Barnes Group Inc. / 1

Exhibit 99.1

Barnes Group Inc.
123 Main Street
Bristol, CT 06010


Sales of $331 million, down 12% from last year; Organic Sales down 8%
Operating Income of $49.3 million; Adjusted Operating Income of $51.7 million, down 5%
Operating Margin of 14.9%; Adjusted Operating Margin of 15.6%, up 110 bps
GAAP EPS of $0.58; Adjusted EPS of $0.71, Unchanged from a Year Ago
Maintains Solid Financial Position with Sufficient Liquidity
2020 Full Year Outlook Remains Suspended; Provides Second Quarter Expectation

BRISTOL, Conn., April 24, 2020
- Barnes Group Inc. (NYSE: B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today reported financial results for the first quarter 2020.
“First quarter 2020 business performance unfolded ahead of our expectation, as record aerospace aftermarket sales and operating profit drove the results. However, during March, as the COVID-19 pandemic spread globally, we began to experience pressure in several of our end markets,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc. “Proactive management actions in the current environment, with the safety and well-being of our employees as the highest priority, successfully kept our manufacturing locations operational to support our customers with the essential products and services we provide,” added Dempsey.

First Quarter Highlights
First quarter 2020 net sales of $331 million were down 12% from $377 million in the prior year period, with organic sales (1) declining 8%. Divested Seeger sales had a negative impact of 3%, while foreign exchange had a negative impact of 1%. Operating income was $49.3 million versus $50.6 million a year ago. On an adjusted basis, which excludes $2.4 million of Seeger divestiture adjustments this year, and $4.0 million of Gimatic short-term purchase accounting adjustments last year, operating income was $51.7 million versus $54.6 million a year ago, a decrease of 5%. Adjusted operating margin was 15.6%, up 110 bps from 14.5% in the prior year period.
Interest expense was $4.3 million, a decrease of $0.8 million from the prior year period, primarily a result of decreased average borrowings and the benefit of a lower average interest rate.

Other expense was $1.6 million compared to $1.8 million a year ago, primarily a result of foreign currency gains this year versus a loss last year.

The following information was filed by Barnes Group Inc (B) on Friday, April 24, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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