Hexcel Q2 2022 Earnings Report
Key Takeaways
Hexcel Corporation reported second quarter 2022 results including net sales of $393 million and adjusted diluted EPS of $0.33 per share. The company's performance was driven by the ongoing recovery in air travel, strength in Space and Defense, and success in Industrial markets.
Q2 2022 GAAP diluted EPS was $0.53 and adjusted diluted EPS was $0.33, compared to Q2 2021 GAAP diluted EPS of $0.03 and adjusted diluted EPS of $0.08.
Q2 2022 Sales were $393 million, compared to $320 million in Q2 2021.
Commercial Aerospace sales increased 48.1% for the second quarter of 2022 compared to the second quarter of 2021, led by growth in the A350, A320neo and 737 MAX programs.
Full year 2022 guidance was reaffirmed.
Hexcel
Hexcel
Hexcel Revenue by Segment
Forward Guidance
Hexcel reaffirmed its full year 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%