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Hexcel Reports Strong 2013 Third Quarter Results

Regulatory News:

 
  Quarter Ended

September 30,

    Nine Months Ended

September 30,

 
(In millions, except per share data)   2013   2012   % Change   2013   2012   % Change
   
Net Sales $ 412.3 $ 391.6 5.3% $ 1,251.4 $ 1,190.9 5.1%
Net sales change in constant currency 4.2% 4.4%
Operating Income 69.0 60.0 15.0% 203.9 194.5 4.8%
Net Income 48.7 39.8 22.4% 140.8 127.4 10.5%
Diluted net income per common share $ 0.48 $ 0.39 23.1% $ 1.38 $ 1.25 10.4%
 
Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $ 69.0 $ 60.0 15.0% $ 203.9 $ 185.0 10.2%
As a % of sales 16.7% 15.3% 16.3% 15.5%
Adjusted Net Income (table C) 48.7 39.8 22.4% 141.4 122.1 15.8%
Adjusted diluted net income per share   $ 0.48   $ 0.39   23.1%   $ 1.39   $ 1.20   15.8%

Hexcel Corporation (NYSE:HXL)(Paris:HXL), today reported results for the third quarter of 2013. Net sales during the quarter were $412.3 million, 5.3% higher than the $391.6 million reported for the third quarter of 2012. Operating income for the period was $69.0 million compared to $60.0 million last year. Net income for the third quarter of 2013 was $48.7 million or $0.48 per diluted share, compared to $39.8 million or $0.39 per diluted share in 2012.

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