Hexcel Q4 adjusted EPS $0.43, sales $458M; FY24 guide: $1.93-2.03B sales, $2.10-2.30 adj EPS

HEXCEL CORP /DE/

Q4 GAAP diluted EPS $(0.21) due to $70.5M non-cash UK pension buy-out charge; adjusted diluted EPS $0.43 (+7.5% YoY).
Q4 sales $457.5M (+6.5% YoY), with Commercial Aerospace +4.4%, Space & Defense +20.4%, Industrial -19.3%.
FY23 adjusted EPS $1.81 (+41.4%), sales $1.79B (+13.4%), free cash flow $148.9M (vs $96.8M prior year).
Quarterly dividend increased 20% to $0.15/share; paid Feb 16 to holders of record Feb 9.
FY24 guidance: sales $1.925-2.025B, adj EPS $2.10-2.30, free cash flow >$200M; investor day Feb 20.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HEXCEL CORP /DE/ reported the fiscal quarter and year ended December 31, 2023 results: revenue $458 million, net income $(0.21) per diluted share, EPS $(0.21) per diluted share.

Period: the fiscal quarter and year ended December 31, 2023
Revenue: $458 million
Net income: $(0.21) per diluted share
EPS: $(0.21) per diluted share
Result: reported results

Exact text from the filing

EPS of $(0.21), compared to Q4 2022 GAAP diluted EPS of $0.43. • Q4 2023 adjusted diluted EPS of $0.43, compared to Q4 2022 adjusted diluted EPS of $0.40. • Q4 2023 Sales were $458 million, compared to $429 million in Q4 2022. • FY 2023 GAAP diluted EPS of $1.24 compared to FY 2022 GAAP diluted EPS of $1.49. FY 2023 adjusted diluted EPS of $1.81, compared to FY

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Source: SEC EDGAR

accession 0000950170-24-007004

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