MSC will pay $550 million to expand its footprint in Canada and the U.S.
Latest In Barnes Group
Distribution segment sales declined 1 percent from 2011.
Barnes Group sales increased 2 percent in the quarter.
Barnes Distribution sales rose slightly year over year, primarily from organic growth.
Acquisition expands Barnes Group's intellectual property-based manufacturing capability.
Barnes Distribution segment sales were up 4 percent in the quarter.
North American distribution business drives organic growth for the diversified Barnes.
Berner SE buys the distribution business for $33 million in cash.
Catalog includes more than 60,000 MRO products.
Barnes Distribution Europe businesses had 2010 sales of $105 million.
Sales were up 16 percent for the diversified manufacturer and logistical services company.
Increased demand in North American distribution business helped drive sales growth.
Logistics and Manufacturing Services sales increased 2 percent for the year, primarily on improvements in North American distribution businesses.
Year-to-date, Barnes' sales were up 9.3%.
Sales for Barnes grew 10 percent during the second quarter.
First-quarter 2010 sales at Barnes' Logistics and Manufacturing Services were down 5%.
Decreases driven by transportation and industrial markets, aerospace and automotive.
Barnes Group Inc., Bristol, CT, a diversified global manufacturer and logistical services company, reported sales for the second quarter 2009 were $255.2 million, down 33% from second quarter 2008. Profit declined 68.8% to $10.4 million.
For the six months ended June 30, sales were $517.4 million, down 32.2% from the prior year period. Profit declined 66.8% to $21.9 million.
"The continued economic weakness throughout the second quarter had a substantial impact on our businesses, particularly our transportation and industrial manufacturing businesses," said Gregory F. Milzcik, president and CEO. "As we have done since the beginning of the economic downturn, we continue to focus on managing our business prudently by adjusting our cost structure, driving increased productivity in our ...
For the six months ended June 30, sales were $517.4 million, down 32.2% from the prior year period. Profit declined 66.8% to $21.9 million.
"The continued economic weakness throughout the second quarter had a substantial impact on our businesses, particularly our transportation and industrial manufacturing businesses," said Gregory F. Milzcik, president and CEO. "As we have done since the beginning of the economic downturn, we continue to focus on managing our business prudently by adjusting our cost structure, driving increased productivity in our ...
Barnes Group Inc., Bristol, CT, a diversified global manufacturer and logistical services company, reported sales of $262.2 million for the first quarter, a decline of 31.7% from first quarter 2008. Profit declined 64.6% to $11.5 million.
Sales in Logistics and Manufacturing Services were $142.7 million, down 25% from the prior year period. Operating profit decreased 43.4% to $14.5 million. The decline in sales was driven primarily by slowing demand in the transportation and industrial end markets, though foreign exchange contributed a negative $8.4 million in the quarter.
Precision Components sales fell 39% to $197.1 million. Operating profit for the first quarter was $6 million, down ...
Sales in Logistics and Manufacturing Services were $142.7 million, down 25% from the prior year period. Operating profit decreased 43.4% to $14.5 million. The decline in sales was driven primarily by slowing demand in the transportation and industrial end markets, though foreign exchange contributed a negative $8.4 million in the quarter.
Precision Components sales fell 39% to $197.1 million. Operating profit for the first quarter was $6 million, down ...
