Hexcel reports Q4 sales up 21.8% to $360M; reinstates dividend; guides FY22 sales $1.5B-$1.63B

HEXCEL CORP /DE/

Q4 GAAP EPS $0.22, adjusted $0.16, vs losses of ($0.23) and ($0.18) a year ago.
FY21 sales $1,324.7M (-11.8% YoY); adjusted EPS $0.27 vs $0.25 in FY20.
Board reinstates quarterly dividend $0.10/share, payable Feb 18, record Feb 11.
FY22 guidance: sales $1.50-1.63B, adj. EPS $1.00-1.24, free cash flow >$145M.
Commercial aerospace Q4 sales +57.6% YoY; Space & Defense -11.5%; Industrial +10.7%.

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