The 2020 Mid-Year Economic Update_long

Hexcel Sales Down 0.7% in 3Q

Industrial sales for the quarter were down 14.8 percent year-over-year.

Hexcel Corp. (NYSE: HXL), Stamford, CT, reported sales for the third quarter of $448.8 million, a 0.7 percent decrease over the same period a year ago. Profit increased 4.1 percent to $53.5 million.

For the first nine months, sales were $1.4 billion, up 0.9 percent over the same period a year ago. Profit increased 17.1 percent to $183.3 million.

Industrial sales were $57 million for the third quarter, down 14.8 percent compared to the prior year period.

Commercial aerospace sales of $314.5 million increased 6.1 percent year-over-year for the quarter, while space and defense sales decreased 12.7 percent to $77.3 million.

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