The 2020 Mid-Year Economic Update_long

Barnes Group Sales Up 18% in 2013

Organic growth for the manufacturer was 4%.

Barnes Group Inc. (NYSE: B), Bristol, CT, an international industrial and aerospace manufacturer and service provider, reported sales for 2013 were $1.09 billion, up 18 percent from the prior year. Organic sales growth was 4 percent.

Profit for the year was $270.5 million.

In 2013, Barnes Group divested its distribution business to MSC Industrial Supply. 

Patrick J. Dempsey, president and CEO of Barnes Group, said: “Our Aerospace segment is well positioned to deliver on a favorable OEM market and to take advantage of a recovering aerospace aftermarket. And our Industrial segment generated 4 percent organic sales growth and improved profitability in 2013. As we exit 2013 with positive momentum, a record level of backlog, and favorable end-markets, we feel good about the prospects for continued profitable growth in 2014.”

Fourth-quarter 2013 sales increased 13 percent to $291.1 million from $258.2 million in last year’s fourth quarter, driven by organic sales growth of 5 percent and sales contribution from the recently acquired Männer business.

Profit for the quarter was $26.8 million.

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

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


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



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.