secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0000950170-24-007004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000095017024007004/0000950170-24-007004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000095017024007004/hxl-20240124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer