earnings
confidence high
sentiment neutral
materiality 0.70
Hexcel Q1 adjusted EPS $0.44 vs $0.50 YoY; sales up 3.2% to $472M
HEXCEL CORP /DE/
- GAAP diluted EPS $0.43 (down 14% YoY); adjusted diluted EPS $0.44 (down 12%).
- Sales $472.3M (+3.2% YoY); Commercial Aerospace +5.2%, Space & Defense +10.2%, Industrial -27.9%.
- Free cash flow -$35.7M (prior year -$41.5M); capex $28.7M.
- Returned $113M to shareholders via $100.7M share repurchases and dividends.
- FY 2024 guidance reaffirmed: sales $1.925-$2.025B, adjusted EPS $2.10-$2.30.