The 2020 Mid-Year Economic Update_long

Barnes Group Sales Up 16% in 2014

Sales for the fourth quarter increased 7 percent.

Barnes Group Inc. (NYSE: B), Bristol, CT, an international industrial and aerospace manufacturer and service provider, reported sales for 2014 of $1.3 billion, up 15.6 percent from the prior year. Organic sales growth was 6 percent while acquisitions contributed 10 percent. Profit for the year decreased 56.2 percent to $118.4 million.

Fourth quarter sales were $310.2 million, an increase of 6.5 percent compared to the same period the previous year, driven by organic sales growth of 6 percent and one additional month of acquisition revenues from the Männer business versus the prior year period. Profit for the quarter increased 17.5 percent to $31.5 million.

Industrial sales for the fourth quarter were $198.2 million, up 7.9 percent compared to the same quarter a year ago, and full year sales were $822.1 million, up 19.6 percent compared to 2013. Aerospace sales were $112 million in the fourth quarter, up 4.3 percent year-over-year, and full year sales were up 8.9 percent from the prior year to $440 million.

“Our relentless focus on driving differentiated industrial technologies and innovative solutions to the customers and end markets we serve is fueling our growth engine and we look forward to carrying that momentum into 2015,” said Patrick J. Dempsey, president and CEO.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.


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


articles left

This is your last free article

Subscribe to MDM Premium today and 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.