Hexcel Reports Strong 2013 Second Quarter Results
23 July 2013 - 6:15AM
Business Wire
- Sales of $422.6 million were 5.9%
higher than last year (5.2% in constant currency) driven by
Commercial Aerospace (up 15.1% in constant currency).
- Adjusted net income of $49.1 million
was up 15%, resulting in $0.48 per adjusted diluted share, versus
$42.7 million and $0.42 last year, respectively.
- Adjusted operating income was $71.9
million, 17.0% of sales, as compared to $64.4 million, 16.1% of
sales in 2012.
- Additional $150 million share
repurchase authorized.
See Table C for reconciliation of GAAP and
non-GAAP operating income, net income and earnings per
share
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