Barnes Group’s Sales Rise 3% - Modern Distribution Management

Log In

Barnes Group’s Sales Rise 3%

Company reports strong results in aerospace segment; separately, announces acquisition of gas springs business.

Barnes Group Inc. (NYSE: B), Bristol, CT, an international industrial and aerospace manufacturer and service provider, reported sales of $375 million for the second quarter of 2018, up 3% compared to the prior-year period. The company reported net income of $49.4 million for the quarter.

Sales in its industrial segment were $249.6 million, down 1 percent compared to the prior-year period. Sales in its aerospace segment were $125.7 million, up 12 percent compared to the prior-year period. Aerospace original equipment manufacturing sales increased 7 percent while aftermarket sales increased 21 percent from continuing growth in maintenance, repair and overhaul, and spare parts sales, the company said.

Separately, Barnes Group said it has acquired Industrial Gas Springs Group Holdings Limited, which designs, manufactures and supplies customized gas springs. IGS is based in the United Kingdom with distribution and assembly capabilities in the United States.


Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.