Hexcel 2012 Sales Up 13% - Modern Distribution Management

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Hexcel 2012 Sales Up 13%

Fourth-quarter sales rose 9 percent.

Hexcel Corp. (NYSE: HXL), Stamford, CT, reported sales for the fourth quarter of $387.3 million, an increase of 9 percent compared to the same period a year ago. Profit decreased 6.6 percent to $36.9 million.

Commercial Aerospace sales of $234.2 million increased 11.2 percent compared to the fourth quarter of 2011.

Space & Defense revenues of $93.4 million were 21.1 percent higher than 2011.

Total Industrial revenues of $59.7 million for the fourth quarter of 2012 were 11.6 percent lower than 2011 levels.

Full-year sales for Hexcel were $1.6 billion, an increase of 13 percent over the prior year. Profit increased 12 percent to $164.3 million.

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