Hexcel ( (HXL) ) just unveiled an update.
Hexcel Corporation reported a strong third quarter for 2024, with sales increasing by 8.8% to $457 million and a notable 17% growth in commercial aerospace, despite ongoing supply chain challenges. The company’s adjusted diluted EPS rose to $0.47, with expectations for the full year to hit the lower end of guidance due to these challenges. Hexcel’s long-term outlook remains positive, driven by demand for lightweight materials in aerospace, while the company continues to focus on execution and cash generation, repurchasing $50 million of common stock in the quarter.
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