Hexcel Corp. Q2 Profit Increases, beats estimates

Hexcel Corp. (HXL) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $44.7 million, or $0.53 per share. This compares with $2.2M, or $0.03 per share, in last year's second quarter.

Excluding items, Hexcel Corp. reported adjusted earnings of $28.1M or $0.33 per share for the period.

Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.7% to $393.0 million from $320.3M last year.

Hexcel Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $44.7 Mln. vs. $2.2M. last year.
-EPS (Q2): $0.53 vs. $0.03 last year.
-Analyst Estimate: $0.30
-Revenue (Q2): $393.0 Mln vs. $320.3M last year.

Full year EPS guidance: $1.00 to $1.24
Full year revenue guidance: $1.50 - $1.63 Bln

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