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Last $50.83 USD
Change Today +0.57 / 1.13%
Volume 216.5K
HXL On Other Exchanges
Symbol
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As of 11:30 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

hexcel corp (HXL) Key Developments

Hexcel Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for 2015

Hexcel Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $471.8 million compared to $461.7 million for the same period a year ago. Operating income was $82.6 million compared to $74.6 million for the same period a year ago. Income before income taxes and equity in earnings from affiliated companies was $80.7 million compared to $72.8 million for the same period a year ago. Net income was $68.1 million or $0.70 per diluted share compared to $50.1 million or $0.50 per diluted share for the same period a year ago. Adjusted net income was $56.5 million compared to $50.1 million for the same period a year ago. Adjusted diluted net income per share was $0.58 compared to $0.50 for the same period a year ago. Net cash used in operating activities was $14.6 million compared to net cash provided by operating activities $33.4 million for the same period a year ago. Capital expenditures were $95 million compared to $55 million for the same period a year ago. Total debt, net of cash was $457.5 million compared to $304.8 million for the same period a year ago. EBITDA was $112.9 million compared to $100.5 million for the same period a year ago. Negative free cash flow was $109.6 million compared to $21.6 million for the same period a year ago, as seasonal effects typically cause cash usage in the first quarter. The company revised 2015 earnings outlook. The company expects sales of $1.86 billion to $1.94 billion. The decrease is due to the impact of the strengthening dollar on Euro and British pound denominated sales, as constant currency view of 2015 sales is unchanged. The strong operational performance combined with expected 2015 constant currency sales and an estimated four-cent benefit from the strengthening dollar for the year, leads the company to expect adjusted diluted earnings per share to be in the range of $2.33 to $2.43, previously it was $2.26 to $2.38. The company also expects free cash flow to be in the range of $10 million to $60 million, unchanged from the previous estimate. Accrual basis capital expenditures are expected to be $260 million to $290 million, remain unchanged. The company announced that first quarter effective tax rate would have been 30.4% in line with the company's 30.5% expectation for the full year.

Hexcel Declares Quarterly Cash Dividend, Payable on May 18, 2015

Hexcel Corp. announced that the Company’s Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the common stock of Hexcel, payable on May 18, 2015 to shareholders of record as of May 4, 2015.

Hexcel Corp., Q1 2015 Earnings Call, Apr 21, 2015

Hexcel Corp., Q1 2015 Earnings Call, Apr 21, 2015

Hexcel Corp. to Report Q1, 2015 Results on Apr 20, 2015

Hexcel Corp. announced that they will report Q1, 2015 results on Apr 20, 2015

Hexcel Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Earnings Guidance for Fiscal 2015

Hexcel Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income $52.9 million, or $0.54 per diluted share, compared with the prior-year period's $47.1 million or $0.46 per diluted share. Revenue was $471.8 million, up 10.5% from $426.8 million in the same quarter last year. Operating income was $77.1 million against $67.0 million a year ago. Income before income taxes and equity in earnings from affiliated companies was $75.0 million against $65.4 million a year ago. Adjusted EBITDA was $98.9 million against $87.8 million a year ago. Adjusted net income was $52.9 million or $0.54 earnings per share against $47.1 million or $0.46 earnings per share a year ago. For the year, net sales were $1,855.5 million against $1,678.2 million a year ago. Operating income was $305.8 million against $270.9 million a year ago. Income before income taxes and equity in earnings from affiliated companies was $297.3 million against $262.6 million a year ago. Net income was $209.4 million or $2.12 earnings per diluted share against $187.9 million or $1.84 earnings per diluted share a year ago. Adjusted EBITDA was $400.2 million against $349.2 million a year ago. Adjusted net income was $213.6 million or $2.16 earnings per share against $188.5 million or $1.85 earnings per share a year ago. Net cash provided by operating activities was $318.0 million against $272.9 million a year ago. Capital expenditures were $260.1 million against $194.9 million a year ago. Total debt, net of cash $345.4 million against $229.5 million a year ago. The company reaffirmed earnings guidance for fiscal 2015. The company expects adjusted EPS of $2.26 - $2.38, excluding non-recurring items, on revenue of $1.9 billion - $2 billion, free cash flow of $10-$60 million, with the typical use of cash in the first quarter, and accrual basis capital expenditures of $260 million - $290 million.

 

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HXL

Industry Average

Valuation HXL Industry Range
Price/Earnings 21.7x
Price/Sales 2.6x
Price/Book 4.2x
Price/Cash Flow 21.3x
TEV/Sales 2.3x
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