Hexcel Corp. (HXL) released earnings for its second quarter that rose from the same period last year.
The company’s profit came in at $68.8 million, or $0.76 per share. This compares with $61.6 million, or $0.67 per share, in last year’s second quarter.
Excluding items, Hexcel Corp. reported adjusted earnings of $67.5 million or $0.75 per share for the period.
Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 11.4% to $547.5 million from $491.3 million last year.
Hexcel Corp. earnings at a glance:
-Earnings (Q2): $67.5 Mln. vs. $61.6 Mln. last year.
-EPS (Q2): $0.75 vs. $0.67 last year.
-Analysts Estimate: $0.75
-Revenue (Q2): $547.5 Mln vs. $491.3 Mln last year.
Full year EPS guidance: $2.96 – $3.10
Full year revenue guidance: $2.10 – $2.20 Bln
by RTTNews Staff Writer
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