This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

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.

1 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs