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Mar 31, 2024
Hexcel Q1 2024 Earnings Report
Hexcel reported first quarter 2024 results, including a sales increase of 3.2% and adjusted diluted EPS of $0.44.
Key Takeaways
Hexcel Corporation reported a 3.2% increase in sales to $472 million and an adjusted diluted EPS of $0.44 for the first quarter of 2024. The commercial aerospace market continues to show strong growth, driving sequential margin expansion.
Q1 2024 GAAP diluted EPS was $0.43, compared to $0.50 in Q1 2023.
Q1 2024 adjusted diluted EPS was $0.44, compared to $0.50 in Q1 2023.
Q1 2024 Sales were $472 million, a 3.2% increase over Q1 2023 sales of $458 million.
Returned $113 million to stockholders in Q1 2024 via share repurchases and dividends.
Hexcel
Hexcel
Forward Guidance
Full year 2024 guidance is reaffirmed.
Positive Outlook
- Sales of $1.925 billion to $2.025 billion
- Adjusted diluted earnings per share of $2.10 to $2.30
- Free cash flow of greater than $200 million
- Capital expenditures less than $100 million
- Effective tax rate of 22.0%