|Third Quarter 2011 Highlights|
|•||Sales of $351.8 million were 19.5% higher than last year (17.3% in constant currency)led again by strong Commercial Aerospace sales (up 31.2% in constant currency).|
|•||Net Income Was $32.2 Million, $0.32 Diluted EPS ($0.34 Adjusted Diluted EPS, See TableC), versus $15.6 Million, $0.16 Diluted EPS ($0.20 Adjusted Diluted EPS Last Year).|
|•||2011 adjusted diluted EPS guidance increased to a range of $1.18 to $1.23 (from $1.05 - $1.12) and sales increased to a range of $1,375 million to $1,400 million.|
|Quarter EndedSeptember 30,||Nine Months EndedSeptember 30,|
|(In millions, except per share data)||2011||2010||% Change||2011||2010||% Change|
|Net sales change in constant currency||17.3%||18.1%|
|Diluted net income per common share||$||0.32||$||0.16||100%||$||0.95||$||0.55||73%|
|Non-GAAP Measures for y-o-y comparisons:|
|Adjusted Operating Income (table C)||$||48.7||$||34.5||41.1%||$||139.6||$||102.3||36.5%|
|As a % of sales||13.8%||11.7%||13.5%||11.9%|
|Adjusted Net Income (table C)||34.0||19.9||71%||91.2||57.5||59%|
|Adjusted diluted net income per share||$||0.34||$||0.20||70%||$||0.91||$||0.58||57%|
Hexcel Corporation (NYSE:HXL)(Paris:HXL), today reported results for the third quarter of 2011. Net sales during the quarter were $351.8 million, 19.5% higher than the $294.5 million reported for the third quarter of 2010. Operating income for the period was $46.0 million, compared to $34.5 million last year. Net income for the third quarter of 2011 was $32.2 million, or $0.32 diluted earnings per share, compared to $15.6 million or $0.16 diluted earnings per share in 2010. Excluding the items in Table C, adjusted diluted net income for the third quarter of 2011 was $0.34 per share compared to $0.20 per share in the third quarter of 2010.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV