The 2020 Mid-Year Economic Update_long

Barnes Group Sales Up 3% in 2016

Sales for the fourth quarter increased 13 percent.

Barnes Group Inc. (NYSE: B), Bristol, CT, an international industrial and aerospace manufacturer and service provider, reported sales for 2016 of $1.2 billion, up 3 percent from the prior year. Profit for the year was $135.6 million, up 11.7 percent from a year ago.

Fourth-quarter sales were $324 million, up 12.9 percent compared to the same period the previous year. Profit for the fourth quarter increased 50.4 percent to $36.7 million.

Industrial sales for 2016 were $824.2 million, up 5 percent from last year. Industrial sales for fourth quarter were $215.7 million, up 13 percent from the same quarter a year ago. Aerospace sales for 2016 were $406.5 million, down 1 percent from 2015. Aerospace sales for fourth quarter were $108.5 million, up 12 percent year-over-year.


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