Hexcel Corp. Q2 adjusted earnings Inline With Estimates

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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