Hexcel: 4Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Hexcel Corp. (HXL) on Wednesday reported fourth-quarter earnings of $66.1 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of 76 cents. Earnings, adjusted for restructuring costs, came to 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The maker of lightweight composite materials posted revenue of $561 million in the period.
For the year, the company reported profit of $276.6 million, or $3.11 per share. Revenue was reported as $2.19 billion.
Hexcel expects full-year earnings in the range of $3.38 to $3.52 per share, with revenue in the range of $2.38 billion to $2.48 billion.
Hexcel shares have risen nearly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.27, a drop of almost 6 percent in the last 12 months.