Welcome to our dedicated page for Hexcel Corporation news (Ticker: HXL), a resource for investors and traders seeking the latest updates and insights on Hexcel Corporation 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 Corporation (NYSE: HXL) has declared a quarterly cash dividend of
Hexcel Corporation (NYSE: HXL) reported Q3 2022 GAAP diluted EPS of $0.31 and adjusted diluted EPS of $0.33, up from $0.11 and $0.13 in Q3 2021. Sales reached $365 million, a 9.3% increase year-over-year. FY 2022 adjusted diluted EPS guidance was revised to $1.12-$1.24, from $1.00-$1.24, while sales guidance was updated to $1.53-$1.60 billion. With strong demand in aerospace and defense, CEO Nick Stanage emphasized operational efficiency and flexibility in addressing challenges, forecasting a robust 2023 as supply chains recover.
Hexcel Corporation (NYSE: HXL) will report its third-quarter 2022 financial results on October 24 after the market closes. A webcast and conference call to discuss the results will occur on October 25 at 10 a.m. ET, featuring Chairman and CEO Nick Stanage and CFO Patrick Winterlich. Investors can access the call via the company's Investor Relations webpage or by dialing +1 (646) 960-0452 with conference ID 3428143.
Hexcel Corporation (NYSE: HXL) announced a quarterly cash dividend of $0.10 per share on its common stock. This dividend will be paid to shareholders of record as of August 5, 2022, with a payment date set for August 12, 2022. Hexcel, a leader in advanced lightweight composites technology, provides innovative material solutions for various sectors, including aerospace, space, defense, and industrial applications.
Hexcel Corporation (NYSE: HXL) reported strong Q2 2022 results, with net sales of $393 million, a 22.7% increase from Q2 2021's $320 million. The company achieved a GAAP diluted EPS of $0.53, significantly up from $0.03 last year. Adjusted diluted EPS rose to $0.33 from $0.08. Despite ongoing supply chain challenges, Hexcel remains optimistic about recovery in air travel and growth in commercial aerospace. Full year 2022 guidance remains unchanged, with anticipated sales between $1.50 billion and $1.63 billion.
Hexcel Corporation (NYSE: HXL) will announce its second quarter 2022 financial results on July 25 after market close. A conference call to discuss these results is scheduled for July 26 at 10 a.m. ET, hosted by Chairman and CEO Nick Stanage and CFO Patrick Winterlich. The event will be accessible via web streaming on the Investor Relations webpage and by phone at +1 (646) 960-0452, with conference ID 3428143.
Hexcel Corporation (NYSE: HXL) has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is payable to stockholders of record as of May 6, 2022, with a payment date set for May 13, 2022. This announcement reflects Hexcel's ongoing commitment to returning value to its shareholders while continuing to lead in advanced lightweight composites technology, serving various sectors including aerospace and industrial applications.
Hexcel Corporation (NYSE: HXL) reported Q1 2022 financial results with net sales of $391 million, up 25.9% from $310 million in Q1 2021. Adjusted diluted EPS rose to $0.22 from ($0.10). Operating income improved to $30.1 million compared to a loss of ($10.2 million) a year earlier. Commercial Aerospace sales surged 48.3% to $218.9 million, driven by increased demand. The company reaffirmed its full-year guidance for 2022, targeting sales between $1.50 billion to $1.63 billion and adjusted EPS of $1.00 to $1.24.
Archer Aviation Inc. (NYSE: ACHR) and Hexcel (NYSE: HXL) have signed a letter of intent for a strategic partnership aimed at supplying high-performance carbon fiber and resin systems for Archer's electric aircraft production. The collaboration seeks to mitigate supply chain risks as Archer advances its all-electric aircraft project. Hexcel will provide lightweight composite materials that enhance safety and aerodynamics while adhering to FAA certification standards. This partnership represents an important step for Archer in sustainable air mobility.
Hexcel Corporation (NYSE: HXL) will report its first quarter 2022 financial results on April 25 after market close. A conference call will be held on April 26 at 10 a.m. ET, led by CEO Nick Stanage and CFO Patrick Winterlich. The event will be webcast on their Investor Relations webpage and is accessible via phone at +1 (646) 960-0452, Conference ID: 3428143. A replay will be available shortly after the call concludes.
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