Hexcel Corporation (HXL) Releases Earnings Results, Beats Expectations By $0.06 EPS

Hexcel Corporation (HXL) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.64. The company posted revenue of $522.60 million in the period, compared to analysts expectations of $503.98 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Hexcel Corporation closed down -0.75 points or -1.77% at $41.51 with 16,54,227 shares getting traded on Monday. Post opening the session at $42.27, the shares hit an intraday low of $41.48 and an intraday high of $42.425 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 11, 2016, David Charles Hill (director) sold 1,000 shares at $44.80 per share price. According to the SEC, on Apr 27, 2016, Michael J Macintyre (Treasurer) sold 1,000 shares at $45.10 per share price. On Mar 23, 2016, Robert George Hennemuth (SVP, Human Resources) sold 12,388 shares at $45.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Hexcel Corporation (Hexcel) is a composites company. The Company develops manufactures and markets lightweight structural materials including carbon fibers specialty reinforcements prepregs and other fiber-reinforced matrix materials honeycomb adhesives engineered honeycomb and composite structures for use in commercial aerospace space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers fabrics and specialty reinforcements prepregs and other fiber-reinforced matrix materials structural adhesives honeycomb molding compounds tooling materials polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.

Hexcel Corporation

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