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Actionable news in B: BARNES GROUP Inc,

Barnes Group Inc. /

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Barnes Group Inc.

123 Main Street

Bristol, CT 06010

NEWS RELEASE

BARNES GROUP INC. REPORTS

FIRST QUARTER 2016 FINANCIAL RESULTS

Sales of $288 million, down 4%; Organic Sales down 7%

Operating Margin of 14.4%; Adjusted Operating Margin of 14.7%, down 20 bps

Diluted EPS of $0.53, up 2%; Adjusted Diluted EPS of $0.54, up 2%

2016 Adjusted Diluted EPS Guidance Unchanged at $2.43 to $2.58; up 2% to 8% from $2.38 in 2015

Updates OEM Sales per Aircraft for Airbus A320neo with LEAP Engines

Earnings Conference Call and Webca st to be held tomorrow, April 26, 2016 at 8:30 a.m. ET

BRISTOL, Conn., April 25, 2016

- Barnes Group Inc. (NYSE: B), an international industrial and aerospace manufacturer and service provider, today reported financial results for the first quarter of 2016.

Net sales of $288 million were down 4% from $301 million in the prior year period. Foreign exchange negatively impacted sales by 1%, while the Thermoplay and Priamus acquisitions collectively contributed $12.1 million. Organic sales

decreased 7%. Net Income for the first quarter was $28.8 million, or $0.53 per diluted share, compared to $29.1 million, or $0.52 per diluted share, last year. On an adjusted basis, net income was $0.54 per diluted share, up 2% from $0.53 a year ago. Adjusted diluted net income in the first quarter of 2016 excludes costs related to a contract termination dispute of $0.01 per share, while last year’s first quarter excludes the impact of Männer short-term purchase accounting adjustments of $0.01 per share.

A table reconciling 2016 and 2015 non-GAAP adjusted results presented in this release to the Company’s GAAP results is included at the end of this press release.

“Barnes Group achieved first quarter financial performance that was in-line with our expectations. The Industrial segment delivered sequential sales improvement over the last quarter, while each of its SBUs delivered sequential orders improvement,” said Patrick J. Dempsey, President and Chief Executive Officer of Barnes Group Inc. “At the Aerospace segment, we continue to experience a transitional year as we move from legacy engine programs to new programs, the latter of which is producing good order intake and an increase in backlog. Overall, we continue to believe that, while the second half of 2015 foreshadows a slower growth environment for the current year, the business investments we’ve made and the cost actions we’ve taken position us well for a good year in 2016,” added Dempsey.

Barnes Group Inc. /

First quarter 2016 sales were $195.2 million, down 3% from $200.3 million in the same period last year. Unfavorable foreign exchange reduced sales by approximately $2.9 million, or 1%. Organic sales decreased by 7% in the quarter, primarily driven by lingering soft transportation and tool & die end-markets in Asia and industrial end-markets in North America, though partially offset by continued strength in personal care end-markets of our Molding Solutions business. For the quarter, the recently acquired Thermoplay and Priamus businesses together contributed $12.1 million in sales.

Operating profit in the first quarter was $29.6 million, compared to $31.0 million in the prior year period. The decline in operating profit was driven by the reduced sales volumes, offset in part by favorable productivity. Excluding Männer short-term purchase accounting adjustments last year, operating profit was down 7% from an adjusted $31.8 million a year ago. Operating margin was 15.2%, down 70 bps from an adjusted 15.9% last year.

First quarter 2016 sales were $93.1 million, down 7% from $100.2 million in the same period last year. The decline was primarily driven by lower Aerospace original equipment manufacturing (“OEM”) and aftermarket maintenance, repair and overhaul (“MRO”) sales, though partially offset by higher spare parts sales.

Operating profit was $11.9 million for the first quarter of 2016, compared to $12.9 million in the prior year period. The operating profit decrease was primarily due to lower profit on reduced sales volumes in the OEM business, unfavorable productivity, and $0.8 million in costs related to a contract termination dispute. Excluding the contract termination costs, adjusted operating profit was $12.7 million, down 2% from a year ago. Adjusted operating margin was 13.6%, up 70 bps from last year.

Aerospace backlog was $592 million at the end of the first quarter of 2016, up 9% year-over-year and up 4% sequentially from year-end 2015.

Additional Information

Interest expense increased $0.3 million to $3.0 million in the quarter primarily as a result of a higher average interest rate versus a year ago.

The Company's effective tax rate for the first quarter of 2016 was 24.7% compared with 29.2% in the first quarter of 2015 and 23.2% for the full year 2015. The increase in the first quarter of 2016 effective tax rate from the full year 2015 rate is primarily due to the expiration of certain tax holidays, the absence of the 2015 tax refund of withholding taxes and the projected change in the mix of earnings attributable to higher-taxing jurisdictions, partially offset by the decrease in planned repatriation of a portion of current year foreign earnings to the U.S.

Updated 2016 Outlook

Barnes Group continues to expect 2016 organic revenue growth of 0% to 2% with total revenue growth of 2% to 4% after consideration of 1% unfavorable foreign exchange and a positive 3% from acquisition revenues. Adjusted operating margin is now forecasted to be in the range of 16% to 16.5%, narrowed slightly from the Company’s prior outlook of 16% to 17%. Barnes Group continues to expect adjusted earnings in the range of $2.43 to $2.58 per diluted share, up 2% to 8% from $2.38 in 2015. Further, the Company continues to anticipate capital expenditures of approximately $50 million and cash conversion

to approximate 100% of net income. For 2016, the effective tax rate is expected to be in the range of 26% to 27%, modified slightly from the Company’s prior outlook of 27% to 29%.

OEM Sales per Aircraft Update

The Company has completed a review of the OEM sales per aircraft of its major programs. The review was undertaken after it was determined that the LEAP powered A320neo sales per aircraft the Company had previously provided warranted a change. While the previous estimate of $400,000 sales per aircraft is accurate for 2016, a range of $200,000 to $250,000 is appropriate for subsequent years based on current information. A slide providing updated information will be available in the Earnings Supplement to be posted on Barnes Group’s Investor Relations website on Tuesday, April 26, 2016, prior to the start of the call.

Updated Conference Call Information

Barnes Group Inc. will conduct a conference call with investors to discuss the Company’s performance in the first quarter and the outlook for the business in the full year 2016, including a discussion of its updated OEM sales per aircraft at 8:30 a.m. ET tomorrow, April 26, 2016. The public may access the conference through a live audio webcast available on the Investor Relations section of Barnes Group’s website at

www.BGInc.com

. The conference is also available by direct dial at (877) 201-0168 in the U.S. or (647) 788-4901 outside of the U.S.; Conference ID 98676549. Supplemental materials will be posted to the Investor Relations section of the Company's website prior to the conference call.

In addition, the call will be recorded and available for playback from 12:00 p.m. (ET) on Tuesday, April 26, 2016 until 11:59 p.m. (ET) on Tuesday, May 3, 2016, by dialing (404) 537-3406; Conference ID 98676549.

The Company’s previously announced conference call and webcast for Friday, April 29, 2016 has been canceled.

Organic sales growth represents the total reported sales increase within the Company’s ongoing businesses less the impact of foreign currency translation and acquisition and divestitures completed in the preceding twelve months.

About Barnes Group

Founded in 1857, Barnes Group Inc. (NYSE: B) is an international industrial and aerospace manufacturer and service provider, serving a wide range of end markets and customers. The highly engineered products, differentiated industrial technologies, and innovative solutions delivered by Barnes Group are used in far-reaching applications that provide transportation, manufacturing, healthcare products, and technology to the world. Barnes Group’s skilled and dedicated employees around the globe are committed to achieving consistent and sustainable profitable growth. For more information, visit

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements often address our expected future operating and financial performance and financial condition, and often contain words such as "anticipate," "believe," "expect," "plan," "strategy," "estimate," "project," and similar terms. Among others, our sales outlook, backlog, aircraft utilization, demographics, exchange rate assumptions, sales per aircraft and guidance are all forward-looking statements. These forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements. These include, among others: difficulty maintaining relationships with employees, including unionized employees, customers, distributors, suppliers, business partners or governmental entities; failure to successfully negotiate collective bargaining agreements or potential strikes, work stoppages or other similar events; difficulties leveraging market opportunities; changes in market demand for our products and services; rapid technological and market

change; the ability to protect intellectual property rights; introduction or development of new products or transfer of work; higher risks in international operations and markets; the impact of intense competition; acts of terrorism, cybersecurity attacks or intrusions that could adversely impact our businesses; uncertainties relating to conditions in financial markets; currency fluctuations and foreign currency exposure; future financial performance of the industries or customers that we serve; our dependence upon revenues and earnings from a small number of significant customers; a major loss of customers; inability to realize expected sales or profits from existing backlog or consistent with projected sales per aircraft due to a range of factors, including changes in customer sourcing decisions, materials, material costs, part design, quantity of parts per engine, percentage of work directed to suppliers, engine spares, cost schedules, production schedules and volumes of specific programs; the impact of government budget and funding decisions; changes in raw material or product prices and availability; integration of acquired businesses; restructuring costs or savings; the continuing impact of prior acquisitions and divestitures, and any other future strategic actions, including acquisitions, divestitures, restructurings, or strategic business realignments, and our ability to achieve the financial and operational targets set in connection with any such actions; the outcome of pending and future legal, governmental, or regulatory proceedings and contingencies and uninsured claims; including the arbitration proceedings involving Triumph Actuation Systems - Yakima, LLC; future repurchases of common stock; future levels of indebtedness; numerous other matters of a global, regional or national scale, including those of a political, economic, business, competitive, environmental, regulatory and public health nature; and other risks and uncertainties described in documents filed with or furnished to the Securities and Exchange Commission ("SEC") by the Company, including, among others, those in the Management's Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors sections of the Company's filings. The Company assumes no obligation to update its forward-looking statements.

Contact:

William Pitts

Director, Investor Relations

860.583.7070

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per share data)

(Unaudited)

Three months ended March 31,

% Change

288,332

300,573

Cost of sales

186,255

198,355

Selling and administrative expenses

60,550

58,323

246,805

256,678

Operating income

41,527

43,895

Other expense (income), net

Income before income taxes

38,309

41,094

Income taxes

12,018

Net income

28,848

29,076

Common dividends

Per common share:

Basic

Diluted

Dividends

Weighted average common shares outstanding:

54,245,728

55,086,882

54,672,773

55,658,797

NM - Not Meaningful

OPERATIONS BY REPORTABLE BUSINESS SEGMENT

(Dollars in thousands)

Industrial

195,246

200,349

Aerospace

93,087

100,224

Intersegment sales

Total net sales

29,644

30,979

11,883

12,916

Total operating profit

Total operating margin

CONSOLIDATED BALANCE SHEETS

March 31, 2016

December 31, 2015

Assets

Current assets

Cash and cash equivalents

76,859

83,926

Accounts receivable

267,853

261,757

Inventories

211,123

208,611

Deferred income taxes

24,825

Prepaid expenses and other current assets

33,166

32,469

Total current assets

589,001

611,588

22,750

Property, plant and equipment, net

315,291

308,856

Goodwill

600,303

587,992

Other intangible assets, net

524,577

528,322

Other assets

24,917

23,969

Total assets

2,076,839

2,061,866

Liabilities and Stockholders' Equity

Current liabilities

Notes and overdrafts payable

22,680

Accounts payable

95,306

97,035

Accrued liabilities

130,929

131,320

Long-term debt - current

Total current liabilities

236,294

252,550

493,396

485,711

Accrued retirement benefits

96,871

112,888

63,549

62,364

Other liabilities

20,046

20,600

Total stockholders' equity

1,166,683

1,127,753

Total liabilities and stockholders' equity

CONSOLIDATED STATEMENTS OF CASH FLOWS

Operating activities:

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

18,786

19,122

Gain on disposition of property, plant and equipment

(1,334

Stock compensation expense

Withholding taxes paid on stock issuances

Changes in assets and liabilities:

Accounts receivable

(4,213

(13,777

Inventories

(6,229

Prepaid expenses and other current assets

(5,944

Accounts payable

Accrued liabilities

(13,493

Deferred income taxes

Long-term retirement benefits

(16,631

(2,878

Other

Net cash provided by operating activities

30,116

22,666

Investing activities:

Proceeds from disposition of property, plant and equipment

Capital expenditures

(13,297

(10,960

Business acquisitions

(1,546

Component Repair Program payments

Net cash used by investing activities

(15,430

(9,271

Financing activities:

Net change in other borrowings

(14,179

Payments on long-term debt

(69,013

(55,821

Proceeds from the issuance of long-term debt

76,503

26,722

Proceeds from the issuance of common stock

Common stock repurchases

(8,000

Dividends paid

(6,468

(6,571

Excess tax benefit on stock awards

(2,921

10,033

Net cash used by financing activities

(23,838

(11,342

Effect of exchange rate changes on cash flows

(2,470

Decrease in cash and cash equivalents

(7,067

Cash and cash equivalents at beginning of period

46,039

Cash and cash equivalents at end of period

45,622

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW

(Dollars in thousands)

Free cash flow:

Free cash flow

16,819

11,706

Notes:

(1) The Company defines free cash flow as net cash provided by operating activities less capital expenditures. The Company believes that the free cash flow metric is useful to investors and management as a measure of cash generated by business operations that can be used to invest in future growth, pay dividends, repurchase stock and reduce debt. This metric can also be used to evaluate the Company's ability to generate cash flow from business operations and the impact that this cash flow has on the Company's liquidity.

NON-GAAP FINANCIAL MEASURE RECONCILIATION

(Dollars in thousands, except per share data)

SEGMENT RESULTS

Operating Profit - Industrial Segment (GAAP)

Operating Profit - Industrial Segment as adjusted (Non-GAAP)

31,830

Operating Margin - Industrial Segment (GAAP)

Operating Margin - Industrial Segment as adjusted (Non-GAAP)

Operating Profit - Aerospace Segment (GAAP)

Contract termination dispute charges

Operating Profit - Aerospace Segment as adjusted (Non-GAAP)

12,699

Operating Margin - Aerospace Segment (GAAP)

Operating Margin - Aerospace Segment as adjusted (Non-GAAP)

CONSOLIDATED RESULTS

Operating Income (GAAP)

Operating Income as adjusted (Non-GAAP)

42,343

44,746

Operating Margin (GAAP)

Operating Margin as adjusted (Non-GAAP)

Diluted Net Income per Share (GAAP)

Diluted Net Income per Share as adjusted (Non-GAAP) (1)

Full-Year 2014

Full-Year 2015 Outlook

Restructuring charges

Tax benefit recognized for refund of withholding taxes

Acquisition transaction costs

Thermoplay short-term purchase accounting adjustments

Pension lump-sum settlement charges

(1) The Company has excluded charges related to a contract termination dispute from its "as adjusted" financial measurements in 2016 and 2015. The Company has also excluded the following from its "as adjusted" financial measurements for 2015 only: 1) short-term purchase accounting adjustments related to its Männer acquisition, 2) restructuring and workforce reduction charges, 3) a tax benefit recognized related to a refund of withholding taxes that were previously paid and included in tax expense in prior years, 4) transaction costs related to its Thermoplay and Priamus acquisitions, 5) short-term purchase accounting adjustments related to its Thermoplay acquisition and 6) the pension lump-sum settlement charge. Management believes that these adjustments provide the Company and its investors with an indication of our baseline performance excluding items that are not considered to be reflective of our ongoing results. Management does not intend results excluding the adjustments to represent results as defined by GAAP, and the reader should not consider it as an alternative measurement calculated in accordance with GAAP, or as an indicator of the Company's performance. Accordingly, the measurements have limitations depending on their use.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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