earnings
confidence high
sentiment positive
materiality 0.75
Hexcel Q2 sales up 22.7% to $393M, GAAP EPS $0.53; reaffirms FY2022 guidance
HEXCEL CORP /DE/
- Q2 GAAP diluted EPS $0.53 vs $0.03 YoY; adjusted diluted EPS $0.33 vs $0.08.
- Net sales $393M, up 22.7% (25.9% constant currency); Commercial Aerospace +48.1%.
- Full year 2022 guidance reaffirmed: sales $1.50-1.63B, adjusted EPS $1.00-1.24, FCF >$145M.
- H1 free cash flow negative $19.6M vs positive $29.7M; company expects improvement for full year.
- Board declares $0.10/share quarterly dividend payable Aug 12, record Aug 5.