Barnes Distribution Sales Jump 11% in 2Q
Group Inc. sales grew 10% to $308.9 million in the quarter ended June 30,
2006. Profit for the second quarter was $18 million, up slightly from the $17.6
million reported in the same period last year.
Sales at Barnes Distribution were $125.5 million in the
second quarter of 2006, up 11% from $113.3 million in the same quarter last
year. Driving sales growth were increases in Barnes Distribution North America,
up 6%, as a result of increases in Corporate Accounts, up 11%, and Tier II, up
33%, along with increased selling prices. In addition, Barnes Distribution
Europe and Barnes Distribution Raymond, up 39% and 32%, respectively, were
bolstered by the Toolcom and SPD ...