Barnes Group Reports First Quarter 2011 Financial Results

Barnes Group B today reported financial results for the first quarter 2011. Net sales grew 15 percent to $318.8 million from $278.1 million in the first quarter of 2010. Net income for the first quarter was up 61 percent to $19.1 million, or $0.34 per diluted share, from $11.8 million, or $0.21 per diluted share, a year earlier.