Hexcel Q3 2022 EPS $0.31 ($0.33 adj); sales $365M +9.3%; narrows FY2022 guidance

HEXCEL CORP /DE/

GAAP diluted EPS $0.31, adjusted $0.33; net income $26.8M vs $9.0M a year ago.
Sales $364.7M, up 9.3% (12.2% constant currency); Commercial Aerospace +25.1% led by A350 and A320neo.
FY2022 sales guidance narrowed to $1.53-1.60B; adjusted EPS guidance narrowed to $1.12-1.24.
Free cash flow guidance lowered to ~$100M from >$145M; capex unchanged at ~$75M.
Quarterly dividend declared $0.10 per share, payable Nov 14 to holders of record Nov 4.

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