www.HartfordBusiness.com • September 17, 2018 • Hartford Business Journal 21
Corporate
Profile
Barnes Group Inc.
123 Main St., Bristol
www.barnesgroupinc.com
Founded in 1857,
Barnes Group
Inc. is an interna-
tional industrial and
aerospace manu-
facturer and service
provider.
2015 2016 2017
$0
$300
$600
$900
$1,200
$1,500
In
millions
of
dollars
Profits Revenues
$121.3M
$135.6M
$59.4M
$1.2B $1.2B
$1.4B
News Headlines
■ ■ In July, Barnes Group Inc. announced
it acquired Industrial Gas Springs, a
U.K.-based designer, manufacturer and
supplier of customized gas springs, for an
undisclosed sum.
■ ■ Tom Barnes, chairman of the Barnes
Group, was named a 2018 Lifetime
Achievement Award winner by the Hartford
Business Journal.
■ ■ Barnes Aerospace, a business unit of
Barnes Group, said in February that it was
investing more than $20 million to expand
manufacturing operations in Singapore.
Corporate suite
Stock Non-equity
Exec. Salary Bonus Awards Incentive Total
Patrick J. Dempsey
President/CEO $818,750 $0 $3,280,279 $1,496,138 $8,506,969
Christopher J. Stephens Jr.
CFO/Sr. VP Finance $471,500 $0 $706,698 $574,275 $2,211,940
Scott A. Mayo
SVP and President, Barnes Industrial $436,250 $0 $469,128 $401,280 $1,444,679
Profits and Revenues
Fact box
Industry: Industrial goods
2Q 2018 Revenue: $375.3M
2Q 2018 Net Income: $49.4M
2Q 2017 Net Income: $45M
Quarterly Profit Change: $4.4M
Cash: $120.5M
Employees: 5,375
Competitors: ATI Ladish LLC
Chromalloy Gas Turbine LLC
United Technologies Corp.
Stock watch
Ticker Symbol B
Market Cap $3.5B
52 Week Range Price $52.42-$73.84
Outstanding Shares 53.61M
Top institutional investors
Shares % Stake
Blackrock Inc. 6,292,106 11.85
Bank of America Corp. 5,180,286 9.76
Vanguard Group Inc. 4,756,577 8.96
Patrick J. Dempsey,
President & CEO
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