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Hexcel Reports 2012 First Quarter Results

Regulatory News:

Hexcel Corporation (NYSE:HXL)(Paris:HXL):

  Quarter Ended

March 31,

 
 
(In millions, except per share data)   2012   2011   % Change
 
Net Sales $ 400.1 $ 331.6 20.7%
Net sales change in constant currency 22.0%
Operating Income 60.6 47.2 28%
Net Income 39.6 26.4 50%
Diluted net income per common share $ 0.39 $ 0.26 50%
 
Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $ 60.6 $ 41.5 46%
As a % of sales 15.1% 12.5%
Adjusted Net Income (table C) 39.6 25.3 57%
Adjusted diluted net income per share   $ 0.39   $ 0.25   56%

Hexcel Corporation (NYSE: HXL), today reported results for the first quarter of 2012. Net sales during the quarter were $400.1 million, 20.7% higher than the $331.6 million reported for the first quarter of 2011. Operating income for the period was $60.6 million, compared to $47.2 million last year. Net income for the first quarter of 2012 was $39.6 million, or $0.39 per diluted share, compared to $26.4 million or $0.26 per diluted share in 2011. Excluding the impact of items in Table C, adjusted diluted net income for the first quarter of 2011 was $0.25 per share.

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