Hexcel Sales Up 14% in Fourth Quarter - Modern Distribution Management

Log In

Hexcel Sales Up 14% in Fourth Quarter

Profit for the advanced composites manufacturer grew 72.5%.
Author
Date

Hexcel Corporation (NYSE: HXL), Stamford, CT, reported sales for the fourth quarter were $355.3 million, up 14.2 percent over the same period a year ago. Profit increased 72.5 percent to $39.5 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

For the full year, sales were $1.4 billion, up 18.6 percent in a year-over-year comparison. Profit increased 75 percent to $135.5 million.

\”Despite concerns about the global economy, the large backlogs of orders at our major customers suggest we are well positioned for 2012 and beyond,\” CEO David E. Berges said.

Commercial Aerospace sales of $210.7 million increased 21 percent (21.3 percent in constant currency) for the quarter as compared to the fourth quarter of 2010. For the full year 2011, Commercial Aerospace sales were up 27.1 percent in constant currency.

Space & Defense sales of $77.1 million were 8.4 percent lower (8.2 percent in constant currency) than the record fourth quarter of 2010, due primarily to the timing of shipments. For the year, Space & Defense sales were up 2 percent in constant currency over 2010.

Total Industrial sales of $67.5 million for the fourth quarter of 2011 were 28.1 percent higher (27.8 percent in constant currency) than the fourth quarter of 2010. Wind sales were up significantly from a weak fourth quarter of 2010. For the year, wind sales were up more than 15 percent in constant currency and grew sequentially in each of the four quarters.

Hexcel Corporation is manufacturer of advanced composites used in commercial aerospace, space and defense and industrial applications such as wind turbine blades.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.