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Mar 31, 2021
Hexcel Q1 2021 Earnings Report
First quarter results reported net sales of $310 million and adjusted diluted EPS of $(0.10) per share.
Key Takeaways
Hexcel Corporation reported first quarter 2021 results, with sales of $310 million and adjusted diluted EPS of $(0.10). The company is focused on cost controls amidst pandemic-related economic challenges and expects destocking to ease in the second quarter, with sales growth anticipated in the latter half of the year.
Q1 2021 Sales were $310 million, compared to $541 million in the first quarter of 2020.
Q1 2021 GAAP basic EPS of ($0.17) and adjusted basic EPS of ($0.10), compared to Q1 2020 GAAP diluted EPS of $0.50 and adjusted diluted EPS of $0.64.
Commercial Aerospace sales decreased 59.3% due to pandemic-induced build rate reductions and supply chain destocking.
Company achieved a significant portion of targeted overhead cost reductions of $150 million.
Revenue by Segment
Forward Guidance
The Company continues to withhold financial guidance due to the market uncertainties arising from the global pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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