The stocks have underperformed in 2024, but they all have great long-term growth prospects and investors should look at buying them on a dip. It hasn't been a banner year so far for shares in ON Semiconductor (ON -5.49%), advanced materials company Hexcel (HXL -3.23%), and design and test solutions company Keysight Technologies (KEYS -4.40%). All three stocks are down 11% to 15% on the year at the time of writing, but that doesn't mean you shouldn't buy them. On the contrary, they all look like a great valu ...

The Zacks Consensus Estimate for HXL's second-quarter earnings is pegged at 55 cents. Operational Update Commercial Aerospace: Net sales increased 21.3% year over year to $320.7 million, driven by widebody and narrowbody sales growth. As of Jun 30, 2024, Hexcel's cash and cash equivalents were $75.4 million compared with $227 million as of Dec 31, 2023. Guidance Zacks Rank AAR Corp. (AIR) reported fourth-quarter fiscal 2024 adjusted earnings of 88 cents per share, which surpassed the Zacks Consensus Estimat ...

This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this maker of lightweight composite materials would post earnings of $0.44 per share when it actually produced earnings of $0.44, delivering no surprise. Hexcel shares have lost about 7.9% since the beginning of the year versus the S&P 500's gain of 17.2%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only d ...

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 June 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 1-8472 Hexcel Corporation (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------|-------|------------------|-------|---------|---------------------------|-------|--------------------|-------|------------------------------------------|-------|-------------------------------------|----------------------| | Six Months Ended June 30, 2024 and 2023 \n(In millions) \nMarket \nCommercial Aerospace | | \n2024 \n620.0 | $ | ...

Zacks Consensus Estimate The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This maker of lightweight composite materials is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +12%. Estimate Revisions Trend Investors should keep in mind that the direction of estimate revision ...

Matthieu Douhaire /iStock Editorial via Getty Images I have covered Hexcel (XCL) for several years now, and while I'm bullish on the company's prospects, the reality is that the stock price has gone nowhere but down over the past few years. More recently, there have been some changes that I'm also not quite impressed with. So, I believe it's a good time for me to carefully reconsider my buy rating for the business in a balanced way. Hexcel CEO Change Adds To Risks One thing that I'm not impressed with about ...

It has been about a month since the last earnings report for Hexcel (HXL) . Shares have added about 10.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Hexcel due for a pullback? 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 drivers. Hexcel's Q1 Earnings Match Estimates, Sales Miss Hexcel ...

Financial Data and Key Metrics Changes - First quarter sales exceeded $472 million, representing a 3% increase compared to Q1 2023 [51] - Adjusted diluted EPS for the first quarter was $0.44, down year-over-year but up sequentially [51] - Gross margin for Q1 2024 was 25%, compared to 27.9% in Q1 2023, with a sequential improvement of 250 basis points from Q4 2023 [83][84] - Adjusted operating income was $54.1 million, or 11.5% of sales, down from $63 million or 13.8% in the prior year [86] Business Line Data and Key Metrics Changes - Commercial Aerospace sales were approximately $299.3 million, a 5.2% increase compared to Q1 2023, driven by growth in wide-body programs [81] - Space & Defense sales totaled $139 million, a 10% increase in constant currency compared to Q1 2023, led by programs like the Lockheed Martin F-35 [52][54] - Industrial sales were about $34 million, representing a decline of over 28% year-over-year due to reduced consumer spending [74] Market Data and Key Metrics Changes - The commercial aerospace market saw a recovery in global passenger traffic, surpassing 2019 levels, which positively impacted sales [66] - Narrow-body sales showed sequential improvement, although challenges remain in the supply chain [68] - The industrial market faced softness as global consumers pulled back on spending, affecting sales across various submarkets [74] Company Strategy and Development Direction - The company aims to drive operating income margins back to mid-teens and beyond, targeting a return to 17%-18% levels [42] - Focus on innovation and advancing technologies in lightweight composites to meet growing demand in aerospace and defense sectors [78] - The transition in leadership to Tom Gentile is expected to maintain momentum and focus on execution and operational excellence [100][102] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the recovery in the aerospace sector, particularly in wide-body production, despite challenges in narrow-body supply chains [67][108] - The geopolitical situation is expected to stimulate investment in defense systems, potentially leading to increased demand for Space & Defense products [112] - Management remains confident in achieving full-year guidance and mid-term growth targets, supported by strong customer relationships and market demand [78][124] Other Important Information - The company repurchased $101 million of stock during the first quarter and declared a quarterly dividend of $0.15 per share [89] - The company is focused on tightly managing working capital, with cash used in operating activities decreasing compared to the previous year [87] Q&A Session Summary Question: Visibility into industrial revenue guidance - Management acknowledged challenges in the European market affecting industrial revenue but noted strong order activity and customer engagement [7][8] Question: Margin implications of industrial revenue decline - Management indicated that the decline in industrial sales has a small margin impact, with expectations for improvement over time [9][10] Question: Destocking in the narrow-body segment - Management clarified that destocking was minimal, with some signs of restocking, particularly in wide-body programs [18][116] Question: Share repurchase and diluted shares - Management explained that the increase in diluted shares was due to normal Q1 stock issues, with the impact of share buybacks expected to be seen in subsequent quarters [118] Question: Expectations for A350 and Airbus - Management expressed confidence in the A350 program, noting strong orders and visibility into customer demand for wide-body aircraft [125]

Hexcel Corporation (HXL) reported first-quarter 2024 adjusted earnings of 44 cents per share, which came in line with the Zacks Consensus Estimate.In the first quarter, Hexcel posted GAAP earnings of 43 cents per share compared to the prior-year quarter’s earnings of 50 cents.Total SalesIn the first quarter, the company’s net sales totaled $472.3 million, which missed the Zacks Consensus Estimate of $475 million by 0.6%. However, the top line witnessed an improvement of 3.2% from the year-ago quarter’s repo ...