The 2020 Mid-Year Economic Update_long

Hexcel Sales Up 9.6% in 3Q

Industrial sales for the second quarter were up 19.7 percent over 3Q2013.

Hexcel Corp. (NYSE: HXL), Stamford, CT, reported sales for the second quarter of $451.9 million, a 9.6 percent increase over the same period a year ago. Profit increased 14.6 percent to $55.8 million.

For the first nine months, sales were $1.4 billion, up 10.6 percent over the same period one year ago.

Industrial sales were $66.9 million for the third quarter of 2014, up 19.7 over the third quarter of 2013.

Commercial aerospace sales of $296.5 million increased 13.2 percent for the quarter over the third quarter of 2013.

Space and defense sales of $88.5 million decreased 6.3 percent for the quarter as compared to third quarter of 2013.

"This was another record quarter for Hexcel, as continued solid execution combined with strong commercial aerospace sales enabled us to deliver the highest adjusted operating income percentage and net income in our history," said Nick Stanage, CEO & president.

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