Barnes Group Inc. / 1


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Exhibit 99.1



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


BARNES GROUP INC. REPORTS
FOURTH QUARTER AND FULL YEAR 2019
FINANCIAL RESULTS

Fourth Quarter 2019:
Sales of $370 million, down 4% from last year; Organic Sales down 4%
Operating Margin of 16.5%; Adjusted Operating Margin of 17.2%, up 190 bps
GAAP EPS of $0.80; Adjusted EPS of $0.86, up 2% versus prior year period

Full Year 2019:
Sales of $1,491 million, down slightly from 2018; Organic Sales down 2%
Record Operating Income of $236.4 million; Adjusted Operating Income of $244.1 million, up 2%
Operating Margin of 15.9%; Adjusted Operating Margin of 16.4%, up 40 bps
GAAP EPS of $3.07; Adjusted EPS of $3.21, down slightly from 2018

2020 Outlook:
2020 Organic Sales Growth of 1% to 3%
2020 Adjusted Net Income of $3.12 to $3.32 per Share; Down 3% to up 3% from 2019 Adjusted Net Income of $3.21 per Share

BRISTOL, Conn., February 21, 2019 - 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 2019.
“End market trends experienced throughout the year endured into the fourth quarter, as a weak global industrial manufacturing environment and lingering trade uncertainties unfavorably impacted revenues in our Industrial business, while sustained strength in Aerospace provided a partial offset. Evident in our 2019 performance is the power of our transformed portfolio, which allowed us to generate one of the best financial years in Barnes Group’s long history,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc. “As a Company, we generated record operating profit in 2019 and increased operating margins over the previous year. Aerospace led the way with record sales and operating profit. With solid backlog in place, and an energized workforce, we anticipate another good year in 2020,” added Dempsey.




The following information was filed by Barnes Group Inc (B) on Friday, February 21, 2020 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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