This Day On The Street
Continue to site
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

(b) FX effect is the estimated impact on “as reported” net sales due to changes in foreign currency exchange rates.

Hexcel Corporation and Subsidiaries
Segment Information   (Unaudited) Table B
(In millions)     Composite Materials (b)     Engineered Products     Corporate & Other (a)(b)     Total
Fourth Quarter 2011                        
Net sales to external customers   $ 279.0   $ 76.3   $   $ 355.3
Intersegment sales     11.4       0.8       (12.2 )      
Total sales 290.4 77.1 (12.2 ) 355.3
Operating income (loss) 51.1 11.0 (12.7 ) 49.4
% Operating margin 17.6 % 14.3 % 13.9 %
 
Depreciation and amortization 12.6 1.1 13.7
Stock-based compensation expense 0.9 0.2 1.5 2.6
Accrual based additions to capital expenditures     77.4       2.3       0.5       80.2  
Fourth Quarter 2010                  
Net sales to external customers $ 240.6 $ 70.4 $ $ 311.0
Intersegment sales     8.5       0.3       (8.8 )      
Total sales 249.1 70.7 (8.8 ) 311.0
 
Operating income (loss) (b) 32.0 11.8 (12.8 ) 31.0
% Operating margin 12.8 % 16.7 % 10.0 %
 
Depreciation and amortization 12.9 1.0 13.9
Stock-based compensation expense 0.7 0.1 1.1 1.9
Accrual based additions to capital expenditures     34.7       1.9             36.6  
                                 
Full Year 2011                        
Net sales to external customers $ 1,074.5 $ 317.9 $ $ 1,392.4
Intersegment sales     53.8       1.6       (55.4 )      
Total sales 1,128.3 319.5 (55.4 ) 1,392.4
 
Operating income (loss) (b) 194.5 51.6 (54.1 ) 192.0
% Operating margin 17.2 % 16.2 % 13.8 %
 
Other operating (income) expense (5.7 ) 2.7 (3.0 )
Depreciation and amortization 50.8 4.3 0.2 55.3
Stock-based compensation expense 4.3 1.1 8.5 13.9
Accrual based additions to capital expenditures     176.6       6.9       1.0       184.5  
Full Year 2010                  
Net sales to external customers $ 904.5 $ 269.1 $ $ 1,173.6
Intersegment sales     38.7       0.6       (39.3 )      
Total sales 943.2 269.7 (39.3 ) 1,173.6
 
Operating income (loss) (b) 139.6 45.7 (55.5 ) 129.8
% Operating margin 14.8 % 16.9 % 11.1 %
 
Other operating expense 3.5 3.5
Depreciation and amortization 49.1 3.9 0.2 53.2
Stock-based compensation expense 4.2 0.7 7.5 12.4
Accrual based additions to capital expenditures     57.3       3.3       0.1       60.7  

(a) We do not allocate corporate expenses to the operating segments.

5 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 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs