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Mar 31, 2022
Hexcel Q1 2022 Earnings Report
Hexcel reported strong Q1 2022 results driven by commercial aerospace recovery and sustained strength in space and defense.
Key Takeaways
Hexcel Corporation reported first quarter 2022 results with net sales of $391 million and adjusted diluted EPS of $0.22 per share. The company reaffirmed its full year 2022 guidance, focusing on meeting increasing product demand, optimizing cash generation, and driving innovation in advanced lightweight composite materials.
Q1 2022 GAAP diluted EPS was $0.21, and adjusted diluted EPS was $0.22, compared to Q1 2021 GAAP diluted EPS of ($0.17) and adjusted diluted EPS of ($0.10).
Q1 2022 Sales were $391 million, compared to $310 million in Q1 2021.
Commercial Aerospace sales increased 48.3% compared to Q1 2021.
Full year 2022 guidance is reaffirmed.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Hexcel reaffirmed its 2022 guidance.
Positive Outlook
- Sales of $1.50 billion to $1.63 billion
- Adjusted diluted earnings per share of $1.00 to $1.24
- Free cash flow greater than $145 million
- Accrual basis capital expenditures of approximately $75 million
- Underlying effective tax rate is estimated to be 23%
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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