earnings
confidence high
sentiment negative
materiality 0.75
Hexcel Q2 adjusted EPS $0.60, revenue up 10%; lowers FY2024 sales/EPS guidance
HEXCEL CORP /DE/
- Q2 2024 net sales $500.4M (+10.1% YoY); adjusted diluted EPS $0.60 vs $0.50.
- Commercial Aerospace sales rose 21.3%; Industrial fell 22.3%; Space & Defense up 1.0%.
- FY2024 guidance revised: sales $1.90-1.98B (prev. $1.925-2.025B); adj. EPS $2.02-2.18 (prev. $2.10-2.30).
- Board declared $0.15 quarterly dividend payable Aug 9, 2024; $100M shares repurchased in Q2.
- Free cash flow negative $14.4M in H1 2024; FY guidance around $200M.