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 2017
FINANCIAL RESULTS

Fourth Quarter 2017:
Sales of $373 million, up 15% from last year’s fourth quarter; Organic Sales up 10%
Operating Margin of 13.3%; Adjusted Operating Margin of 13.7%, down 230 bps
GAAP EPS of ($1.10) including a $1.79 charge for new U.S. tax legislation
Adjusted EPS of $0.71, up 6% versus prior year
Full Year 2017:
Sales of $1,436 million, up 17% from 2016; Full Year Organic Sales up 11%
Operating Margin of 14.6%; Adjusted Operating Margin of 14.8%, down 120 bps
GAAP EPS of $1.09 including a $1.77 charge for new U.S. tax legislation
Adjusted EPS of $2.88, up 14% from 2016
2018 Outlook:
2018 Expected Sales Growth of 4% to 6%; Organic Sales Growth of 3% to 5%
2018 Adjusted Net Income of $2.98 to $3.13 per Share; Up 3% to 9% from 2017 Adjusted Net Income of $2.88 per Share

BRISTOL, Conn., February 16, 2018
- Barnes Group Inc. (NYSE: B), a global provider of highly engineered products and differentiated industrial technologies, today reported financial results for the fourth quarter and full year 2017.
Fourth quarter 2017 net sales of $373 million were up 15% from $324 million in the prior year period driven by strong organic sales growth (1) of 10%. Foreign exchange favorably impacted sales by approximately 4% while acquisition sales contributed 1%. Net loss for the fourth quarter was ($59.2) million, or ($1.10) per diluted share, compared to net income of $36.7 million, or $0.67 per diluted share, a year ago. In the fourth quarter of 2017, the Company recorded a charge of $96.7 million related to the new U.S. tax legislation. On an adjusted basis, net income was $0.71 per diluted share, up 6% from $0.67 last year. Adjusted net income per diluted share in the fourth quarter of 2017 excludes a $1.79 charge related to new U.S. tax laws and $0.02 per share related to restructuring actions within our Industrial Segment. Fourth quarter 2016 adjusted net income per share excludes $0.03 of FOBOHA short-term purchase accounting adjustments in our Industrial Segment and a $0.03 benefit related to a contract termination dispute in our Aerospace Segment.




The following information was filed by Barnes Group Inc (B) on Friday, February 16, 2018 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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