22.04.2024 22:24:16 - dpa-AFX: Hexcel Corp. Q1 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Hexcel Corp. (HXL) revealed a profit for first
quarter that decreased from the same period last year but beat the Street
estimates.

The company's earnings totaled $36.5 million, or $0.43 per share. This compares with $42.7 million, or $0.50 per share, in last year's first quarter.

Excluding items, Hexcel Corp. reported adjusted earnings of $37.4 million or
$0.44 per share for the period.

Analysts on average had expected the company to earn $0.41 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 3.2% to $472.3 million from $457.7
million last year.

Hexcel Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $36.5 Mln. vs. $42.7 Mln. last year.
-EPS (Q1): $0.43 vs. $0.50 last year.
-Revenue (Q1): $472.3 Mln vs. $457.7 Mln last year.

-Guidance:
Full year EPS guidance: $2.10 to $2.30
Full year revenue guidance: $1.925 - $2.025 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
HEXCEL CORP. DL-,01 894306 Frankfurt 58,000 26.06.24 21:49:03 -0,500 -0,85% 0,000 0,000 58,500 58,500

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