Hexcel Q4 2021 Earnings Report
Key Takeaways
Hexcel Corporation reported Q4 2021 results, with net sales of $360.3 million and adjusted diluted EPS of $0.16. Commercial aerospace sales grew significantly, driving overall growth. The company is reinstating its quarterly dividend and providing financial guidance for 2022, expecting continued sales growth and earnings expansion.
Q4 2021 sales were $360.3 million, up from $295.8 million in Q4 2020.
GAAP diluted EPS was $0.22, and adjusted diluted EPS was $0.16, compared to losses in Q4 2020.
Commercial Aerospace sales increased by 57.6% compared to Q4 2020, driven by higher narrowbody, Airbus A350, and business jet sales.
The Board of Directors has re-instituted a quarterly dividend.
Hexcel
Hexcel
Forward Guidance
Hexcel provided financial guidance for 2022 with sales of $1.50 billion to $1.63 billion and adjusted diluted earnings per share of $1.00 to $1.24.
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%