February 15, 2007

Barnes Distribution Sales Up 16% in 2006

Companies, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Barnes Group Inc. announced 2006 sales of $1.3 billion, up 14% from $1.1 billion in 2005. Profit was $73.8 million, up 54% from the year before.

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Sales for the fourth quarter were $328.8 million, up 19% from the prior-year period. Income was $18.5 million, up 83%.

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All three of Barnes’ business units recorded double-digit sales growth in the fourth quarter.

Full year 2006 sales at Barnes Distribution were $526.9 million, up 16% from $453.8 million in 2005.

Fourth quarter 2006 sales at Barnes Distribution were $141.6 million, up 26% from the same period last year. Driving the fourth quarter 2006 sales growth were broad-based increases in Barnes Distribution North America, including double-digit increases in …

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Rexnord Sales Up 7% in 3Q 2007

Electrical, Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Rexnord LLC, Milwaukee, WI, power transmission and water management products supplier, reported sales of $283.1 million for the third quarter ended Dec. 30, 2006, up 7% from the prior-year period. &nbsp ; Income from operations grew 8.3% over the prior year to $18.2 million.

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Sales were impacted by the accident Dec. 6 at its Canal Street facility and the business interruption by about $15 to $20 million in sales.

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Rexnord reported overall positive trends in its business, with solid end markets. Order growth in the third quarter was 4.6%, slightly lower than the first six months of the fiscal year. The backlog sits at $386.6 million, 26% higher than the beginning of the fiscal year.

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Since the end of the quarter, …

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Machine Tool Consumption Up 26.8% in 2006

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

December U.S. manufacturing technology consumption totaled $321.35 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 6.9% from November, and down 0.5% from the total of $322.81 million reported for&nbsp ; December 2005. With a year-end total of $3,889.75 million, 2006 was up 26.8% compared with 2005.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

2006 was an exceptional year, with the highest U.S. consumption since 2000, says John B. Byrd III, AMT President. Growth should continue in 2007, at a more modest pace, as …

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February 15, 2007

Barnes Distribution Sales Up 16% in 2006

Rexnord Sales Up 7% in 3Q 2007

Machine Tool Consumption Up 26.8% in 2006

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