Hexcel Corp. (HXL) Monday reported first-quarter net income of $43.6 million or $0.43 per share, compared to $39.6 million or $0.39 per share in the prior-year quarter.
Adjusted earnings for the quarter was $0.43 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
First-quarter revenues totaled $416.5 million, up 4.1 percent from $400.1 million last year, while thirteen analysts expected revenues of $417.97 million.
Looking ahead to the fiscal year 2013, the company expects adjusted earnings to be in the range of $1.73 to $1.83 per share, up from its prior estimate of $1.66 to $1.78 per share. Analysts currently expect earnings of $1.77 per share for fiscal 2013.
The company continues to expect revenues in the range of $1.64 billion to $1.74 billion. Analysts currently expect the company to report full-year revenues of $1.70 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.