EX-99.1 2 exhibit991segmentrealignme.htm FINANCIAL SUPPLEMENT DATED APRIL 20, 2012 Exhibit 99.1 Segment Realignment Website Supplement


Exhibit 99.1



Financial Supplement
2008 and 2009 (Full Year)
2010 and 2011 (Quarters and Full Year)

Financial Results Adjusted for Segment Realignment

(Unaudited)

April 20, 2012















Barnes Group Inc.
Financial Supplement
2008 and 2009 (Full Year) and 2010 and 2011 (Quarters and Full Year) Financial Results Adjusted for Segment Realignment



During the first quarter of 2012, the Company announced the realignment of its business units into three reportable segments: Aerospace, Industrial and Distribution.

The attached schedules detail the retrospective adjustments of the 2008 and 2009 segment information on a full year basis as well as the 2010 and 2011 segment information on a quarterly and full year basis.

Segment information will be reported under the realigned structure beginning with the Company's first quarter 2012 Form 10-Q.






















 
 
 
 
 
This document is supplemental to the Company’s prior earnings releases as well as the previously released Financial Supplement dated February 14, 2012 (which was included in the Current Report on 8-K filed on February 14, 2012) and should be read in conjunction with the Company’s 2008, 2009, 2010 and 2011 Forms 10-K and the 2010 and 2011 Forms 10-Q filed with the Securities and Exchange Commission.





Barnes Group Inc. Financial Results Adjusted for Segment Realignment
 
 
 
 
Unaudited
 
 
 
 
 
 
 
Dollars in thousands
 
 
 
 
 
 
 
 
2008
 
2009
Segment Information
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
Net Sales
 
 
 
 
 
 
 
 
Precision Components
$
682,991

 
 
 
$
501,467

 
 
 
Logistics & Manufacturing Services
561,874

 
 
 
428,333

 
 
 
Aerospace
 
 
$
408,186

 
 
 
$
344,427

 
Industrial
 
 
421,284

 
 
 
277,629

 
Distribution
 
 
412,249

 
 
 
305,834

 
Intersegment Sales
(12,669
)
 
(9,523
)
 
(6,447
)
 
(4,537
)
Total Net Sales
$
1,232,196

 
$
1,232,196

 
$
923,353

 
$
923,353

 
 
 
 
 
 
 
 
Operating Profit
 
 
 
 
 
 
 
 
Precision Components
$
67,200

 
 
 
$
14,752

 
 
 
Logistics & Manufacturing Services
86,142

 
 
 
48,723

 
 
 
Aerospace
 
 
$
78,586

 
 
 
$
63,615

 
Industrial
 
 
35,070

 
 
 
(7,786
)
 
Distribution
 
 
39,686

 
 
 
7,646

Total Operating Profit
$
153,342

 
$
153,342

 
$
63,475

 
$
63,475

 
 
 
 
 
 
 
 
Operating Margin
 
 
 
 
 
 
 
 
Precision Components
9.8
%
 
 
 
2.9
%
 
 
 
Logistics & Manufacturing Services
15.3
%
 
 
 
11.4
%
 
 
 
Aerospace
 
 
19.3
%
 
 
 
18.5
 %
 
Industrial
 
 
8.3
%
 
 
 
(2.8
)%
 
Distribution
 
 
9.6
%
 
 
 
2.5
 %
 
 
 
 
 
 
 
 
 
Notes:
 
 
 
 
 
 
 
 
(1
)
Represents previously reported financial information which was adjusted on a retrospective basis to reflect the results of the Barnes Distribution Europe businesses ("BDE") as discontinued operations as a result of the sale of BDE in the fourth quarter of 2011. This financial information was previously presented in the Company's 2011 Form 10-K and/or the Financial Supplement dated February 14, 2012.
 
 
 
 
 
 
 
 
 
 
(2
)
Represents "As Presented" or "As Reported" financial information adjusted on a retrospective basis to reflect the segment realignment.




Barnes Group Inc. Financial Results Adjusted for Segment Realignment
 
 
 
 
 
 
 
 
Unaudited
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Q1 2010
 
Q2 2010
 
Q3 2010
 
Q4 2010
 
2010 Full Year
Segment Information
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
Net Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
$
145,781

 
 
 
$
146,604

 
 
 
$
154,012

 
 
 
$
149,514

 
 
 
$
595,911

 
 
 
Logistics & Manufacturing Services
107,187

 
 
 
112,380

 
 
 
113,629

 
 
 
110,745

 
 
 
443,941

 
 
 
Aerospace
 
 
$
82,732

 
 
 
$
82,114

 
 
 
$
85,725

 
 
 
$
83,610

 
 
 
$
334,180

 
Industrial
 
 
89,420

 
 
 
91,530

 
 
 
97,018

 
 
 
96,101

 
 
 
374,068

 
Distribution
 
 
80,306

 
 
 
84,735

 
 
 
84,150

 
 
 
80,328

 
 
 
329,518

 
Intersegment Sales
(2,926
)
 
(2,416
)
 
(3,172
)
 
(2,567
)
 
(3,048
)
 
(2,300
)
 
(2,089
)
 
(1,869
)
 
(11,235
)
 
(9,149
)
Total Net Sales
$
250,042


$
250,042

 
$
255,812


$
255,812

 
$
264,593


$
264,593

 
$
258,170


$
258,170

 
$
1,028,617


$
1,028,617

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
$
10,662

 
 
 
$
13,014

 
 
 
$
13,277

 
 
 
$
10,305

 
 
 
$
47,258

 
 
 
Logistics & Manufacturing Services
8,332

 
 
 
9,688

 
 
 
11,580

 
 
 
9,540

 
 
 
39,140

 
 
 
Aerospace
 
 
$
12,514

 
 
 
$
13,150

 
 
 
$
14,363

 
 
 
$
12,388

 
 
 
$
52,415

 
Industrial
 
 
6,205

 
 
 
8,318

 
 
 
8,199

 
 
 
6,645

 
 
 
29,366

 
Distribution
 
 
275

 
 
 
1,234

 
 
 
2,295

 
 
 
812

 
 
 
4,617

Total Operating Profit
$
18,994


$
18,994

 
$
22,702


$
22,702

 
$
24,857


$
24,857

 
$
19,845


$
19,845

 
$
86,398


$
86,398

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
7.3
%
 
 
 
8.9
%
 
 
 
8.6
%
 
 
 
6.9
%
 
 
 
7.9
%
 
 
 
Logistics & Manufacturing Services
7.8
%
 
 
 
8.6
%
 
 
 
10.2
%
 
 
 
8.6
%
 
 
 
8.8
%
 
 
 
Aerospace
 
 
15.1
%
 
 
 
16.0
%
 
 
 
16.8
%
 
 
 
14.8
%
 
 
 
15.7
%
 
Industrial
 
 
6.9
%
 
 
 
9.1
%
 
 
 
8.5
%
 
 
 
6.9
%
 
 
 
7.9
%
 
Distribution
 
 
0.3
%
 
 
 
1.5
%
 
 
 
2.7
%
 
 
 
1.0
%
 
 
 
1.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Represents previously reported financial information which was adjusted on a retrospective basis to reflect the results of the Barnes Distribution Europe businesses ("BDE") as discontinued operations as a result of the sale of BDE in the fourth quarter of 2011. This financial information was previously presented in the Company's 2011 Form 10-K and/or the Financial Supplement dated February 14, 2012.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2
)
Represents "As Presented" or "As Reported" financial information adjusted on a retrospective basis to reflect the segment realignment.






Barnes Group Inc. Financial Results Adjusted for Segment Realignment
 
 
 
 
 
 
 
 
Unaudited
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dollars in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Q1 2011
 
Q2 2011
 
Q3 2011
 
Q4 2011
 
2011 Full Year
Income Statement
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
 
As Presented (1)
 
As Adjusted (2)
 
As Reported
 
As Adjusted (2)
 
As Reported
 
As Adjusted (2)
Net Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
$
171,573

 
 
 
$
175,804

 
 
 
$
176,598

 
 
 
$
163,572

 
 
 
$
687,546

 
 
 
Logistics & Manufacturing Services
120,855

 
 
 
125,178

 
 
 
124,849

 
 
 
122,029

 
 
 
492,910

 
 
 
Aerospace
 
 
$
90,560

 
 
 
$
94,729

 
 
 
$
98,125

 
 
 
$
99,091

 
 
 
$
382,506

 
Industrial
 
 
111,430

 
 
 
114,004

 
 
 
112,476

 
 
 
102,572

 
 
 
440,482

 
Distribution
 
 
89,912

 
 
 
91,731

 
 
 
90,260

 
 
 
83,359

 
 
 
355,262

 
Intersegment Sales
(2,838
)
 
(2,312
)
 
(3,145
)
 
(2,627
)
 
(2,804
)
 
(2,218
)
 
(2,315
)
 
(1,736
)
 
(11,101
)
 
(8,895
)
Total Net Sales
$
289,590


$
289,590

 
$
297,837


$
297,837

 
$
298,643


$
298,643

 
$
283,286

 
$
283,286

 
$
1,169,355

 
$
1,169,355

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
$
16,116

 
 
 
$
16,437

 
 
 
$
17,063

 
 
 
$
13,175

 
 
 
$
62,791

 
 
 
Logistics & Manufacturing Services
14,601

 
 
 
17,337

 
 
 
17,125

 
 
 
15,702

 
 
 
64,764

 
 
 
Aerospace
 
 
$
13,683

 
 
 
$
14,794

 
 
 
$
16,071

 
 
 
$
18,099

 
 
 
$
62,647

 
Industrial
 
 
10,958

 
 
 
10,977

 
 
 
10,340

 
 
 
6,819

 
 
 
39,094

 
Distribution
 
 
6,076

 
 
 
8,003

 
 
 
7,777

 
 
 
3,959

 
 
 
25,814

Total Operating Profit
$
30,717


$
30,717

 
$
33,774


$
33,774

 
$
34,188


$
34,188

 
$
28,877

 
$
28,877

 
$
127,555


$
127,555

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Margin
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Precision Components
9.4
%
 
 
 
9.3
%
 
 
 
9.7
%
 
 
 
8.1
%
 
 
 
9.1
%
 
 
 
Logistics & Manufacturing Services
12.1
%
 
 
 
13.8
%
 
 
 
13.7
%
 
 
 
12.9
%
 
 
 
13.1
%
 
 
 
Aerospace
 
 
15.1
%
 
 
 
15.6
%
 
 
 
16.4
%
 
 
 
18.3
%
 
 
 
16.4
%
 
Industrial
 
 
9.8
%
 
 
 
9.6
%
 
 
 
9.2
%
 
 
 
6.6
%
 
 
 
8.9
%
 
Distribution
 
 
6.8
%
 
 
 
8.7
%
 
 
 
8.6
%
 
 
 
4.7
%
 
 
 
7.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1
)
Represents previously reported financial information which was adjusted on a retrospective basis to reflect the results of the Barnes Distribution Europe businesses ("BDE") as discontinued operations as a result of the sale of BDE in the fourth quarter of 2011. This financial information was previously presented in the Company's 2011 Form 10-K and/or the Financial Supplement dated February 14, 2012.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2
)
Represents "As Presented" or "As Reported" financial information adjusted on a retrospective basis to reflect the segment realignment.