Hexcel Corp. (HXL) Tops Q2 EPS by 5c, Updates FY Guidance
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Hexcel Reports Record 2016 Second Quarter Results
July 20, 2016 4:15 PM EDTDiluted EPS of $0.70 was 11.1% higher than prior year diluted EPS of $0.63. Sales of $522.6 million were 9.9% higher than last year (10.2% in constant currency), driven by Commercial Aerospace (up 14.3% in constant currency).Operating income was $100.1 million, 19.2% of sales, as compared to $90.6 million, 19.0% of sales in 2015.Mid-point of full year 2016 guidance increased: adjusted diluted EPS of $2.48 to $2.56 (previously was $2.44 to $2.56).
See Table C for reconciliation of GAAP and non-GAAP operating income, net income and earnings per share
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