HEXCEL CORP NEW
SymbolHXL

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Hexcel Reports 2009 Third Quarter Results

2009-10-26 17:05 ET - News Release

Third Quarter 2009 Highlights

  • Sales of $257.1 million resulted in net income of $10.4 million, $0.11 per diluted share ($0.10 adjusted for one-time items) versus sales of $331.4 million and net income of $0.34 per diluted share last year ($0.22 adjusted for one-time items).
  • Free cash flow of $36 million in the quarter and $58 million year to date; $140 million better than year to date 2008 (see Table D).


STAMFORD, Conn. -- (Business Wire)

Hexcel Corporation (NYSE: HXL):

 
  Quarter Ended

September 30,

    Nine Months Ended

September 30,

 
(In millions, except per share data)   2009   2008  

%

Change

  2009   2008  

%

Change

   
Net Sales $257.1 $ 331.4

(22.4%)

$841.7 $ 1,035.4

(18.7%)

Net sales change in constant currency

(21.1%)

(15.2%)

Operating Income 19.6 35.9 (45.4%)89.2 101.6 (12.2%)
Net Income 10.4 33.0 (68.5%)50.6 82.9 (39.0%)
Diluted net income per common share $0.11 $ 0.34 $0.52 $ 0.85
 
Non-GAAP Measures for y-o-y comparisons:
Adjusted Operating Income (table C) $17.9 $ 36.6 (51.1%)$89.2 $ 114.4 (22.0%)
As a % of sales7.0%11.0%10.6%11.0%
Adjusted Net Income (table D) 9.3 21.3 (56.3%)50.6 64.0 (20.9%)
Adjusted diluted net income per share   $0.10   $ 0.22       $0.52   $ 0.66    

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