Bristol-based Barnes Group Inc., an aerospace and industrial components manufacturer, reported a net income of $33.4 million for the first quarter, a 21 percent increase over last year.
The company’s net sales increased 8 percent in the quarter to $388.6 million from $360.7 million in Q1 2007.
“Our record first quarter results demonstrate the success we are achieving in executing our strategies. We will continue to make progress in delivering on our growth strategies,” Gregory, F. Milzcik, president and CEO of Barnes Group inc., said in a statement.
