Gregory Dahlberg's questions to Barrick Gold Corp (B) leadership • Q1 2024
Question
Gregory Dahlberg of Wolfe Research, LLC asked for clarification on the moving parts within the updated 2024 Aerospace sales outlook, specifically regarding the expectations for OE, aftermarket, and RSP (Repair and Spare Parts).
Answer
CEO Thomas Hook indicated an expectation for a favorable mix shift toward the aftermarket. He explained that slower new aircraft delivery rates are driving more maintenance and repair work, which benefits Barnes' profitability. Hook emphasized that the company is well-balanced across engine platforms and geographies to capture these shifts, and the updated guidance reflects this dynamic.