Hexcel Tops Expectations for Q3 Adjusted EPS; Keeps 2024 Outlook, Quarterly Dividend of $0.15

MT Newswires Live
22 Oct 2024

Hexcel (HXL) late Monday reported Q3 adjusted net income of $0.47 per diluted share, compared with $0.38 a year earlier.

Analysts polled by Capital IQ expected $0.46.

Revenue for the quarter ended Sept. 30 was $456.5 million, compared with $419.5 million a year earlier.

Analysts expected $462.5 million.

For 2024, the composites technology company continues to project adjusted EPS of $2.02 to $2.18 on revenue of $1.9 billion to $1.98 billion.

Analysts are looking for $2.06 and $1.93 billion, respectively.

Separately, Hexcel kept its quarterly dividend unchanged at $0.15 per share, payable Nov. 8 to shareholders of record on Nov. 1

Price: 62.22, Change: -1.38, Percent Change: -2.17

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