3Q05 Results Conference Call

1. 3Q05 ResultsConference Call October 24, 2005

2. 11.3% sales growth -- 11th consecutive quarter of double digit revenue growth Balanced results across all three businesses with progress that is expected to be sustainable Successful $100 million convertible debt offering with net share settlement feature 42% adjusted net income growth, with EPS of $0.55 per diluted share Schedule 1 3Q05 Highlights

3. Schedule 2 Key 3Q05 Messages • Barnes Distribution • Service Plus Distributors and Toolcom Inc. acquisitions will provide additional top and bottom line future growth • Service metrics and distribution costs continue to be favorable • Associated Spring • Specialty operations continue to generate substantial revenue growth and profit • Organizational efficiency initiatives are focused on moving product from high-cost facilities to Brazil, Singapore, and low-cost domestic operations • Year-to-date operating profit has exceeded 2004 full year results – profit-focused • Barnes Aerospace • Pioneer Status provides significant tax benefits • Expanded the aftermarket RSP program into a new engine family • GEnx engine content nearing the $250,000 level per engine

4. Schedule 3 Income Statement Highlights Third Quarter % Incr (Decr) 2005 20041 ($ Millions) Sales $271.5 $243.9 11 Cost of Sales 172.1 159.4 8 Selling & Admin Exp. 76.8 69.2 11 Operating Income 22.6 15.4 47 Other Inc/(Exp) - Net (0.0) NM 0.4 Interest Expense 4.4 3.8 17 $18.6 61 Income Before Taxes $11.6 1 2004 results restated for retroactive change in valuation of certain U.S. inventories from LIFO to FIFO. NM – Not Meaningful

5. Schedule 4 Income Statement Highlights Third Quarter % Incr (Decr) 2005 20041 ($ Millions, except per share) $18.6 61 Income Before Taxes $11.6 (37) Income Taxes 1.2 2.0 (10) pts. Effective Tax Rate 7% 17% 81 Net Income $17.4 $9.6 78 EPS – Basic 0.73 0.41 75 EPS – Diluted 0.70 0.40 38 Adjusted EPS – Diluted2 0.55 0.40 Avg. Diluted Shares O/S 4 24.7 23.8 Memo items: 49 $6.7 $4.5 Capital Expenditures NM Depreciation & Amortization 8.3 8.3 1 2004 results restated for retroactive change in valuation of certain U.S. inventories from LIFO to FIFO. 2 Please reference the Non-GAAP Financial Measure Reconciliation at the end of this presentation. NM – Not Meaningful

6. Schedule 5 Financial Highlights Third Quarter ($ Millions) 2005 20041 % Incr (Decr) Sales Barnes Distribution $114.0 $107.0 7 Associated Spring 100.2 88.3 14 Barnes Aerospace 59.3 51.7 15 Inter-segment Sales (2.0) (3.0) 34 Total $271.5 $243.9 11 Operating Profit 17 Barnes Distribution2 $6.8 $5.8 Associated Spring 6.6 4.3 55 Barnes Aerospace 7.4 5.5 36 $20.8 Total2 $15.5 36 1 2004 results restated for retroactive change in valuation of certain U.S. inventories from LIFO to FIFO. 2 Please reference the Non-GAAP Financial Measure Reconciliation at the end of this presentation.

7. Schedule 6 Balance Sheet Highlights 6/05 3/05 12/04 9/04 9/05 ($ Millions) Total Debt $ 270 $ 282 $ 268 $ 282 $ 288 Cash 32 39 36 34 32 Net Debt $ 238 $ 243 $ 232 $ 248 $ 256 Stockholders’ Equity1 $ 376 $ 359 $ 351 $ 352 $ 396 Debt/Capitalization 42% 44% 43% 44% 42% Net Debt/Capitalization 39% 40% 40% 41% 39% 1 2004 results restated for retroactive change in valuation of certain U.S. inventories from LIFO to FIFO.

8. Reconciliation information for net income and certain other measures that may be disclosed to relevant GAAP measures is contained in the quarterly press release tables or the pages that follow. The press release and this presentation are available via the Barnes Group Investor Relations Web site at: http://www.barnesgroupinc.com Additional Information

9. 3Q05 Non-GAAP Financial Measure Reconciliation Following is a reconciliation of results excluding certain adjustments to the Company's reported results: NM – Not Meaningful

10. 3Q05 Non-GAAP Financial Measure Reconciliation Notes: The Company has presented certain financial measurements, excluding certain retroactive tax benefits, a positive adjustment related to accounts payable and the gain on the sale of NASCO as follows: 1) As part of management's on-going internal control assessment, during the third quarter of 2005, the Company identified and recorded an adjustment to accounts payable and cost of sales at Barnes Distribution. The Company determined that cost of sales was overstated in prior periods due to inaccuracies in recording inventory receipts from 2000 through 2005. This overstatement was corrected in the third quarter of 2005 as a reduction to cost of sales of $1,814. The after-tax effect of this adjustment was $1,141. Management concluded that such corrections were immaterial, both quantitatively and qualitatively, to the 2005 financial statements and to the previously reported results of the prior years to which they relate. 2) During the third quarter of 2005, the Company was granted Pioneer tax status in Singapore and recorded retroactive tax benefits of $2,553 of which $1,473 related to periods prior to January 1, 2005 and $1,080 related to the first half of 2005. 3) During the second quarter of 2005, the Company sold its 45 percent interest in NHK-Associated Spring Suspension Components Inc. ("NASCO"), resulting in a pre-tax gain of $8,892 and an after-tax gain of $4,030. These adjustments represent out-of-period or discrete items and management believes that providing results excluding these items is useful to investors. Management does not intend results excluding the adjustments to represent results as defined by GAAP, and the reader should not consider it as an alternative measurement calculated in accordance with GAAP, or as an indicator of the Company's operating performance. Accordingly, the measurements have limitations depending on their use.