Hexcel reports Q3 adjusted EPS 47c, consensus 46c

Reports Q3 revenue $456.5M, conseensus $456.9M. CEO and President Tom Gentile said, “Hexcel (HXL) saw 9% growth in total revenue year over year, driven by a robust 17% growth in commercial aerospace. Year-to-date commercial aerospace is now up 14%. Air traffic continues to grow post pandemic leading to record demand for aircraft that use Hexcel lightweight materials, but supply chain challenges in the global aerospace industry continue to delay planned production rate increases at our major customers. Our customers are currently indicating that production rates will increase in 2025. We will continue to monitor our cost and labor training position to meet those projected production rate increases as schedules firm.”