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