We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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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.