Hexcel Q3 2022 Earnings Report
Key Takeaways
Hexcel Corporation reported Q3 2022 results with net sales of $365 million and adjusted diluted EPS of $0.33. The company narrowed its 2022 financial guidance ranges and raised its EPS midpoint based on strong year-to-date execution.
Q3 2022 GAAP diluted EPS was $0.31, and adjusted diluted EPS was $0.33, compared to Q3 2021 GAAP diluted EPS of $0.11 and adjusted diluted EPS of $0.13.
Q3 2022 Sales were $365 million, compared to $334 million in Q3 2021.
FY 2022 adjusted diluted EPS guidance revised to $1.12 to $1.24 from the previous $1.00 to $1.24.
FY 2022 sales guidance revised to $1.53 billion to $1.60 billion previously $1.50 billion to $1.63 billion.
Hexcel
Hexcel
Hexcel Revenue by Segment
Forward Guidance
Hexcel narrowed its 2022 financial guidance ranges and raising its EPS midpoint based on its strong execution year to date.
Positive Outlook
- Sales of $1.53 billion to $1.60 billion (previously $1.50 billion to $1.63 billion)
- Adjusted diluted earnings per share of $1.12 to $1.24 (previously $1.00 to $1.24)
- Free cash flow in the range of $100 million (previously greater than $145 million)
- Accrual basis capital expenditures of approximately $75 million (unchanged)
- Underlying effective tax rate is estimated to be 22% (previously 23%)
Revenue & Expenses
Visualization of income flow from segment revenue to net income