Hexcel Corporation
HXL
ISIN US4282911084 / Valor 337618
Hexcel Corporation
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About company
Hexcel Corporation is a leading advanced composites company, primarily known for manufacturing high-performance carbon fiber, reinforcements, resins, prepregs, honeycomb, adhesives, engineered core, and composite structures. These materials are critical in the production of aerospace, defense, and industrial applications, including commercial and military aircraft, wind turbine blades, and automotive components. The company's expertise in lightweight, high-strength, and durable materials positions it as a key supplier in sectors where structural integrity and weight reduction are paramount. Hexcel's commitment to innovation and quality has established it as a partner of choice among leading manufacturers seeking to enhance performance while adhering to stringent safety and environmental standards. With a global footprint and a diversified product portfolio, Hexcel continues to expand its reach and capabilities, addressing the evolving needs of its customers across various industries.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (07.08.2024):
Revenue Growth
Hexcel Corporation reported net sales of $500.4 million for the second quarter of 2024, marking a 10.1% increase compared to $454.3 million in the second quarter of 2023. This growth was driven by strong performance across various segments, particularly in commercial aerospace.
Earnings Per Share
For the second quarter of 2024, Hexcel Corporation achieved a GAAP diluted earnings per share (EPS) of $0.60, up from $0.50 in the same quarter of the previous year. The adjusted diluted EPS also stood at $0.60, reflecting a 20% year-over-year increase.
Operating Income
Hexcel Corporation's operating income for Q2 2024 was $71.8 million, a 17.1% increase from $61.3 million in Q2 2023. The adjusted operating income was $72.0 million, representing 14.4% of sales, compared to $61.8 million or 13.6% of sales in the same period last year.
Net Income
Hexcel Corporation reported a net income of $50.0 million for the second quarter of 2024, a 17.6% increase from $42.5 million in the second quarter of 2023. This improvement in net income reflects the company's strong operational performance and revenue growth.
Revised 2024 Guidance
Hexcel Corporation has revised its full-year 2024 guidance, now expecting sales between $1.90 billion and $1.98 billion, down from the previous range of $1.925 billion to $2.025 billion. The adjusted diluted EPS is projected to be between $2.02 and $2.18, compared to the earlier guidance of $2.10 to $2.30.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5088 M
Market cap (USD)
66,621
Daily traded volume (Shares)
63.34 / 62.25
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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