Barnes Group Inc. Hosts Inaugural Investor Day

• Barnes Group Outlines Strategy to Drive Global Profitable Growth
  and Margin Expansion
• Introduces 2020 Financial Targets and Reaffirms Full-Year 2017
  Outlook

BRISTOL, Conn.–(BUSINESS WIRE)–Barnes Group Inc. (NYSE: B), which is celebrating its 160th
anniversary this year, will hold its inaugural investor day today in New
York City with presentations given by Patrick Dempsey, President and
Chief Executive Officer, Christopher Stephens, Senior Vice President,
Finance and Chief Financial Officer, and other senior executives.
Management will present its growth strategy and capital allocation
framework, as well as provide an in-depth review of its Industrial and
Aerospace segments. In addition, the Company is introducing 2020
financial targets and reaffirming its 2017 Outlook.

“We are excited to host Barnes Group’s inaugural investor day to provide
the investor community with a deeper understanding of and appreciation
for our Company and the major transformation we have been undergoing,”
said Patrick Dempsey, President and Chief Executive Officer. “We have
dramatically enhanced our portfolio as we continue to execute our
profitable growth strategy, and with the Barnes Enterprise System as the
framework to drive performance, our profitability has dramatically
improved,” added Dempsey.

Introduces 2020 Financial Targets

Barnes Group is introducing 2020 financial targets, specifically:

• Organic Sales: 4% to 6% CAGR
• Operating Margin: 18% to 19%
• EPS: Double-digit CAGR(1)

The Company will detail the key initiatives supporting achievement of
these goals as well as assumptions at its investor day.

“We are pleased with the progress made on positioning Barnes Group for
continued success. As we move forward, our businesses are aligned with
favorable end markets, we’re expanding the global reach of our
high-quality brands, and we have a flexible balance sheet with strong
cash generation that will continue to support high-impact investments.
This, coupled with our passionate and dedicated employees, should enable
us to achieve our 2020 financial objectives,” added Dempsey.

Reaffirms 2017 Outlook

The Company is also reaffirming its 2017 Outlook, specifically:

• Total Revenue: Up 14% to 15% over the prior year period
• Organic Revenue: Up 9% to 10%(2)
• Adjusted Operating Margin: 15.5% to 16.0%
• EPS from Continuing Operations: $2.77 to $2.87, including a 0.12 tax
  benefit
• Adjusted EPS: $2.80 to $2.90, up 11% to 15% year-over-year, excluding
  $0.03 of acquisition-related short-term purchase accounting
  adjustments related to the 2016 FOBOHA transaction

Event Webcast Details

The presentation, which includes question and answer sessions, will
begin at 8:30 a.m. (ET) and is expected to conclude at approximately
12:00 p.m. The public may access the event through a live webcast
available on the Investor Relations section of Barnes Group’s website at www.BGInc.com.
The conference will also be available by dialing the following numbers:
(877) 201-0168 in the U.S. or (647) 788-4901 for international
participants; Conference ID 30373513. Presentation materials will be
posted to the Investor Relations section of the Company's website today
at approximately 8:00 a.m. (ET). A replay of the webcast will be
available following the presentation at the same link listed above until
August 31, 2018.

Note:

(1) 2017 base year adjusted earnings excludes the discrete
tax benefit of $0.12 recorded in the second quarter.
(2)
Organic sales growth represents the total reported sales increase within
the Company’s ongoing businesses less the impact of foreign currency
translation and acquisition and divestitures completed in the preceding
twelve months.

About Barnes Group

Barnes Group Inc. (NYSE: B) is a global provider of highly engineered
products, differentiated industrial technologies, and innovative
solutions, serving a wide range of end markets and customers. Its
specialized products and services are used in far-reaching applications
including aerospace, transportation, manufacturing, healthcare, and
packaging. Barnes Group’s skilled and dedicated employees around the
globe are committed to the highest performance standards and achieving
consistent, sustainable profitable growth. For more information, visit www.BGInc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements often address our expected future operating and financial
performance and financial condition, and often contain words such as
"anticipate," "believe," "expect," "plan," "estimate," "project," and
similar terms. These forward-looking statements do not constitute
guarantees of future performance and are subject to a variety of risks
and uncertainties that may cause actual results to differ materially
from those expressed in the forward-looking statements. These include,
among others: difficulty maintaining relationships with employees,
including unionized employees, customers, distributors, suppliers,
business partners or governmental entities; failure to successfully
negotiate collective bargaining agreements or potential strikes, work
stoppages or other similar events; difficulties leveraging market
opportunities; changes in market demand for our products and services;
rapid technological and market change; the ability to protect
intellectual property rights; introduction or development of new
products or transfer of work; higher risks in global operations and
markets; the impact of intense competition; acts of terrorism,
cybersecurity attacks or intrusions that could adversely impact our
businesses; uncertainties relating to conditions in financial markets;
currency fluctuations and foreign currency exposure; future financial
performance of the industries or customers that we serve; our dependence
upon revenues and earnings from a small number of significant customers;
a major loss of customers; inability to realize expected sales or
profits from existing backlog due to a range of factors, including
changes in customer sourcing decisions, material changes, production
schedules and volumes of specific programs; the impact of government
budget and funding decisions; changes in raw material or product prices
and availability; integration of acquired businesses; restructuring
costs or savings; the continuing impact of prior acquisitions and
divestitures; and any other future strategic actions, including
acquisitions, divestitures, restructurings, or strategic business
realignments, and our ability to achieve the financial and operational
targets set in connection with any such actions; the outcome of pending
and future legal, governmental, or regulatory proceedings and
contingencies and uninsured claims; future repurchases of common stock;
future levels of indebtedness; and numerous other matters of a global,
regional or national scale, including those of a political, economic,
business, competitive, environmental, regulatory and public health
nature; and other risks and uncertainties described in documents filed
with or furnished to the Securities and Exchange Commission by the
Company, including, among others, those in the Management's Discussion
and Analysis of Financial Condition and Results of Operations and Risk
Factors sections of the Company's filings. The Company assumes no
obligation to update its forward-looking statements.

Contacts

Barnes Group Inc.
William Pitts
Director, Investor Relations
860.583.7070