Hexcel Increases Mid-point Of 2016 Earnings Guidance

(RTTNews) - Hexcel Corp. (HXL) announced the company's revised range for adjusted EPS is $2.48 to $2.56 (previously was $2.44 to $2.56) on sales of $1.99 to $2.05 billion (previously was $1.97 to $2.07 billion). Analysts polled by Thomson Reuters expect the company to report profit per share of $2.49 on revenue of $2 billion. Analysts' estimates typically exclude special items.

Chairman, CEO and President Nick Stanage, said: "The company's focus remains driving manufacturing throughput, capacity expansion and superior execution to prepare for the substantial production ramp up of new programs, led by Commercial Aerospace. We continue to be well aligned with our customers' needs and are fully prepared to meet the increasing demands for innovative composite products and solutions to support their growth."