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.