Hexcel Q1: adjusted EPS $0.22, sales $391M up 26%; reaffirms FY guidance

HEXCEL CORP /DE/

GAAP diluted EPS $0.21 vs ($0.17) loss; adjusted EPS $0.22 vs ($0.10) loss.
Sales $390.6M up 25.9%; Commercial Aerospace +48.3%, Space & Defense +5.8%, Industrial +4.9%.
FY 2022 guidance reaffirmed: sales $1.50B-$1.63B, adj EPS $1.00-$1.24, FCF >$145M.
Quarterly dividend $0.10/sh declared, payable May 13 to holders of record May 6.
Q1 free cash flow -$39.9M vs -$6.1M; working capital use $74.3M.

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