Hexcel Corp. (NYSE: HXL), Stamford, CT, reported sales for the first quarter of 2011 were $331.6 million, an increase of 26.1 percent over the same period a year ago. Profit increased 67 percent to $26.4 million.
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Total Industrial sales of $54.3 million for the first quarter of 2011 were 41 percent higher than the first quarter of 2010. Wind sales for the quarter were up significantly from the first quarter of 2010, but were in line with the 2010 full year run-rate.
Industrial sales other than wind were up 10 percent in constant currency for the quarter from last year’s first quarter levels.
Commercial Aerospace sales of $197.6 million increased 30 percent for the quarter. Revenues attributed to new aircraft programs more than doubled versus the same period last year and now comprise more than 25 percent of Commercial Aerospace sales.
Space & Defense sales of $79.7 million were 9.9 percent higher than the first quarter of 2010. Rotorcraft sales were up 15 percent over last year.