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 reports developments in advanced lightweight composite materials for commercial aerospace, defense and space, and industrial applications. Its news commonly covers quarterly results, aircraft production-rate demand, dividends, customer supplier recognition, leadership changes, and product categories including carbon fiber, specialty reinforcements, prepregs, honeycomb, resins, engineered core, and composite structures.
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.
Hexcel Corporation (NYSE: HXL) has declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend is payable on February 18, 2022, to stockholders of record as of February 11, 2022. This announcement reflects Hexcel's commitment to returning value to its shareholders while maintaining its position as a leader in advanced lightweight composites technology, utilized across various sectors including aerospace, space, defense, and industrial applications.
Hexcel Corporation (NYSE: HXL) reported Q4 2021 results with net sales of $360.3 million, up 21.8% from Q4 2020. Adjusted diluted EPS was $0.16, improving from a loss of $0.18 year-over-year. For FY 2021, net sales decreased 11.8% to $1.32 billion, while GAAP diluted EPS fell 50% to $0.19. The company reinstated a quarterly dividend of $0.10 per share and provided 2022 guidance, anticipating sales between $1.50 and $1.63 billion and adjusted EPS of $1.00 to $1.24.
Hexcel Corporation (NYSE: HXL) will report its financial results for Q4 2021 on January 26, after market close. A conference call is scheduled for January 27, at 10 a.m. ET, hosted by CEO Nick Stanage and CFO Patrick Winterlich. Interested parties can access the call via the Investor Relations webpage or by dialing +1 (646) 960-0452. A replay will be available two hours after the call concludes.
Hexcel Corporation (NYSE: HXL) reported Q3 2021 results with net sales of $334 million, a 16.3% increase year-over-year, and adjusted diluted EPS of $0.13, a significant rise from $(0.29) in Q3 2020. However, YTD sales dropped 20.1% from 2020 levels. The commercial aerospace sector saw 29.8% growth, while space and defense sales were stable. The gross margin improved to 19.8%. Despite operational successes, the company suspended dividends and noted a decline in free cash flow to $49 million, raising concerns over financial guidance amid ongoing market uncertainties.
Hexcel Corporation (NYSE: HXL) has commenced construction on a new Center of Research & Technology Excellence in West Valley City, Utah. This 100,000-square-foot facility, expected to be completed by late 2022, will serve as a hub for advanced composite technologies, focusing on aerospace, space, defense, and industrial applications. The center aims to create up to 150 jobs over the next 12 years and is set to enhance collaboration with customers. Hexcel's existing operations in West Valley City already include a major carbon fiber manufacturing site employing approximately 600 people.
Hexcel Corporation (NYSE: HXL) will release its third quarter financial results on October 18 after market close. A webcast and conference call discussing these results will occur on October 19 at 10 a.m. ET, hosted by Chairman and CEO Nick Stanage alongside CFO Patrick Winterlich. Interested parties can access the event through the Investor Relations webpage or by dialing +1 (646) 960-0452, conference ID 3428143. A replay will be available approximately two hours post-event.
Hexcel Corporation (NYSE: HXL) reported a net sales decline of 15.4% to $320.3 million in Q2 2021, with a year-to-date decrease of 31.4% to $630.6 million. Adjusted diluted EPS was $0.08, unchanged from the previous year. Although operating income improved significantly to $16.2 million, net loss for the year-to-date was $11.8 million. The commercial aerospace segment saw a 24.6% decrease in sales, while Space & Defense experienced a nominal decline of 1.4%. Free cash flow for the first half was $29.7 million, with strong liquidity reported at $115 million in cash.