Barnes Distribution Sales Climb
February 15
00:00
2008
Barnes Distribution Sales Climb
Jason Sandefur
Barnes Distribution sales, including fasteners, climbed 12.3% to $537.7 million during 2007, while operating profit was cut in half to $9.4 million.
During the fourth quarter of 2007 Barnes Distribution sales slipped 1%to $128.5 million. Distribution operating results included a $3.1 million loss during the period, compared to a $1.3 million profit during the final quarter of 2006.
Strong aerospace revenue helped full-year sales at parent company Barnes Group Inc. grow 14% to $1.44 billion, while net income rose 37% to $101.3 million. Web: barnesgroupinc.com �2008 FastenerNews.com
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