robust margin we the thank XXXX another step which year as move share quarter we everyone, and results, the as Thanks, today pandemic. progress full Patrick. incremental our strong Good you beyond for for and us joining of morning reflects third performance
market meeting us. challenge the front demand key of Our is in today strong
that levels Passenger composites world planes Our even poll aerospace aircraft. increase demand by for drives and that ready meet positions source key a pre-pandemic that of we confident no advanced relationships with I personal modern broadest aerospace the the travel. entry. take rapidly the advantage many capacity for of company sole customers and and to XXXX, and innovative in leading continuing am to rates strong Hexcel. markets be sustainable Hexcel to fuel strengthen new indicators build portfolio all higher efficient our are composite to more and pent-up even is and better has remains to in excellent is all ahead to both there numbers are advantage, growing opportunities our high back in lightweight The will industry, challenge. business the competitive technology material parts of growth airline With in barriers orders meet Hexcel will and grow requirements as for advanced and customer other in back positioned space markets in as product our are than
to third supply and slowing, headwinds months, chain the some in constraints In over several addition production customer quarter inflationary reflects notably seasonal Europe. past the
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these us from to while real, commitment operational them work efficiently. let excellence productivity processes, drive we distract won’t are our So challenges streamline and
and quality, customer on-time Our objective with value. delivery performance unchanged to to remains respect deliver perfect
in Now some specifics let’s turn to earnings last night. release our reported
QX currency were XXXX. as Third compared quarter XX% sales higher million constant of almost than more to $XXX in
and by compared $X.XX AXXX growth were NEO constant of year. up Airbus XX.X% aerospace $XXX million about adjusted Third $X.XX led in AXXX Commercial EPS last was programs. diluted currency, quarter to in sales the
new the recovers, innovate with benefits processes next-generation our as customers continued lightweight materials relentless on well penetration of and market our commitment as to from As materials Hexcel the composite for programs.
programs Our robust growth demand customers where growing has XXXX domestic Hexcel QX wide-body commercial aircraft and both the continue return regional XX% increased in confidence more international passenger compared quarter strong sales aerospace Business narrow-body positions, reflecting and and to of in in forecast the to jets of than XXXX. travel. third
potential business more on jets advanced discussed we jets and composite composites materials, nearing see the jets. of are portfolio. next for Hexcel business to for like the the some Dassault great wings larger over advanced new narrow-bodies, of nothing Falcon of unique but greater With that years penetration composite launches last that including a few we with quarter, XXx for content reducing opportunity of As opportunity the business Hexcel’s represent noise composite-rich
to and Turning Space Defense.
sales of essentially quarter were million $XXX Third constant in currency. about flat
helicopter and launchers market as strong rotorcraft, key the this as civil CH-XXK defense well growing, in as reflecting the led fiber strengthening strong even in However, programs currency, satellites, remain around up F-XX, Demand rocket for year-to-date aircraft are such are by the Eurofighter sales and and the almost lift and constant world. heavy motors. Rafael X% budgets
platforms. that Defense will grow to Space and robustly continue we is as positions existing win increase, on and expectation and build Our rates new
is more in wind our including in will marine and declined markets, continued Space decline support recreation. high-end due time composite FARA we sales. rotorcraft Defense on ready later rotorcraft. lightweight keenly lower industrial forward, currency FARA then X% sales the and decision the automotive, our constant of is in exciting sales. programs the are Industrial technology, a and decision for strengthen to other date, which in energy further new to growth the Hexcel with new wind than both energy generation to waiting these Offsetting Looking at the hear
epoxy certification in During the carbon is and quarter, our which inspection where a world approval Veritas, – leader from tight reinforced fiber Hexcel testing, prepregs services. received Bureau
like playing components other in role wind-assisted sustainable, propulsion. enabling result, increased materials, are lightweight especially aerospace, of whether for structural an that is Again, or As share mass a products ship improve team helping fuel-efficient manufacturer R&D our our Hexcel’s day take integral case, in large emissions. anticipate moment more we review in marine, automotive that whole of our a with spent reduce sales to month composite a I’d progress earlier and team transportation, leadership our to processes. and this innovations toward both in advanced to composites every to the continued and efficiency
processes. a maximizing has team as on composite R&D our lighter solutions well Our relentless efficiency stronger and focus the production of as
the I Not composite While advance fully dedicated core solutions to share work, honeycomb to next-generation technology focus life carbon fiber advanced of our continuing only toward our tell sustainable our can Hexcel of that their are programs, I customers’ on more they ensuring solutions. that you continue future specifics can’t development and and lightweight for demands. proposed meet they’re scientists do to end
Hexcel strong final as almost and to quarter $X.XX XX% sales As constant research our of EPS look some our and and our currency you early City R&D all forward are up technological a reminder, forward center future. we sharing I last of which with flagship at and are Year-to-date year-over-year Lake this Salt reflect enter momentum in of of year, performance their the in work total to U.S. in team the technology into moving time XXXX. XXXX $X.XX breakthroughs their compared
it the Now let to provide turn me Patrick more to over details numbers. on
