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 Group Sales Up 14% in 2007
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 …
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