www.HartfordBusiness.com • December 11, 2017 • Hartford Business Journal 13
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, serving
a wide range of
end markets and
customers.
2014 2015 2016
0.0
0.3
0.6
0.9
1.2
1.5
In
billions
of
dollars
Profits Revenues
$118.37M
$121.38M
$135.60M
$1.26B
$1.19B
$1.23B
News Headlines
■ ■ From 2014 to 2016, Barnes Group's
revenues remained relatively flat, while the
company's profits climbed steadily by 15
percent to $135.6 million in 2016.
■ ■ In March, Barnes Group entered into
an agreement to acquire privately held
Gammaflux L.P., of Sterling, Va. Gammaflux
supplies temperature and valve gate control
systems to the plastics industry.
■ ■ A former top executive at Barnes
Group , Richard Barnhart, was recently
named the president of Bloomfield-based
Kaman Aerospace Group.
Corporate suite
Stock Non-equity
Exec. Salary Bonus Awards Incentive Total
Patrick J. Dempsey
President/CEO $800,000 $0 $3,054,284 $670,103 $6,169,666
Christopher J. Stephens Jr.
CFO/Sr. VP Finance $461,000 $0 $670,851 $257,431 $1,761,197
Michael A. Beck
Sr. VP and Pres., Barnes Aerospace $325,000 $55,000 $950,214 $85,007 $1,673,282
Profits and Revenues
Patrick J. Dempsey,
CEO
Fact box
Industry: Industrial goods
3Q 2017 Revenue: $357.2M
3Q 2017 Net Income: $35.3M
3Q 2016 Net Income: $36.8M
Quarterly Profit Change: ($1.5M)
Cash: $134.4M
Employees: 5,036
Competitors: ATI Ladish LLC
Chromalloy Gas Turbine LLC
United Technologies Corp.
Stock watch
Ticker Symbol B
Market Cap $3.5B
52 Week Range Price $45.47-$73.84
Outstanding Shares 53.61M
Top institutional investors
Shares % Stake
Blackrock Inc. 6,227,248 11.62
Bank of America 5,347,477 9.97
Vanguard Group Inc. 4,716,974 8.8
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