Business Segments · Goodwill impairment charge
Industrial — Goodwill impairment charge
Barnes Group Industrial — Goodwill impairment charge remained flat by 0.0% to $53.69M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 214.9%, from $17.05M to $53.69M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ2 2022
Last reportedQ3 2024Oct 29, 2024
Rolls up toGoodwill impairment
How to read this metric
An increase signals poor past acquisition performance or deteriorating market conditions for the segment's products.
Detailed definition
This is a non-cash expense recognized when the carrying value of goodwill in the Industrial segment exceeds its implied...
Peer comparison
A critical risk metric monitored by investors to assess the success of historical capital allocation.
Metric ID:
b_segment_industrial_goodwill_impairment_chargeHistorical Data
8 periods
| Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|
| Value | $68.19M | $68.19M | $17.05M | $17.05M | $17.05M | $17.05M | $53.69M | $53.69M |
| QoQ Change | — | +0.0% | -75.0% | +0.0% | +0.0% | +0.0% | +214.9% | +0.0% |
| YoY Change | — | — | — | -75.0% | -75.0% | — | +214.9% | +214.9% |
Range$17.05M – $68.19M
CAGR-12.8%
Avg YoY Growth+70.0%
Median YoY Growth+70.0%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is Barnes Group's industrial — goodwill impairment charge?
- Barnes Group (B) reported industrial — goodwill impairment charge of $53.69M in Q3 2024.
- How has Barnes Group's industrial — goodwill impairment charge changed year-over-year?
- Barnes Group's industrial — goodwill impairment charge increased by 214.9% year-over-year, from $17.05M to $53.69M.
- What does industrial — goodwill impairment charge mean?
- A charge taken when the value of acquired intangible assets in the Industrial segment is deemed to have declined.