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Hexcel Reports 2012 Second Quarter Results

Stocks in this article: HXL

Regulatory News:

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

  Quarter Ended

June 30,

    Six Months Ended

June 30,

(In millions, except per share data)   2012   2011   % Change   2012   2011   % Change
Net Sales $ 399.2 $ 353.7 12.9% $ 799.3 $ 685.3 16.6%
Net sales change in constant currency 15.7% 18.8%
Operating Income 73.9 49.4 50% 134.5 96.6 39%
Net Income 48.0 37.4 28% 87.6 63.8 37%
Diluted net income per common share $ 0.47 $ 0.37 27% $ 0.86 $ 0.63 37%
Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $ 64.4 $ 49.4 30% $ 125.0 $ 90.9 38%
As a % of sales 16.1% 14.0% 15.6% 13.3%
Adjusted Net Income (table C) 42.7 31.9 34% 82.3 57.2 44%
Adjusted diluted net income per share   $ 0.42   $ 0.32   31%   $ 0.81   $ 0.57   42%

Hexcel Corporation (NYSE: HXL), today reported results for the second quarter of 2012. Net sales during the quarter were $399.2 million, 12.9% higher than the $353.7 million reported for the second quarter of 2011. Operating income for the period was $73.9 million, compared to $49.4 million last year. Net income for the second quarter of 2012 was $48.0 million, or $0.47 per diluted share, compared to $37.4 million or $0.37 per diluted share in 2011. Excluding the impact of items in Table C, adjusted diluted net income for the second quarter of 2012 was $0.42 per share compared to $0.32 per share in 2011.

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