Loading...
•
Sep 30, 2023
Hexcel Q3 2023 Earnings Report
Hexcel reported Q3 2023 results with net sales of $420 million and adjusted diluted EPS of $0.38 per share.
Key Takeaways
Hexcel's Q3 2023 sales increased by 15% year-over-year, driven by robust growth in Commercial Aerospace and sustained demand in Space and Defense markets. The company delivered a double-digit operating margin of 10.2% and an adjusted EPS of $0.38, a 15% increase year-over-year.
Q3 2023 Sales were $420 million, an increase of 15.0% over Q3 2022 sales of $365 million (13.2% increase in constant currency).
Q3 2023 GAAP diluted EPS of $0.45 compared to Q3 2022 GAAP diluted EPS of $0.31.
Q3 2023 adjusted diluted EPS of $0.38, compared to Q3 2022 adjusted diluted EPS of $0.33.
FY 2023 guidance is reaffirmed.
Revenue by Segment
Forward Guidance
Hexcel reaffirms its FY 2023 guidance, including sales of $1.765 billion to $1.835 billion, adjusted diluted earnings per share of $1.80 to $1.94, and free cash flow of greater than $110 million.
Positive Outlook
- Sales of $1.765 billion to $1.835 billion
- Adjusted diluted earnings per share of $1.80 to $1.94
- Free cash flow of greater than $110 million
- Accrual basis capital expenditures of approximately $130 million
- Underlying annual effective tax rate is estimated to be 21% (previously 23%)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...