secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000950170-24-084434
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hexcel Q2 adjusted EPS $0.60, revenue up 10%; lowers FY2024 sales/EPS guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000095017024084434/0000950170-24-084434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000095017024084434/hxl-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084434

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