Hexcel's Q3 Earnings Surpass Estimates, Sales Improve Y/Y

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 ...