Boeing's Impact on Hexcel - Boeing's struggles in 2024 significantly affected Hexcel, a major supplier of carbon fiber materials, leading to a 15% decline in Hexcel's shares despite the S&P 500 rising by 23% [1] - Boeing, a key customer accounting for nearly two-thirds of Hexcel's revenue, reduced its material purchases due to manufacturing and engineering issues, causing a government-ordered slowdown in aircraft production [2][3] - Hexcel was forced to lower its financial expectations for 2024 and withdraw its long-term guidance for double-digit compound annual revenue growth through 2026 due to Boeing's reduced demand [4] Hexcel's Business and Market Position - Hexcel specializes in producing lightweight carbon fiber materials, which are essential for fuel-efficient aircraft and other large equipment, with commercial aerospace making up nearly two-thirds of its revenue [2] - Despite the slump, Hexcel's composite materials remain a critical component of the new plane supply chain, with Airbus forecasting demand for over 42,000 new aircraft deliveries in the next 20 years [7] Investor Sentiment and Capital Management - Investors exited Hexcel in 2024 due to the uncertainty surrounding Boeing's recovery timeline and the lack of control Hexcel management had over external factors [5] - Hexcel managed to return capital to investors by reducing its share count by 4% over the past year and 16% over the past decade, while also paying a modest dividend yielding about 1% [6] Future Outlook - While Hexcel's long-term potential remains strong, the timing of demand recovery is uncertain, and investors will need to wait for Boeing's recovery to see Hexcel's business rebound [7][8]

A month has gone by since the last earnings report for Hexcel (HXL) . Shares have lost about 8.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Hexcel due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Hexcel's Q3 Earnings Surpass Estimates, Sales Improve Y/YHexc ...

Hexcel Corporation (NYSE:HXL) Q3 2023 Results Conference Call October 22, 2024 10:00 AM ET Company Participants Patrick Winterlich - Executive VP, CFO & Acting Corporate Controller Tom Gentile - CEO, President & Director Conference Call Participants Myles Walton - Wolfe Research Michael Ciarmoli - Truth Securities Matt Akers - Wells Fargo Ken Herbert - RBC Scott Mikus - Melius Research David Strauss - Barclays Gavin Parsons - UBS Gautam Khanna - TD Cowen Pete Skibitski - Alembic Global Sheila Kahyaoglu - J ...

Hexcel Corporation (HXL) reported third-quarter 2024 adjusted earnings of 47 cents per share, which improved 23.7% from the year-ago quarter’s figure of 38 cents.The bottom line also surpassed the Zacks Consensus Estimate of 46 cents by 2.2%.The company reported GAAP earnings of 49 cents per share, which increased 8.9% from the year-ago quarter’s figure of 45 cents. The year-over-year bottom line improvement can be attributed to higher net sales and operating income compared with the prior-year quarter.Tota ...

Hexcel (HXL) reported $456.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 8.8%. EPS of $0.47 for the same period compares to $0.38 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $456.18 million, representing a surprise of +0.07%. The company delivered an EPS surprise of +2.17%, with the consensus EPS estimate being $0.46.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Hexcel (HXL) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.17%. A quarter ago, it was expected that this maker of lightweight composite materials would post earnings of $0.55 per share when it actually produced earnings of $0.60, delivering a surprise of 9.09%. Over the last four ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 HXL New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1 ...

Hexcel Corporation Two Stamford Plaza| 281 Tresser Blvd., 16 Floor Stamford, CT 06901 USA www.hexcel.com th Exhibit 99.1 HEXCEL REPORTS 2024 THIRD QUARTER RESULTS • Q3 2024 Sales were $457 million, an increase of 8.8% over Q3 2023 sales of $420 million (8.3% increase in constant currency). • Q3 2024 GAAP diluted EPS of $0.49 compared to Q3 2023 GAAP diluted EPS of $0.45. • Q3 2024 adjusted diluted EPS of $0.47, compared to Q3 2023 adjusted diluted EPS of $0.38. • Full year 2024 results expected to be at the ...

Hexcel Corporation HXL will release earnings results for its third quarter after the closing bell on Monday, Oct. 21.Analysts expect the Stamford, Connecticut-based bank to report quarterly earnings at 46 cents per share, up from 38 cents per share in the year-ago period. Hexcel projects to report revenue of $456.9 million for the recent quarter, compared to $427.28 million a year earlier, according to data from Benzinga Pro.On July 18, Hexcel missed second-quarter revenue estimates and lowered its FY24 out ...

The upcoming report from Hexcel (HXL) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 21.1% compared to the year-ago period. Analysts forecast revenues of $456.18 million, representing an increase of 8.7% year over year. The consensus EPS estimate for the quarter has been revised 5.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Ahead of a ...