Barnes Group Inc. / 1

b1a.jpg
Exhibit 99.1



Barnes Group Inc.
123 Main Street
Bristol, CT 06010
NEWS RELEASE

BARNES GROUP INC. REPORTS
FOURTH QUARTER AND FULL YEAR 2020
FINANCIAL RESULTS
Fourth Quarter 2020:
Sales of $289 million, down 22% versus prior year period; Organic Sales down 21%
Operating Margin of 11.3%; Adjusted Operating Margin of 11.4%, down 580 bps
GAAP EPS of $0.35; Adjusted EPS of $0.36, down 58% versus prior year period
Full Year 2020:
Sales of $1,124 million, down 25% from 2019; Organic Sales down 22%
Operating Margin of 11.0%; Adjusted Operating Margin of 12.8%, down 360 bps
GAAP EPS of $1.24; Adjusted EPS of $1.64, down 49% from 2019
2021 Outlook:
2021 Organic Sales Growth of +6% to +8%
2021 Adjusted EPS of $1.65 to $1.90; Approximately Flat to Up 16% from 2020 Adjusted EPS of $1.64

BRISTOL, Conn., February 19, 2021
— Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the fourth quarter and full year 2020.
“Barnes Group delivered sequentially improved financial results in the fourth quarter and exceeded the high-end of our adjusted EPS outlook. After the historic disruption of business brought on by the global COVID-19 pandemic, the Company’s cost management and cash generation focus of 2020 is shifting to restarting our growth engine, as Industrial end markets are improving and Aerospace end markets are beginning to stabilize,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc. “While continuing impacts of the pandemic remain and will be managed, our 2021 focus has returned to growth, with an emphasis on driving innovation and digital initiatives across the organization,” added Dempsey. “We envision elevated investment in these initiatives as we position the Company to best leverage the future economic recovery.”





The following information was filed by Barnes Group Inc (B) on Friday, February 19, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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