The 2020 Mid-Year Economic Update_long

Barnes Group Sales Up 18.4% in 1Q

Organic sales up 4 percent in first quarter.

Barnes Group Inc. (NYSE: B), Bristol, CT, an international industrial and aerospace manufacturer and service provider, reported sales for the first quarter of $312.1 million, an 18.4 percent increase year-over-year. Organic sales increased 4 percent. Profit for the quarter increased 68.9 percent to $22.8 million.

“Our individual businesses had varied starts to the year, yet overall results were solid," said Patrick Dempsey, president and CEO. "Additionally, the acquired Männer business delivered an excellent quarter."

Aerospace sales were $108.2 million, up 10.4 percent, with organic sales up 10 percent.

Industrial sales were $203.9 million, up 23 percent, with organic sales flat.The Männer business, acquired in October, provided $38 million of the sales increase.

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.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 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

1

article
left

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 mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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