Retirement and nonpension postretirement benefit obligations
Barnes Group Retirement and nonpension postretirement benefit obligations decreased by 0.8% to $36.54M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 15.9%, from $43.43M to $36.54M. Over 3 years (FY 2020 to FY 2023), Retirement and nonpension postretirement benefit obligations shows a downward trend with a -22.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests rising long-term benefit obligations or lower plan asset performance, while a decrease indicates reduced future liability or improved funding status.
Detailed definition
This represents the long-term financial obligations a company expects to pay to retired employees for pension benefits a...
Peer comparison
Standard across capital-intensive industries with legacy workforces; peers often disclose this as part of net periodic benefit cost.
non_current_liabilities_pension_and_other_postretirement_0d4947Historical 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 | $93.63M | $91.69M | $76.78M | $75.68M | $74.31M | $73.09M | $54.35M | $48.02M | $44.85M | $43.43M | $45.99M | $41.48M | $36.83M | $36.54M |
| QoQ Change | — | -2.1% | -16.3% | -1.4% | -1.8% | -1.6% | -25.6% | -11.6% | -6.6% | -3.2% | +5.9% | -9.8% | -11.2% | -0.8% |
| YoY Change | — | — | — | — | -20.6% | -20.3% | -29.2% | -36.6% | -39.6% | -40.6% | -15.4% | -13.6% | -17.9% | -15.9% |
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Frequently Asked Questions
- What is Barnes Group's retirement and nonpension postretirement benefit obligations?
- Barnes Group (B) reported retirement and nonpension postretirement benefit obligations of $36.54M in Q3 2024.
- How has Barnes Group's retirement and nonpension postretirement benefit obligations changed year-over-year?
- Barnes Group's retirement and nonpension postretirement benefit obligations decreased by 15.9% year-over-year, from $43.43M to $36.54M.
- What is the long-term trend for Barnes Group's retirement and nonpension postretirement benefit obligations?
- Over 3 years (2020 to 2023), Barnes Group's retirement and nonpension postretirement benefit obligations has grown at a -22.3% compound annual growth rate (CAGR), from $98.17M to $45.99M.
- What does retirement and nonpension postretirement benefit obligations mean?
- The estimated long-term cost of providing pension and healthcare benefits to retired employees.