AXIOM is a comprehensive enterprise management system built around the
unique operational requirements of metals producers, processors, and service
centers. Mill equipment includes remelt furnaces, a 42"
Hazelett caster and tandem hot mill, cold rolling mills, annealing furnaces,
tension levelers, and slitters.

Stripco, Inc. is a privately owned steel distributor that offers customers
immediate delivery of engineered long products from their 120,000 sq/ft rail-
served warehouse located in Aurora, IL. The improved levels have continued into the beginning of the second
quarter.
Gross profit decreased 4.

cbn depressed

Net interest expense was $26,000 in 2005 as compared to $202,000 in 2004
due to the reduced outstanding borrowings.

abrasive carbide

iMetals, Inc. iMetals , Inc.

suspensions superabrasives

, have all gone
live with the AXIOM(R) Enterprise Resource Management System in early January ,
2006.axiscomp. After a weak January and February,
Bairnco's markets, especially telecommunications and electronics, recovered in
March. Arlon's Coated
Materials sales were down 6. The gross profit margin as a percent of sales
increased to 30.8%.

"Safe Harbor" Statement under the Private Securities Reform Act of 1995
Statements in this press release referring to the expected future plans
and performance of the Corporation are forward-looking statements. Kasco also distributes equipment to the food industry in France.17
Diluted Earnings per Share of Common Stock $0.

eh suspensions

Jupiter Aluminum Stripco and iMetals all Go Live with AXIS ERP Solution at Start of 2006

Jupiter Aluminum serves the building products,
transportation, and license plate industries, as well as metals service
centers and other markets.

Contact: Marty Bogenschutz
Nuvera Group
513-794-9204
mcb@nuveragroup. Kasco's sales increased 5. Factors that could
affect future performance include, but are not limited to, renegotiation of
the Corporation's Credit Agreement; changes in US or international economic or
political conditions , such as inflation or fluctuations in interest or foreign
exchange rates; changes in the market for raw or packaging materials which
could impact the Corporation's manufacturing costs; changes in the pricing of
the products of the Corporation or its competitors; the market demand and
acceptance of the Corporation's existing and new products; the impact of
competitive products; changes in the product mix; the loss of a significant
customer or supplier; production delays or inefficiencies; the impact on
production output and costs from the availability of energy sources and
related pricing; the ability to achieve anticipated revenue growth, synergies
and other cost savings in connection with acquisitions and plant
consolidations; the costs and other effects of legal and administrative cases
and proceedings, settlements and investigations; the costs and other effects
of complying with environmental regulatory requirements; disruptions in
operations due to labor disputes; and losses due to natural disasters where
the Corporation is self-insured.

burs slurries

"A growing number of metals producers, processors, and service centers are
recognizing the critical importance of modern information systems in today's
highly competitive markets," said Janna Hoiberg, AXIS Director of Operations. is an ISO 9001:2000 certified steel distributor.
For more information, visit http://www .

cbn vitrified

1% from 29.

shenzhen suspensions

Stripco (http://www. Diluted earnings per common share were $.

coated molemab

jupiteraluminum.
iMetals, Inc.

slurries sifa

com) operates a mill located
in Hammond, Indiana, and two paint lines, slitters, and a warehouse in
Fairland, Indiana. (AXIS) is the leading provider of enterprise
resource management software solutions for the metals, wire and cable
industries.

vitrified burs

Stripco serves manufacturers in many industries, including stamping, hardware,
and furniture, as well as OEM and after-market automotive suppliers.

About AXIS
AXIS Computer Systems Inc.8% to $40,122,000 from
$42,577 ,000 in 2004.

Bairnco Corporation is a diversified multinational company that operates
two distinct businesses -- Arlon (Electronic Materials and Coated Materials
segments) and Kasco (Replacement Products and Services segment).

superabrasive vniiash

These steel types are made available in the form of
slit coils, edge-conditioned coils, oscillate coils, and cut-to-length strips. iMetals distributes a full line of
carbon, alloy and aluminum bar products as well as providing value added
services such as annealing , heat treating, precision cutting, deburring and
chamfering.8% to $12,083,000 from $12,697,000 due to lower
sales and production volumes.

electroplated grinding

"

Jupiter Aluminum Corporation
Jupiter Aluminum (http://www.stripco.17 in
2005. Actual
future results may differ materially from such statements .

bonded burs

, AXIS Computer Systems, Inc. Arlon's Electronic Materials sales were lower by 13. Arlon's
principal products include high technology materials for the printed circuit
board industry, cast and calendered vinyl film systems, custom-engineered
laminates and special silicone rubber compounds and components . Kasco's
principal products include replacement band saw blades for cutting meat, fish,
wood and metal, and on site maintenance primarily in the meat and deli
departments.

nondestructive slurries

In addition to custom cold rolled strip, the company
produces hot rolled, hot rolled pickled and oiled,
and galvanized products.
At the Annual Meeting held today, the stockholders elected the nominees
for director recommended by the Board of Directors and ratified the Board's
selection of Grant Thornton LLP as Bairnco's auditors for the 2005 fiscal
year.

shenzhen coated

The effective tax rate for the first quarter 2005 and 2004 was 35.

carbide abrasivi

AXIS serves companies ranging in size from the mid-
market to some of the industry's largest corporations.

gobain slurries

Selling and administrative expenses were $10,564,000 in 2004 as compared
to $10,515,000 in 2005.17

Basic Average Common Shares 7 ,399,000 7,342,000
Diluted Average Common Shares 7,675,000 7,431,000

Condensed Balance Sheets Apr 2, 2005 Dec 31, 2004

ASSETS

Cash $1,495,000 $3,451,000
Accounts receivable , net 25,470,000 24,912,000
Inventories 26,783,000 24,964,000
Other current assets 6,630,000 7,702,000
Total current assets 60,378,000 61,029,000
Plant and equipment, net 34,807,000 34,429,000
Cost in excess of net assets of
purchased businesses, net 14,492,000 14,542,000
Other assets 8,234,000 8,781,000
Total $117,911,000 $118,781,000

LIABILITIES AND STOCKHOLDERS' INVESTMENT

Short-term debt $1,033,000 $1,030,000
Current maturities of long-term debt 518,000 663,000
Accounts payable 10,965,000 10,601,000
Accrued expenses 9,150,000 10 ,515,000
Total current liabilities 21,666,000 22,809,000
Long-term debt 213,000 231,000
Other liabilities 10,959,000 10,974,000
Stockholders' investment 85,073 ,000 84,767,000
Total $117,911,000 $118,781,000

abrasive vniiash

, and iMetals Inc.
"We are very happy to be partnering with these and other metals companies to
help them leverage the breadth of industry-specific capabilities and
technologies we've built into the AXIOM solution.com) is a steel coil and strip processor
specializing in narrow steel products .13 versus $.

abrasivi superabrasive

com.6% from lower foreign sales and weakness in
certain automotive and industrial markets . An amended credit agreement is
currently being reviewed and is expected to be approved and in place during
the second quarter 2005. While the Corporation periodically reassesses
material trends and uncertainties affecting the Corporation's results of
operations and financial condition in connection with its preparation of its
press releases, the Corporation does not intend to review or revise any
particular forward-looking statement referenced herein in light of future
events.

nondestructive electroplated

Leading Companies Add to Growing Metals Industry User Base for AXIOM(R)
Enterprise Resource Management System

MARLBOROUGH, Mass. Kasco's European sales were lower in
local currency but were up slightly in US dollars due to the change in
exchange rates. Selling and administrative expenses were reduced by
$285,000 of income related to "key man" life insurance proceeds received
during the first quarter 2005.

suspensions abrasives

Located in Mishawaka, Indiana, Stripco
makes tight-tolerance cold rolled strip with its four-high reversing mill and
annealing facilities. AXIS specializes in helping producers , processors, service
centers and manufacturers increase revenue, decrease cost, and enable growth
through the use of information technology and industry best practices. The
AXIOM(R) family of solutions provides integrated support for enterprise-wide
operations from sales and customer service , to production, quality, and
financial management.com

LAKE MARY, Fla., Bairnco Corporation
(NYSE: BZ) today reported reduced operating results for the first quarter 2005
as compared to the same period last year. Net
income decreased 20.14 $0.13 $0.

nondestructive cbn

AXIOM provides industry-specific support for all key aspects of the
business; from sales, production, quality and financial management, to
integrated web-based customer service, advanced planning and scheduling , and
decision support.0%
due primarily to weak wireless telecommunications and electronics markets ,
which conversely were very strong in the first quarter of 2004. The first quarter 2005 gross profit was reduced
by $277,000 due primarily to the program to relocate Kasco's manufacturing
operations to Mexico including the termination costs of Kasco's union. The
first quarter 2004 gross profit was reduced by $193,000 from relocation and
closing expenses related to the consolidation of Arlon's industrial engineered
coated product's businesses.0%.

carbide cbn

Performance
Sales in the first quarter 2005 decreased 5.6% from
the first quarter 2004 due to strong North American service and repair revenue
as well as improved US export markets.


Comparative Results of Operations (Unaudited)

Quarter Ended
Condensed Income Statements Apr 2, 2005 Apr 3, 2004

Net sales $40,122,000 $42,577,000
Cost of sales 28 ,039,000 29,880,000
Gross profit 12,083,000 12,697,000
Selling and administrative expenses 10,515,000 10,564,000
Operating profit 1,568,000 2,133,000
Interest expense, net 26,000 202,000
Income before income taxes 1,542,000 1,931,000
Provision for income taxes 540,000 676,000
Net income $ 1,002,000 $ 1,255,000
Basic Earnings per Share of
Common Stock $0.

nondestructive electroplated

(AXIS), the leading provider of Enterprise Resource Planning (ERP) software
solutions for the metals, wire and cable industries, announced today that
Jupiter Aluminum Corporation, Stripco Inc.

Bairnco Announces Reduced First Quarter 2005 Results and Election of Directors at Stockholders' Meeting

2% to $1,002,000 as compared to $1,255,000 in the first
quarter of 2004.

Credit Agreement
As noted in the 2004 Annual Report, the Corporation's credit agreement was
extended through the end of April 2005.

eh shenzhen

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)