Regulatory News:
 

Third Quarter 2011 Highlights

Sales of $351.8 million were 19.5% higher than last year (17.3% in constant currency)led again by strong Commercial Aerospace sales (up 31.2% in constant currency).
 

Net Income Was $32.2 Million, $0.32 Diluted EPS ($0.34 Adjusted Diluted EPS, See TableC), versus $15.6 Million, $0.16 Diluted EPS ($0.20 Adjusted Diluted EPS Last Year).
 

2011 adjusted diluted EPS guidance increased to a range of $1.18 to $1.23 (from $1.05 - $1.12) and sales increased to a range of $1,375 million to $1,400 million.
 
     

Quarter EndedSeptember 30,
       

Nine Months EndedSeptember 30,
   
 
(In millions, except per share data)           2011         2010     % Change         2011         2010     % Change
               
Net Sales $ 351.8 $ 294.5 19.5% $ 1,037.1 $ 862.6 20.2%
Net sales change in constant currency 17.3% 18.1%
Operating Income 46.0 34.5 33.3% 142.6 98.8 44.3%
Net Income 32.2 15.6 106% 96.0 54.5 76%
Diluted net income per common share $ 0.32 $ 0.16 100% $ 0.95 $ 0.55 73%
 

Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $ 48.7 $ 34.5 41.1% $ 139.6 $ 102.3 36.5%
As a % of sales 13.8% 11.7% 13.5% 11.9%
Adjusted Net Income (table C) 34.0 19.9 71% 91.2 57.5 59%
Adjusted diluted net income per share       $   0.34     $   0.20     70%     $   0.91     $   0.58     57%
 

Hexcel Corporation (NYSE:HXL)(Paris:HXL), today reported results for the third quarter of 2011. Net sales during the quarter were $351.8 million, 19.5% higher than the $294.5 million reported for the third quarter of 2010. Operating income for the period was $46.0 million, compared to $34.5 million last year. Net income for the third quarter of 2011 was $32.2 million, or $0.32 diluted earnings per share, compared to $15.6 million or $0.16 diluted earnings per share in 2010. Excluding the items in Table C, adjusted diluted net income for the third quarter of 2011 was $0.34 per share compared to $0.20 per share in the third quarter of 2010.

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