The 2020 Mid-Year Economic Update_long

Barnes Group’s Q4 Sales Down 4%

Annual sales were down slightly.

Barnes Group Inc. (NYSE: B), Bristol, Connecticut, reported fourth-quarter sales of $370 million, down 4% compared to the fourth quarter of 2018. Net income for the fourth quarter was $41 million, up 5.5% over a year ago.

Industrial fourth quarter sales were $230.9 million, down 9% from $255.1 million in the prior year period. 

Aerospace fourth quarter sales were $139.3 million, up 8% from $129.1 million in the same period last year.

For the full year, Barnes Group reported Sales of $1.5 billion, down slightly from 2018. Organic Sales were down 2%. Net income for the year was $158.4 million, compared to $166.2 million a year ago.

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