Welcome to our dedicated page for Hexcel news (Ticker: HXL), a resource for investors and traders seeking the latest updates and insights on Hexcel stock.
Hexcel Corporation (symbol: HXL) is a global leader in advanced composite materials, specializing in carbon fiber reinforcements and resin systems. Established in 1948, Hexcel has built a reputable brand recognized for its innovation and quality in manufacturing high-performance composite fibers, fabrics, resins, and structures. These materials are predominantly utilized in the commercial aerospace, defense, and various industrial markets.
Hexcel's products, which include lightweight yet durable materials designed to outperform traditional metals, are integral to a range of applications including aircraft frames, wings, and engines. The company's expertise is highlighted by its leadership in honeycomb manufacturing, a technique that provides superior strength-to-weight ratios essential for modern aerospace engineering.
With a significant portion of its revenue derived from major aerospace giants like Airbus and Boeing, Hexcel plays a critical role in the supply chain of these industry leaders. In 2022, Airbus accounted for 38% of Hexcel's sales, while Boeing was a major customer prior to the pandemic.
Besides aerospace, Hexcel serves the defense sector by providing materials that meet rigorous performance standards required for military applications. The company also caters to a diverse set of industrial markets, delivering innovative solutions that enhance the performance and efficiency of a wide range of products.
Recent achievements include the development of next-generation composite technologies aimed at reducing environmental impact, enhancing fuel efficiency, and improving overall performance. Hexcel continues to invest in research and development to stay at the forefront of material science, ensuring it meets the evolving needs of its customers.
Financially, Hexcel remains robust, with consistent revenue streams from long-term partnerships and a diversified product portfolio. The company's commitment to sustainability and innovation positions it favorably for future growth in the global marketplace.
Hexcel (NYSE: HXL) has priced an offering of $300 million of unsecured 5.875% Senior Notes due 2035 at 99.985% of their face value. The company expects to receive approximately $298 million in net proceeds, which will be used to redeem its existing unsecured 4.700% Senior Notes due 2025. The offering is expected to close on February 26, 2025, subject to customary closing conditions.
BofA Securities, Goldman Sachs & Co., and J.P. Morgan Securities are serving as joint book-running managers for the offering. The notes will be offered through a prospectus supplement and prospectus filed with the Securities and Exchange Commission.
Hexcel (NYSE: HXL) has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a regular quarterly dividend of $0.17 per share on common stock. The dividend will be paid to stockholders of record as of February 7, 2025, with the payment scheduled for February 14, 2025.
Hexcel (NYSE: HXL) reported Q4 2024 sales of $474 million, up 3.6% from Q4 2023, with adjusted diluted EPS of $0.52 compared to $0.43 in Q4 2023. Full-year 2024 sales reached $1,903 million, a 6.4% increase from 2023, with adjusted diluted EPS of $2.03 versus $1.81 in 2023.
The company's Commercial Aerospace segment, representing 63% of sales, grew 11.8% in 2024, driven by widebody aircraft programs. Space & Defense (30% of sales) increased 4.5%, while Industrial (7% of sales) decreased 20.9%.
Hexcel generated strong free cash flow of $203 million in 2024 and announced a 13% increase in quarterly dividend to $0.17. The company provided 2025 guidance projecting sales of $1.95-2.05 billion, adjusted EPS of $2.05-2.25, and free cash flow exceeding $220 million.
Hexcel (NYSE: HXL) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its financial results on Wednesday, January 22 after market close, followed by a webcast and conference call on Thursday, January 23 at 10 a.m. ET.
Chairman, CEO and President Tom Gentile and CFO Patrick Winterlich will host the event, which will be accessible via webcast on Hexcel's Investor Relations webpage and by phone at +1 (646) 307-1963 with conference ID 2360739. A replay will be available on the company's investor relations page approximately two hours after the call concludes.
Hexcel (NYSE: HXL) has announced a regular quarterly cash dividend of $0.15 per share on its common stock. The dividend will be payable to stockholders of record as of November 1, 2024, with a payment date set for November 8, 2024. This declaration by the company's Board of Directors demonstrates Hexcel's commitment to returning value to its shareholders through consistent dividend payments.
Hexcel (NYSE: HXL) reported Q3 2024 results with sales of $457 million, an 8.8% increase from Q3 2023. Adjusted diluted EPS was $0.47, up from $0.38 in Q3 2023. Commercial Aerospace sales grew 17.5%, driven by Airbus programs and Boeing 787. Space & Defense sales remained relatively flat, while Industrial sales declined 16.5%.
CEO Tom Gentile noted that while air traffic growth is driving demand for Hexcel's lightweight materials, supply chain challenges are delaying production rate increases. The company now expects FY 2024 results to be at the lower end of guidance ranges, benefiting from lower tax rates. Hexcel has withdrawn its previously issued mid-term guidance for 2024-2026 due to changes in production rate assumptions.
Year-to-date, Hexcel reported sales of $1,429.2 million, a 7.3% increase from 2023. The company generated free cash flow of $58.9 million in the first nine months of 2024 and repurchased $252.2 million of common stock.
Hexcel (NYSE: HXL) has announced the schedule for its third quarter 2024 earnings release and conference call. The company will report its financial results on Monday, October 21 after the market close. A webcast and conference call to discuss the highlights of the financial results will be held on Tuesday, October 22 at 10 a.m. ET.
The call will be hosted by CEO and President Tom Gentile and Chief Financial Officer Patrick Winterlich. Investors can access the event via webcast on the company's Investor Relations webpage or by dialing +1 (646) 307-1963 with the conference ID 2360739. A replay of the call will be available on Hexcel's website approximately two hours after its conclusion.
Hexcel (NYSE: HXL) has announced a quarterly cash dividend of $0.15 per share on its common stock. The dividend will be paid on August 9, 2024, to stockholders of record as of August 2, 2024. This regular dividend declaration demonstrates Hexcel's commitment to returning value to shareholders and maintaining a consistent dividend policy. The announcement provides clarity on the upcoming dividend payment and relevant dates for investors to be aware of.
Hexcel (NYSE: HXL) reported strong Q2 2024 results with sales of $500 million, up 10.1% year-over-year. GAAP diluted EPS rose to $0.60 from $0.50 in Q2 2023. Commercial Aerospace sales increased by 21.3%, driving overall growth. However, the company revised its full-year 2024 guidance, citing caution due to aircraft delivery levels and customer production plans.
Key financial highlights:
- Q2 2024 adjusted operating income: $72.0 million (14.4% of sales)
- Net income: $50.0 million, up 17.6% year-over-year
- Commercial Aerospace sales: $320.7 million, up 21.3%
- Space & Defense sales: $138.9 million, up 1.0%
- Industrial sales: $40.8 million, down 22.3%
The company repurchased $100 million of common stock in Q2, bringing the total 2024 repurchases to $200 million.
Hexcel (NYSE: HXL) has scheduled its second quarter 2024 earnings release for Thursday, July 18, before the market opens. A webcast and conference call to discuss the financial results will follow at 10 a.m. ET, hosted by CEO Tom Gentile and CFO Patrick Winterlich. The webcast will be accessible through the Investor Relations page on Hexcel's website, and a replay will be available approximately two hours after the call concludes.
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