Barnes Distribution, North America, a business of Barnes Group Inc. is expanding its stainless steel fasteners product line by nearly 50 percent, adding more than 1,200 new items to its stocked inventory.
The MRO supplies distributor offers more than 750,000 products, including 2,000 in-line stainless steel fasteners, to its customers ranging from food processors to chemical plants to pharmaceutical markets.
New stainless steel items added to the product line include hex head cap screws, socket head cap screws, socket set screws, lock washers and machine screws in standard, fractional and metric sizes. The product expansion also introduces pre-packaged product assortments.
The enhancement to the stainless steel fastener line further expands Barnes’ …
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Barnes Group Inc., Bristol, CT, recorded a loss of $10 million for the fourth quarter 2008, as compared to profit of $17.6 million for the same period 2007. Sales for the quarter declined 25% to $265.4 million.
For the full year, sales were $1.36 billion, down 4% from 2007. Profit was down 14.2% to $87 million.
Fourth quarter sales in Logistics and Manufacturing Services were $146 million, down 16% from the same period last year. Operating profit was $5.4 million, compared with $12.5 million in the fourth quarter of 2007. Sales declines were driven primarily by slowing customer demand in North American and Europe.
Full year segment sales were $691.8 million, down 2%.
Precision Component fourth quarter sales dropped 34% in …
MRO distributor Barnes Distribution, a business of Barnes Group Inc., is launching a green products catalog.
Many of our customers are trying to reduce toxicity levels within their facilities while others have embraced ‘greener’ initiatives to be more environmentally responsible, said David Nagle, president, Barnes Distribution, North America. “We developed this catalog to centralize all of our environmentally friendly products to respond to customer needs.”
The 270 products sold in the catalog have low or no volatile organic compounds (VOC), no hazardous air pollutants or ozone-depleting chemicals, and no SARA reportable ingredients. Products in the catalog include Barnes Distribution High Solid Paints, which emit less VOCs …
Barnes Group Inc., Bristol, CT, an international aerospace and industrial components manufacturer and logistical services company, reported several actions undertaken in 2008 to address deteriorating economic conditions and improve performance of its global business segments.
During the fourth quarter of 2008 our entire organization continued to proactively anticipate and adapt to the unprecedented changes affecting all of our businesses as a result of the tumultuous economy, said Gregory F. Milzcik, president and CEO. “Given the deceleration in global demand for our products and services we took numerous actions to improve our overall cost structure, enhance our manufacturing footprint, and strengthen our global operations.
A freeze on all …
Barnes Group Inc., Bristol, CT, international aerospace and industrial components manufacturer and logistical services company, has sold several of its units in the UK.
The UK Motalink business, Corsham, England, was sold, as well as certain assets of its UK direct sales to car dealerships unit, and the systems and catalog unit.
These were all a part of the company’s Logistics and Manufacturing Services segment in Europe.
The Logistics and Manufacturing Services management team in Europe is also exiting the Corsham facility, eliminating the telesales and back office functions currently at the site. The Toolcom, UK, and the Kent, UK, businesses will not see any impact. The Dunfermline, UK, site will continue to support the Toolcom and Kent …
Barnes Group Inc., Bristol, CT, an international aerospace and industrial components manufacturer and logistical services company, reported third quarter 2008 profit of $28.9 million, an 4.6% increase over the prior year third quarter. Sales declined 6.5% for the quarter to $337 million.
For the nine months ended Sept. 30, 2008, sales increased 2.6% to $1.1 billion in a year-over-year comparison. Profit for the period was $97 million, up 15.9%.
Barnes Distribution sales dropped 6.4% to $123.5 million in the third quarter of 2008. Organic sales decreased $9.6 million, or about 7%. Lower sales were driven by softening in the North American transportation and manufacturing-related segments, and lower organic sales in Europe.
Operating profit for the …
Barnes Distribution, distributor of maintenance, repair, operating and production supplies and a business of Barnes Group Inc., launched its new master catalog, adding more than 4,200 new products to its regularly stocked items. The new products are in the welding, hose and fittings categories.
We’re tailoring our product line to customers of our Vendor Managed Inventory services,”Brian Koppy, of Barnes’investor relations and communications, says. The addition of products in welding, hose and fittings also reinforces the vertical marketing strategy the company announced last year in the transportation, manufacturing, government and natural resources markets.
“As part of our market segmentation strategy, we are focusing on fewer market segment,”Koppy says. …
Barnes Distribution, distributor of maintenance, repair, operating and production supplies and a business of Barnes Group Inc., launched its new master catalog today, adding more than 4,200 new products to its regularly stocked items.
New features in the catalog include a welding section and a redesigned fittings and hose section.
The addition of these products reinforces the vertical marketing strategy the company announced last year in the transportation, manufacturing, government and natural resources markets, according to a news release.
Barnes Distribution is a distributor of maintenance, repair, operating and production supplies. It includes operations in more than 40 …
Barnes Group Inc., Bristol, CT, aerospace and industrial components manufacturer and distributor, reported second quarter 2008 revenues were up 6% to $382.9 million driven by strong demand in the aerospace manufacturing and aftermarket businesses and international industrial businesses.
Profit was $34.6 million, a 22% increase.
Barnes Aerospace sales were $114.4 million in the second quarter, an increase of 24% from the prior-year period. Second quarter sales reflect growth of 30% in aftermarket sales. Barnes Group reports it remains optimistic about continued growth of the aerospace sector even though industry dynamics including higher fuel prices and recently announced plans to retire older aircraft have created additional levels of caution.”
Growth …
Barnes Group Inc., Bristol, CT, aerospace and industrial components manufacturer and distributor, reported sales in 2007 grew 14% to $1.44 billion, and profit was up 37%.
Sales in the fourth quarter were $358.9 million, an increase of 9%. Sales increase reflected $19.4 million of organic sales growth at Barnes Aerospace. Profit for the quarter was down 5% to $17.6 million.
Barnes Distribution saw sales of $128.5 million in the fourth quarter of 2007, a decline of approximately 1% over the fourth quarter of 2006. Barnes Distribution’s organic sales decreased $5.7 million, or approximately 4%. The lower organic sales were due to softness in certain markets in North America, primarily the construction support and transportation related markets, and to the short-term …
Barnes Aerospace, a business segment of Barnes Group Inc., has entered into a new aftermarket Revenue Sharing Program Agreement with General Electric Company. Similar to Barnes Aerospace’s other aftermarket RSPs that provide the exclusive right to supply designated aftermarket parts to GE for the life of the related engine program, this agreement relates to spare parts for the CFM56 and CF6 engine families.
Revenue Sharing Programs are excellent complements to our aftermarket maintenance, repair and overhaul operations and strengthen our portfolio across the stages of an engine’s life cycle,”said Gregory F. Milzcik, President and Chief Executive Officer, Barnes Group Inc.
The CFM56 engine powers short-, medium- and long-range aircraft. Twelve different …
Barnes Group Inc., Bristol, CT, aerospace and industrial components manufacturer and distributor, reported third quarter 2007 sales of $360.4 million, an increase of 11.9%.
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The sales increase reflected $25.4 million of organic sales growth primarily at Barnes Aerospace. Acquisition-related growth contributed $6.8 million due to the KENT acquisition within Barnes Distribution. Foreign currency translation favorably impacted sales by approximately $6.2 million in 2007.
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Profit was $27.7 million, up 46.7% from the prior-year period.
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Barnes Aerospace
Barnes Aerospace generated sales of $103.2 million in the third quarter 2007, an increase of 33.6%. The third quarter 2007 sales increase reflects growth of 36.3% in aftermarket sales. …
Barnes Group Inc., Bristol, CT, has named Patrick J. Dempsey as president of Barnes Distribution. Dempsey was the president of Barnes Aerospace and a vice president of Barnes Group. He replaces Idelle K. Wolf, who is retiring. Dempsey takes the helm immediately.
Dempsey joined Barnes Group in 2000 as president of Barnes Aerospace’s Windsor Airmotive Division, its worldwide maintenance and repair operation. In 2003, Mr. Dempsey was named group vice president, operations of Barnes Aerospace. In 2004, the Board of Directors appointed him president of Barnes Aerospace.
Barnes Group consists of three businesses: Barnes Aerospace, Barnes Distribution and Barnes Industrial. It has 65 locations …
Barnes Group Inc., Bristol, CT, reported sales increased 16% to $360 million in the second quarter ended June 30, 2007. Profit was up 58%.
Sales at Barnes Aerospace were $92.4 million in the second quarter 2007, up 25% as original equipment manufacturer sales of $62.3 million grew 21% and aftermarket sales of $30.1 million were up 36%.
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Sales at Barnes Distribution were $150.7 million in the second quarter of 2007, up 20%, including $22.2 million of incremental sales from the KENT acquisition and organic sales growth of $1.3 million. The modest increase in organic sales is primarily a result of Corporate and Tier II account sales increases of 10% and 24%, respectively. Operating income at Barnes Distribution was $7.5 million in the second quarter, down 16% from …
The Barnes Distribution business segment of Barnes Group Inc. has opened an international sourcing center in Shanghai, China. The international sourcing center is in the Xujiahui District in Shanghai, the commercial capital of China.
China has a well-established supplier base for key products such as fasteners, electrical components, and various transportation product lines. The Shanghai sourcing center will complement Barnes’ previously established sourcing center in Taiwan.
Our continued efforts to service our customers as effectively and efficiently as possible will be enhanced with the opening of the international sourcing center in Shanghai,” said Idelle K. Wolf, President, Barnes Distribution. “Our presence in Shanghai will provide a competitive edge for Barnes …
Barnes Group, Bristol, CT, sales rose 20% to $361 million in the first quarter 2007. Profit was up 50% to $27.7 million from the year-ago period.
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Sales at Barnes Distribution were $152.5 million in the first quarter 2007, up 23% from $124.4 million in the same quarter a year ago, as a result of $22.7 million of incremental sales from the KENT acquisition and organic sales growth of $3.7 million.
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Organic sales grew in large part as a result of price increases and continued growth in Corporate and Tier II accounts. Foreign exchange positively affected sales by $1.7 million in the first quarter 2007.
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Sales at Barnes Aerospace were $91.2 million in the first quarter 2007, up 36% from the same period a year ago as original equipment …
Barnes Group Inc., Bristol, CT, has renamed its Associated Spring business segment Barnes Industrial. The Barnes Industrial business segment consists of six business units: Precision Forming; Retention Rings; Nitrogen Gas Products; Precision Valves; Engineered Springs; and Plastics. The Associated Spring brand will remain within the Engineered Springs SBU.
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The name change more accurately identifies the end markets and customers of the individual businesses within Barnes Industrial, according to a news release. The change to Barnes Industrial brings the name of the business segment in parallel with Barnes Group Inc.’s other two business segments -Barnes Aerospace and Barnes Distribution.
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Barnes Group is an international aerospace and industrial …
Barnes Group Inc., Bristol, CT, has acquired the assets of the Di-Dro Manifold Systems product line from Di-Dro Systems Inc. The Di-Dro Manifold System product line will be integrated into Barnes Group Inc.’s Associated Spring business segment.
The Di-Dro Manifold System product line is complementary to Associated Spring’s Nitrogen Gas Spring Manifold System product line. The addition of the Di-Dro Manifold System product line expands the company’s reach in high-quality gas springs for use in diverse industrial applications requiring high force and/or compact dimensions. Applications range from tool and die manufacturers, to industrial robots, to dump trucks to waste compressors around the world.
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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 …
