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Hexcel Corporation - HXL STOCK NEWS

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.

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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.
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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.
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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.
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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.
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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.
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Hexcel Corporation declares quarterly cash dividend of $0.125 per share on common stock
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Hexcel Corporation reports Q3 2023 sales of $420 million, a 15% increase compared to Q3 2022. GAAP diluted EPS is $0.45, up from $0.31 in Q3 2022. FY 2023 guidance is reaffirmed.
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Hexcel Corporation will report financial results for Q3 2023 on October 23. Webcast and conference call to discuss results on October 24. Replay available on website.
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FAQ

What is the current stock price of Hexcel Corporation (HXL)?

The current stock price of Hexcel Corporation (HXL) is $65.31 as of December 4, 2024.

What is the market cap of Hexcel Corporation (HXL)?

The market cap of Hexcel Corporation (HXL) is approximately 5.3B.

What does Hexcel Corporation specialize in?

Hexcel specializes in advanced composite materials, including carbon fiber reinforcements and resin systems, predominantly for the aerospace, defense, and industrial markets.

When was Hexcel Corporation founded?

Hexcel Corporation was founded in 1948.

Who are Hexcel's biggest customers?

Hexcel's biggest customers include Airbus and Boeing, with Airbus accounting for 38% of 2022 sales.

What are the main applications of Hexcel's products?

Hexcel's products are mainly used in aircraft frames, wings, engines, and other high-performance components in the aerospace industry.

What recent achievements has Hexcel made?

Hexcel has developed next-generation composite technologies that aim to reduce environmental impact and enhance fuel efficiency and performance.

How does Hexcel contribute to the defense sector?

Hexcel provides high-performance materials that meet the stringent performance standards required for military applications.

What is honeycomb manufacturing and why is it significant for Hexcel?

Honeycomb manufacturing involves creating structures with superior strength-to-weight ratios, essential for modern aerospace engineering. Hexcel is a world leader in this technique.

How does Hexcel maintain its market position?

Hexcel invests in research and development, maintains long-term partnerships, and offers a diversified product portfolio to stay competitive.

What markets does Hexcel serve besides aerospace and defense?

Besides aerospace and defense, Hexcel serves various industrial markets with innovative composite material solutions.

How does Hexcel contribute to sustainability?

Hexcel's latest developments focus on reducing environmental impact and improving the fuel efficiency and performance of their products.

Hexcel Corporation

NYSE:HXL

HXL Rankings

HXL Stock Data

5.29B
80.43M
0.69%
97.2%
3.04%
Aerospace & Defense
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
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