BRISTOL, Conn.--(BUSINESS WIRE)--July 15, 2004--Barnes Group Inc.
(NYSE: B) today provided for investors earnings guidance for the full
year 2004. Based on current market conditions, the Company believes
that it will earn between $1.60 and $1.65 per diluted share for the
year ending December 31, 2004.
Barnes Group will conduct a conference call with investors to
discuss second quarter 2004 results on Thursday, July 15, 2004 at
12:00 PM ET. A webcast of the live call, supporting materials and an
archived replay will be available on the Barnes Group investor
relations website (http://ir.barnesgroupinc.com).
Barnes Group Inc. (www.barnesgroupinc.com) is a diversified
international manufacturer of precision metal components and
assemblies and a distributor of industrial supplies, serving a wide
range of markets and customers. Founded in 1857 and headquartered in
Bristol, Connecticut, Barnes Group consists of three businesses with
2003 sales of $891 million: Associated Spring, one of the world's
largest manufacturers of precision mechanical and nitrogen gas springs
and a global supplier of retaining rings and injection-molded plastic
components; Barnes Aerospace, a manufacturer and repairer of highly
engineered assemblies and components for commercial and military
aircraft engines, airframes, and land-based industrial gas turbines;
and Barnes Distribution, an international, full-service distributor of
maintenance, repair and operating supplies. Over 5,800 dedicated
employees at more than 50 locations worldwide contribute to Barnes
Group Inc.'s success.
This release may contain certain forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially from those contained in
the statements. Investors are encouraged to consider these risks and
uncertainties as described within the Company's periodic filings with
the Securities and Exchange Commission, including the following: the
ability of the Company to integrate newly acquired businesses and to
realize acquisition synergies on schedule; changes in market demand
for the types of products and services produced and sold by Barnes
Group; the Company's success in identifying, and attracting customers
in, new markets; the Company's ability to develop new and enhanced
products to meet customers' needs timely; the effectiveness of the
Company's marketing and sales programs; increased competitive
activities that could adversely affect customer demand for the
Company's products; the availability of raw materials at prices that
allow the Company to make and sell competitive products; changes in
economic, political and public health conditions, worldwide and in the
locations where the Company does business; interest and foreign
exchange rate fluctuations; and regulatory changes.
CONTACT: Barnes Group Inc.
Investors:
Phillip J. Penn, 860-973-2126
Media:
Stephen J. McKelvey, 860-973-2132
SOURCE: Barnes Group
