Hexcel Corp. (HXL) Tops Q3 EPS by 4c; Narrows FY16 Outlook
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October 19, 2016 4:16 PM EDT
GAAP diluted EPS was $0.72, including $0.07 of discrete tax benefits. Adjusted diluted EPS of $0.65 was 18.2% higher than prior year diluted EPS of $0.55. Sales of $500.5 million were 11.5% higher than last year (11.9% in constant currency), driven by Commercial Aerospace (up 15.1% in constant currency).Operating income was $89.1 million, 17.8% of sales, as compared to $78.0 million, 17.4% of sales in 2015.Free cash flow for the first nine months of 2016 is a source of $55 million as compared to a use of $85 million for the 2015 period.Mid-point of full year 2016 guidance... More
October 19, 2016 4:10 PM EDT
STAMFORD, Conn., Oct. 19, 2016 (GLOBE NEWSWIRE) -- Hexcel Corporation (NYSE: HXL) today announced that the Companys Board of Directors has declared a regular quarterly cash dividend of $0.11 per share on the common stock of Hexcel, payable on November 9, 2016 to shareholders of record as of... More
