Barnes Group Q3 2016 Earnings Release

Barnes Group reported third quarter 2016 earnings with total sales of $312 million, up 7%, driven by 4% organic sales growth and 3% growth from acquisitions. Adjusted operating margin improved 80 basis points to 17.4%, and adjusted EPS rose 16% to $0.71 per diluted share. The company maintained a total backlog of $897 million with strong free cash flow generation of $127 million year-to-date.