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
High goodwill indicates a history of aggressive M&A; significant write-downs signal that acquired assets are underperforming expectations.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Common in industries with high M&A activity; peers are compared based on the ratio of goodwill to total equity.
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 premium paid for an acquisition above the value of its tangible and identifiable assets.