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Hexcel Management Discusses Q2 2012 Results - Earnings Call Transcript

Additionally, during the quarter, we experienced 3 onetime events that impacted reported operating income as presented in Table C of last night's press release. They netted $9.5 million of income and consisted of $9.6 million of income from settling our business interruption insurance claim arising from the April 2011 tornado that hit our Alabama PAN facility; a gain of $4.9 million from the sale of land in Livermore, California, the site of a previously closed manufacturing facility; and lastly, a $5 million in charges to the environmental reserves, primarily for remediation of a manufacturing facility in Lodi, New Jersey that was sold in 1996 -- excuse me, 1986.

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