This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hexcel Reports 2011 Fourth Quarter And Full Year Results

Regulatory News:

 
 

Quarter EndedDecember 31,

   

Year EndedDecember 31,

 
(In millions, except per share data)     2011     2010   % Change     2011     2010   % Change
   
Net Sales $ 355.3 $ 311.0 14.2% $ 1,392.4 $ 1,173.6 18.6%
Net sales change in constant currency 14.4% 17.1%
Operating Income 49.4 31.0 59% 192.0 129.8 48%
Net Income 39.5 22.9 72% 135.5 77.4 75%
Diluted net income per common share $ 0.39 $ 0.23 70% $ 1.35 $ 0.77 75%
 
Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $ 49.4 $ 31.0 59% $ 189.0 $ 133.3 42%
As a % of sales 13.9% 10.0% 13.6% 11.4%
Adjusted Net Income (table C) 33.7 20.0 69% 124.9 77.5 61%
Adjusted diluted net income per share   $ 0.33   $ 0.20   65%   $ 1.24   $ 0.78   59%

Hexcel Corporation (NYSE: HXL) (Paris:HXL), today reported results for the fourth quarter of 2011. Net sales during the quarter were $355.3 million, 14.2% higher than the $311.0 million reported for the fourth quarter of 2010. Operating income for the period was $49.4 million, compared to $31.0 million last year. Net income for the fourth quarter of 2011 was $39.5 million, or $0.39 per diluted share, compared to $22.9 million or $0.23 per diluted share in 2010. Excluding the impact of tax adjustments (Table C), adjusted diluted net income for the fourth quarter of 2011 was $0.33 per share compared to $0.20 per share in 2010.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs