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Hexcel Corporation (NYSE:HXL), Stamford, CT, reported first-quarter sales of $400.1 million, up 20.7 percent over the same period a year ago. In constant currency, sales were up 22 percent. Profit increased 50 percent to $39.6 million.
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Total Industrial segment sales of $72.9 million for the first quarter of 2011 were 34.3 percent higher (37.3 percent in constant currency) than the first quarter of 2011.
Commercial Aerospace sales of $242.3 million increased 22.6 percent (23.7 percent in constant currency) for the quarter as compared to the first quarter of 2011.
Space & Defense sales of $84.9 million were 6.5 percent higher (7.5 percent in constant currency) than the first quarter of 2011. Rotorcraft sales accounted for all of the growth, led by strong sales in Europe and Asia Pacific.