secwatch.observer — SEC 8-K summary
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Issuer:     HEXCEL CORP /DE/ (HXL)
CIK:        0000717605
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000950170-24-115958
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hexcel Q3 sales $457M (+8.8% YoY); adjusted EPS $0.47; withdraws mid-term guidance
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- Commercial Aerospace sales up 17.5% to $295.9M; Space & Defense flat at $128.2M; Industrial down 16.5% to $32.4M.
- Full-year 2024 sales and adjusted EPS expected at lower end of guidance ranges; effective tax rate reduced to ~19% from 22%.
- Withdraws previously issued mid-term guidance for 2024-2026; cites supply chain delays and slower production rate ramps.
- Repurchased $50M of stock in Q3 ($252M YTD); declared $0.15 quarterly dividend payable Nov 8.
- Free cash flow YTD $58.9M vs $3.7M a year ago; capex $68.4M (cash basis).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/717605/000095017024115958/0000950170-24-115958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/717605/000095017024115958/hxl-20241021.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-115958

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