Hexcel Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Sales Guidance for the Fiscal Year 2019
January 23, 2019 at 04:26 pm
Share
Hexcel Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of $561.0 million against $511.7 million a year ago. Operating income was $95.8 million against $93.2 million a year ago. Net income was $66.1 million against $88.1 million a year ago. Diluted net income per common share was $0.76 against $0.96 a year ago. Basic net income per common share was $0.78 against $0.97 a year ago.
For the full year, the company reported net sales of $2,189.1 million against $1,973.3 million a year ago. Operating income was $371.2 million against $350.6 million a year ago. Net income was $276.6 million against $284.0 million a year ago. Diluted net income per common share was $3.11 against $3.09 a year ago. Basic net income per common share was $3.15 against $3.13 a year ago.
For the period, the company expects sales to be between $2.375 billion to $2.475 billion.
Hexcel Corporation is engaged in providing advanced lightweight composites technology. The Company's product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications. The Company operates through two segments: Composite Materials and Engineered Products. The Composite Materials segment comprises its carbon fiber, specialty reinforcements, resin systems, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, radio frequency/electromagnetic interference (RF/EMI) and microwave absorbing materials, engineered core and specialty machined honeycomb products with added functionality and thermoplastic additive manufacturing.
Hexcel Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Sales Guidance for the Fiscal Year 2019