — | — | — | — | -16.1% | -18.9% | -12.5% | -10.3% | +1.8% | +46.8% | +41.7% | +30.0% | +24.3% | -6.1% |
Business Segments
| Segment | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Industrial | $804.69M | $817.04M | $811.37M | $803.25M | $831.27M | $351.57M | $691.56M | $720.65M |
| Aerospace | $30.79M | $30.79M | $30.79M | $348.83M | $352.35M | $750.79M | $355.27M | $361.31M |
| Total | $835.47M | $847.82M | $842.15M | $1.15B | $1.18B | $1.10B | $1.05B | $1.08B |
Aerospace, Industrial were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Barnes Group's goodwill?
- Barnes Group (B) reported goodwill of $1.08B in Q3 2024.
- How has Barnes Group's goodwill changed year-over-year?
- Barnes Group's goodwill decreased by 6.1% year-over-year, from $1.15B to $1.08B.
- What is the long-term trend for Barnes Group's goodwill?
- Over 3 years (2020 to 2023), Barnes Group's goodwill has grown at a 5.4% compound annual growth rate (CAGR), from $1.01B to $1.18B.
- What does goodwill mean?
- The excess price paid for an acquisition over the fair value of its net assets.