Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Hexcel (HXL)
NYSE:HXL
Holding HXL?
Track your performance easily
Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.51Last Year’s EPS
$0.43Same Quarter Last Year
Based on 12 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: -1.43%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed strong growth in the commercial aerospace segment and proactive stock repurchase efforts. However, this was tempered by ongoing supply chain disruptions, the withdrawal of midterm guidance due to uncertainty, flat performance in Space & Defense, and a decline in industrial sales.Company Guidance
In the Hexcel Q3 2024 earnings call, the company reported robust performance with sales reaching $456.5 million, marking an 8% year-over-year increase. Commercial Aerospace sales, a significant segment constituting 65% of total sales, surged by 17%, driven by strong performance in key programs like Airbus A350, A320neo, and Boeing 787. Space & Defense sales remained flat at $128.2 million, comprising 28% of total sales, while Industrial sales, representing 7%, saw a decline of 17.3%. Hexcel's adjusted EPS improved by over 20% to $0.47, supported by tax planning that lowered the effective tax rate to 19%. The company withdrew its midterm guidance due to ongoing supply chain challenges, although it remains optimistic about the long-term growth trajectory, especially in the commercial aerospace sector. Hexcel also highlighted strategic changes, including exploring options for its Austrian plant, which does not align with its core strategic priorities.Commercial Aerospace Sales Growth
Hexcel's commercial aerospace sales reached $296 million, marking a 17% increase year-over-year in constant currency.
Stock Repurchase Program
Hexcel repurchased approximately $50 million of its stock in the third quarter, bringing the total for the year to over $250 million.
Recognition for Supplier Excellence
Hexcel's plants in Pottsville, Pennsylvania, and Salt Lake City, Utah, received the Sikorsky 2023 Elite Supplier status for best-in-class on-time delivery and quality.
---
HXL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
HXL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $63.44 | $64.22 | +1.23% |
| Jul 18, 2024 | $67.61 | $62.34 | -7.79% |
| Apr 22, 2024 | $62.07 | $63.12 | +1.69% |
| Jan 24, 2024 | $70.99 | $65.00 | -8.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Hexcel (HXL) report earnings?
Hexcel (HXL) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Hexcel (HXL) earnings time?
Hexcel (HXL) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HXL EPS forecast?
HXL EPS forecast for the fiscal quarter 2024 (Q4) is $0.51.
---