Hexcel Reports Record 2014 First Quarter Results

Regulatory News:
         
 

Quarter Ended March 31,
 
(In millions, except per share data)    

2014
    2013   % Change
 
Net Sales $ 461.7 $ 416.5 10.9%
Net sales change in constant currency 9.7%
Operating Income 74.6 63.0 18.4%
As a % of sales 16.2% 15.1%
Net Income 50.1 43.6 14.9%
Diluted net income per common share   $ 0.50   $ 0.43   16.3%

Hexcel Corporation (NYSE:HXL)(Paris:HXL), today reported results for the first quarter of 2014. Net sales during the quarter were $461.7 million, 10.9% higher than the $416.5 million reported for the first quarter of 2013. Operating income for the period was $74.6 million, compared to $63.0 million last year. Net income for the first quarter of 2014 was $50.1 million, or $0.50 per diluted share, compared to $43.6 million or $0.43 per diluted share in 2013.

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