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 Distribution Sales Grow 23% in 1Q
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.
  ;
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.
  ;
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.
  ;
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 …
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