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Hexcel Corp. - HXL STOCK NEWS

Welcome to our dedicated news page for Hexcel (Ticker: HXL), a resource for investors and traders seeking the latest updates and insights on Hexcel.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hexcel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hexcel's position in the market.

News
Hexcel Declares Quarterly Dividend
Rhea-AI Summary
Hexcel (NYSE: HXL) declares a quarterly cash dividend of $0.15 per share. The dividend is payable to stockholders of record as of May 3, 2024, with a payment date of May 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Hexcel Reports 2024 First Quarter Results
Rhea-AI Summary
Hexcel (NYSE: HXL) reported Q1 2024 results with net sales of $472 million and adjusted diluted EPS of $0.44 per share. Sales increased in Commercial Aerospace and Space & Defense sectors. The company reaffirmed its full-year 2024 guidance. Hexcel continues to focus on growth, margin expansion, and cash generation in the aerospace market.
Rhea-AI Impact
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Tom Gentile Appointed CEO & President at Hexcel Corporation
Rhea-AI Summary
Hexcel appoints Thomas C. Gentile III as CEO & President, succeeding Nick Stanage who transitions to Executive Chairman role. Gentile brings extensive leadership experience in aviation and healthcare industries. The company reaffirms its 2024 and mid-term financial guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.38%
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Hexcel Schedules First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Hexcel (HXL) will release its first quarter 2024 financial results on April 22, followed by a webcast and conference call on April 23. The call will be led by Chairman, CEO, and President Nick Stanage and CFO Patrick Winterlich.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
earnings
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Hexcel Provides Financial Outlook
Rhea-AI Summary
Hexcel Corporation (HXL) provided a positive long-term financial outlook during its Investor Day, expecting strong sales growth and earnings expansion over the next three years. The company anticipates total sales growth of 10%-12% CAGR, with Commercial Aerospace leading at 12%-16% CAGR. Adjusted Diluted Earnings Per Share are projected to grow at over 25% CAGR. Hexcel plans to maintain capital expenditures below $100 million annually, targeting Adjusted EBITDA exceeding $1.5 billion and Free Cash Flow surpassing $800 million for the period 2024-2026. The company also announced a $300 million share repurchase program. Hexcel's management highlights innovation, customer relationships, and market growth as key drivers for value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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Hexcel Announces 2024 Investor Day
Rhea-AI Summary
Hexcel Corporation (NYSE: HXL) will host an Investor Day to discuss innovation, growth roadmap, and financial outlook. Chairman Nick Stanage and CFO Patrick Winterlich will present on February 20, 2024, in New York City and via webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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none
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Hexcel Declares Quarterly Dividend
Rhea-AI Summary
Hexcel Corporation (HXL) has declared a regular quarterly cash dividend of $0.15 per share on its common stock, payable to stockholders of record as of February 9, 2024, with a payment date of February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.43%
Tags
dividends
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News
Hexcel Reports 2023 Fourth Quarter and Full Year Results
Rhea-AI Summary
Hexcel Corporation (NYSE: HXL) reported Q4 2023 net sales of $458 million, with a 6.5% increase from Q4 2022, and FY 2023 sales of $1,789 million, up 13.4% from FY 2022. Q4 2023 GAAP diluted EPS was $(0.21) compared to $0.43 in Q4 2022, while FY 2023 GAAP diluted EPS was $1.24 compared to $1.49 in FY 2022. The company divested its 50% interest in Boeing/Hexcel 50:50 ACM JV to Boeing in Q4 2023 and reported a free cash flow of $149 million in FY 2023. Hexcel's 2024 guidance includes sales of $1.925 billion to $2.025 billion, adjusted diluted EPS of $2.10 to $2.30, and free cash flow of greater than $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.43%
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none
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Hexcel Schedules Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Hexcel Corporation (NYSE: HXL) will report Q4 2023 financial results on January 24, 2023, followed by a webcast and conference call on January 25, 2023, hosted by Chairman, CEO, and President Nick Stanage and CFO Patrick Winterlich.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
earnings
News
Hexcel Declares Quarterly Dividend
Rhea-AI Summary
Hexcel Corporation declares quarterly cash dividend of $0.125 per share on common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.66%
Tags
dividends
Stock HXL logo
Hexcel Corp.

NYSE:HXL

HXL Rankings

#1176 Ranked by Market Cap
#1491 Ranked by Stock Gains
#1842 Ranked by Dividends

HXL Stock Data

5.20B
83.71M
0.65%
100.21%
2.12%
Plastics Material and Resin Manufacturing
Manufacturing
Link
US
Stamford

About HXL

as a leading producer of carbon fiber reinforcements and resin systems, and the world leader in honeycomb manufacturing for the commercial aerospace industry, we are the strength within hundreds of products offered in multiple markets across the globe.