WASHINGTON (dpa-AFX) - Hexcel Corp. (HXL) reported fourth-quarter net income of $52.9 million or $0.54 per share, compared to $47.1 million or $0.46 per share, prior year. Adjusted earnings per share was $0.54, for the quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $471.8 million from $426.8 million last year. Analysts expected revenue of $469.84 million for the quarter.
The company expects its 2015 sales in the range of $1.9-$2.0 billion, and adjusted earnings per share of $2.26 to $2.38. Analysts expect the company to report full year 2015 earnings per share of $2.37 on revenue of $1.98 billion.
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