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Barnes Group’s Sales Fall 1% in 2Q

Barnes Group Inc. (NYSE: B), Bristol, Connecticut, an international industrial and aerospace manufacturer and service provider, reported sales of $372 million for the second quarter of 2019, down 1% compared to the prior-year period. The company reported net income of $37.6 million for the quarter compared to $49.4 million in 2018.

Sales in the industrial segment were $233.4 million, down 6% from $249.6 million in the prior year period. Sales in its aerospace segment were $138.3 million, up 10% from $125.7 million in the same period last year. 

For the first six months sales grew 0.9% to $748.4 million. Profit fell 18.9% to $ 71.6 million.

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