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American company Hexcel continues to grow in the third quarter

Hexcel Corporation, a leader in advanced technology based in the United States, reported sales of 333.8 million in the third quarter (third quarter), which ended on September 30, 2021, increased 16.3% year-on-year. It reports that it has reached the dollar. Three-month operating profit increased to $ 22.8 million, outpacing a loss of $ 37.6 million in the third quarter of 2010.

Hexcel Corporation, a leader in advanced technology based in the United States, reported sales of 333.8 million in the third quarter (third quarter), which ended on September 30, 2021, increased 16.3% year-on-year. It reports that it has reached the dollar. Three-month operating profit increased to $ 22.8 million, outpacing a loss of $ 37.6 million in the third quarter of 2010.

“We are pleased to report another quarter showing steady and continuous growth in sales and revenue. We are confident that this will span many quarters. $ 334 million in sales is a supply. This is a positive increase due to the significant delay in chain inventory adjustments, which is a year-on-year increase. ” Nick Lee Stanage, Chairman, CEO and President of Hexcel, Said in a press release.

Hexcel Corporation, a leader in advanced technology based in the United States, reported sales of 333.8 million in the third quarter (third quarter), which ended on September 30, 2021, increased 16.3% year-on-year. It reports that it has reached the dollar. Three-month operating profit increased to $ 22.8 million, outpacing a loss of $ 37.6 million in the third quarter of 2010.

Commercial aerospace sales increased 29.8% in the third quarter to $ 167.2 million ($ 128.8 million). While the automotive and recreation markets improved, industrial sales increased 14.0% to $ 56.2 million ($ 49.3 million).

Hexcel Corporation, a leader in advanced technology based in the United States, reported sales of 333.8 million in the third quarter (third quarter), which ended on September 30, 2021, increased 16.3% year-on-year. It reports that it has reached the dollar. Three-month operating profit increased to $ 22.8 million, outpacing a loss of $ 37.6 million in the third quarter of 2010.

Gross profit increased to $ 66 million ($ 13.5 million) and selling, general and administrative expenses were $ 32 million ($ 24.6 million). However, third-quarter net income fell to $ 9 million ($ 9.7 million).

Hexcel Corporation, a leader in advanced technology based in the United States, reported sales of 333.8 million in the third quarter (third quarter), which ended on September 30, 2021, increased 16.3% year-on-year. It reports that it has reached the dollar. Three-month operating profit increased to $ 22.8 million, outpacing a loss of $ 37.6 million in the third quarter of 2010.

“We are closely monitoring our supply chain and our global supply chain team is focused on managing the continuous availability of raw materials during these difficult times,” Stanage added. .. “As a team, in preparation for a significant increase in demand in 2022, long-term adoption of composite weight reduction, Hexcel’s broadly expanding product portfolio, and continued growth supported by deep customer relationships. I’m excited about the recovery. “

Fiber2Fashion News Desk (JL)



American company Hexcel continues to grow in the third quarter

Source link American company Hexcel continues to grow in the third quarter

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