Hexcel Corp., Stamford, CT, reported sales in the fourth quarter 2008 were down 8.8% to $289.5 million. Profit was $28.3 million,
up from $13 million in the same period a year ago.
Hexcel reported that inventory corrections (including the
downtime at Boeing Commercial Airplanes), as well as a decline in recreation, automotive and general industrial sub-markets
offset growth in space, defense and wind energy markets.
Hexcel is an advanced structural materials company. It develops, manufactures and markets
lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems,
adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications.