Hexcel Q1 2020 Earnings Report
Key Takeaways
Hexcel Corporation reported a decrease in net sales and adjusted diluted EPS for the first quarter of 2020, primarily due to the Boeing 737 MAX grounding and the COVID-19 pandemic. The company is taking cost reduction actions and has withdrawn its 2020 and mid-term financial guidance.
Q1 2020 GAAP diluted EPS was $0.50 and adjusted diluted EPS of $0.64, compared to Q1 2019 GAAP diluted EPS and adjusted diluted EPS of $0.84.
Q1 2020 Sales were $541 million, compared to $610 million in the first quarter of 2019.
Strong liquidity at March 31, 2020 included cash of $329 million and revolver borrowing availability of $307 million.
2020 and mid-term financial guidance is withdrawn due to COVID-19 pandemic.
Hexcel
Hexcel
Hexcel Revenue by Segment
Forward Guidance
The Company has withdrawn all previously provided 2020 and mid-term financial guidance due to the market uncertainties from the global pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income