Hexcel Corp. (HXL) reported that its third-quarter net income was $10.4 million or $0.11 per share, compared to $33.0 million or $0.34 per share in 2008. 2008 results included an $11.7 million after tax gain on the sale of Hexcel's share in BHA Aero Composites Parts Co. Ltd.
Excluding this gain, adjusted net income for the third quarter was $9.3 million or $0.10 per share, down from $21.3 million or $0.22 per share in the year-ago quarter.
Net sales for the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008. Operating income for the third quarter was $19.6 million, compared to $35.9 million for the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share on revenues of $246.57 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.