HXL Stock Recent News

Hexcel's products are an integral part of new airplanes in development. The company will benefit as airplane manufacturers ramp up production and use more composites.

Hexcel's (HXL) total Q3 sales of $420 million miss the Zacks Consensus Estimate by 2.6%. However, the top line witnesses an improvement of 15% from the year-ago quarter.

Hexcel Corporation (NYSE:HXL ) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Patrick Winterlich - CFO Nick Stanage - Chairman, President and CEO Conference Call Participants Matt Akers - Wells Fargo Ken Herbert - RBC Capital Markets Myles Walton - Wolfe Research Gavin Parsons - UBS Pete Skibitski - Alembic Global Kristine Liwag - Morgan Stanley John McNulty - BMO Capital Markets Scott Deuschle - Deutsche Bank Gautam Khanna - TD Cowen Sheila Kahyaoglu - Jefferies Michael Ciarmoli - Truist Securities Operator Good morning, ladies and gentlemen. Welcome to the Hexcel Third Quarter 2023 Earnings Conference Call.

The headline numbers for Hexcel (HXL) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hexcel (HXL) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.33 per share a year ago.

Hexcel Corporation is a long-term investment with potential for growth in commercial aerospace production, program launches, and space and defense momentum. Risks for Hexcel include delays in production ramp-ups, uncertainty in the timing of new aircraft programs, and a downturn in industrial revenues. Despite being slightly overvalued in the short term, Hexcel is considered a buy for its long-term potential and could see a 43% upside by 2025.

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its third quarter of 2023 on Monday, October 23 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, October 24 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the Investor Relation.

Hexcel (HXL) makes a strong case for investment in the aerospace market, given its positive estimate revision, strong financial position, stable ROE and improving air traffic projections.

Hexcel (HXL) reported earnings 30 days ago. What's next for the stock?

Hexcel lowered its free-cash-flow guidance, but for a good reason. Profit margins are likely to improve over time.