reports
Hexcel Declares Quarterly Dividend
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.15 per share on the common stock of Hexcel, payable to stockholders of record as of May 3, 2024, with a payment date of May 10, 2024. About Hexcel is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher, helping ...
Hexcel Reports 2024 First Quarter Results
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL): Q1 2024 GAAP diluted EPS of $0.43 compared to Q1 2023 GAAP diluted EPS of $0.50. Q1 2024 adjusted diluted EPS of $0.44, compared to Q1 2023 adjusted diluted EPS of $0.50. Q1 2024 Sales were $472 million, an increase of 3.2% over Q1 2023 sales of $458 million (3.1% increase in constant currency). Returned $113 million in Q1 2024 to stockholders via share repurchases and dividends. Full year 2024 guidance is reaffirmed. See Table C for reconciliation of GAAP and non-GAAP operating income, net income, earni...
Tom Gentile Appointed CEO & President at Hexcel Corporation
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that following a comprehensive succession process, its Board of Directors has appointed Thomas C. Gentile III as Chief Executive Officer & President of Hexcel Corporation, effective May 1. He also is expected to be appointed to the Board of Directors following the annual shareholder meeting on May 2. He will succeed Chairman, CEO & President Nick Stanage who worked closely with the Board on his desire to retire at the end of the year. Mr. Stanage will become Executive Chairman of the Board to ensure a smooth an...
Hexcel Schedules First Quarter 2024 Earnings Release and Conference Ca...
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its first quarter of 2024 on Monday, April 22 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, April 23 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the at . The event can also be accessed by dialing +1 (646) 307-1963. The conference ID is 2360739. A replay of the call...
Hexcel Provides Financial Outlook
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL), a global leader in advanced lightweight composites technology, announced today its longer-term financial outlook during the Company’s Investor Day held in New York City. Chairman, CEO and President Nick Stanage said: “Hexcel is benefitting from both cyclical growth as aircraft production rates increase to support strong demand, and from secular growth reflecting our advanced composite technology value proposition as lightweighting supports fuel efficiency and emissions reduction. We are forecasting strong sales growth over th...
Hexcel Announces 2024 Investor Day
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL), a global leader in advanced lightweight composites technology, will be hosting an Investor Day on February 20, 2024, in New York City and via webcast. During the event, Chairman, Chief Executive Officer and President Nick Stanage and Executive Vice President and Chief Financial Officer Patrick Winterlich will discuss the innovation and growth roadmap for Hexcel in the coming years and provide the medium-term forecasted financial outlook for the Company. Presentations will begin at 9:00 a.m. ET and will conclude later that m...
Moody's announces completion of a periodic review of ratings of Hexcel...
Moody's Investors Service (Moody's) has completed a periodic review of the ratings of Hexcel Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 29 January 2024 in which Moody's reassessed the appropriateness of the ratings...
Hexcel Declares Quarterly Dividend
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.15 per share on the common stock of Hexcel, payable to stockholders of record as of February 9, 2024, with a payment date of February 16, 2024. About Hexcel is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher...
Hexcel Reports 2023 Fourth Quarter and Full Year Results
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL): Strategic buy-out of UK defined benefit pension plan in Q4 2023. $1.9 million cash surplus returned to Hexcel and GAAP EPS impacted by a non-cash charge of $70.5 million. Q4 2023 GAAP diluted EPS of $(0.21), compared to Q4 2022 GAAP diluted EPS of $0.43. Q4 2023 adjusted diluted EPS of $0.43, compared to Q4 2022 adjusted diluted EPS of $0.40. Q4 2023 Sales were $458 million, compared to $429 million in Q4 2022. FY 2023 GAAP diluted EPS of $1.24 compared to FY 2022 GAAP diluted EPS of $1.49. FY 2023 adjusted dil...
Hexcel Schedules Fourth Quarter 2023 Earnings Release and Conference C...
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its fourth quarter of 2023 on Wednesday, January 24 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Thursday, January 25 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the at . The event can also be accessed by dialing +1 (646) 960-0452. The conference ID is 3428143. A replay of...
Hexcel Declares Quarterly Dividend
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.125 per share on the common stock of Hexcel, payable to stockholders of record as of November 3, 2023, with a payment date of November 13, 2023. About Hexcel is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and toughe...
Hexcel Reports 2023 Third Quarter Results
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL): Q3 2023 Sales were $420 million, an increase of 15.0% over Q3 2022 sales of $365 million (13.2% increase in constant currency). Q3 2023 GAAP diluted EPS of $0.45 compared to Q3 2022 GAAP diluted EPS of $0.31. Q3 2023 adjusted diluted EPS of $0.38, compared to Q3 2022 adjusted diluted EPS of $0.33. FY 2023 guidance is reaffirmed. See Table C for reconciliation of GAAP and non-GAAP operating income, net income, earnings per share and operating cash flow to free cash flow. Free cash flow is cash from operation...
Hexcel Schedules Third Quarter 2023 Earnings Release and Conference Ca...
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its third quarter of 2023 on Monday, October 23 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, October 24 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the at . The event can also be accessed by dialing +1 (646) 960-0452. The conference ID is 3428143. A replay of the ...
Hexcel Declares Quarterly Dividend
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.125 per share on the common stock of Hexcel, payable to stockholders of record as of August 4, 2023, with a payment date of August 11, 2023. About Hexcel is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher, h...
Hexcel Schedules Second Quarter 2023 Earnings Release and Conference C...
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its second quarter of 2023 on Monday, July 24 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, July 25 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the at . The event can also be accessed by dialing +1 (646) 960-0452. The conference ID is 3428143. A replay of the call ...
Hexcel Declares Quarterly Dividend
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.125 per share on the common stock of Hexcel, payable to stockholders of record as of May 5, 2023, with a payment date of May 12, 2023. About Hexcel is a global leader in advanced lightweight composites technology. We propel the future of flight, energy generation, transportation, and recreation through excellence in providing innovative high-performance material solutions that are lighter, stronger and tougher, helping...
Hexcel Schedules First Quarter 2023 Earnings Release and Conference Ca...
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its first quarter of 2023 on Monday, April 24 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, April 25 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the at . The event can also be accessed by dialing +1 (646) 960-0452. The conference ID is 3428143. A replay of the call w...
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