MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Hexcel’s Q4 Sales Up 10%

Hexcel Corp., Stamford, Conn., (NYSE:HXL) reported fourth-quarter and year-end 2018 results for the period ended December 31, 2018.

The company reported fourth-quarter sales of $561 million, up nearly 10 percent over the year-ago period, and profit of $66.1 million. Fourth-quarter sales in the company’s industrial segment grew nearly 44 percent to $77.9 million, the company said.

The company reported full-year sales of $2.19 billion, up 11 percent compared to 2017. Full-year industrial segment sales were $294.2 million, up 29 percent compared to the year-ago period.

“... Our markets continue to strengthen in all areas, as underscored by full year sales and adjusted diluted EPS increases of 11% and 14% respectively, reflecting our continued focus on innovation and execution. Importantly, our team delivered productivity and efficiency improvements across the business, which mitigated some of the unexpected headwinds we encountered throughout the year,” Chairman, CEO and President Nick Stanage said in a statement announcing the results.

 

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center