Hexcel reports 50% increase in net income

Hexcel Corp. reported a 50-percent increase Tuesday in first-quarter net income.

The company’s earnings came to $39.6 million, up from $26.4 million in the first quarter of 2011. Net sales at Hexcel also were up, by 20.7 percent from $331.6 million in the first quarter of 2011 to $400.1 million.

Hexcel’s commercial aerospace division grew 22.6 percent to $242.3 million, and its industrial division’s sales were up 34.3 percent to $72.9 million. The space and defense division saw an in its quarterly sales year-over-year by 6.5 percent to $84.9 million.

Hexcel, a composite technologies company, is based in Stamford, Conn., and operates a manufacturing plant in Windsor.

You have 2 free articles remaining this month.
Want to see more? Login or Subscribe.

Leave a Reply

Your email address will not be published. Required fields are marked *


Social Network

Facebook Icon
Twitter Icon
LinkedIn Icon
©2016 BizWest The contents of this website are copyright BizWest Media, LLC. All rights reserved.
Use of any of this informatino or media on this site is strictly prohibited withotu express written consent.