hexcel corp (HXL) Key Developments
Hexcel Corp. Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015
Aug 5 15
Hexcel Corp. Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015 . Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.
Hexcel Corp. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015
Jul 20 15
Hexcel Corp. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported diluted EPS of $0.63 was 14.5% higher than $0.51 per diluted share in prior year. Adjusted diluted EPS was $0.63 per share compared to $0.55 in last year. Sales was $475.7 million were 1.2% higher than $470.1 million reported last year. Adjusted operating income was $90.6 million, 19.0% of sales, as compared to $81.1 million, 17.3% of sales in 2014. Operating income was $90.6 million compared to $75.1 million, income before income taxes and equity in earnings from affiliated companies was $88.1 million compared to $73.1 million, net income of $61.7 million compared to $50.6 million and non-GAAP EBITDA was $111.9 million compared to $101.5 million, adjusted net income of $61.7 million compared to $54.5 million.
For the six months, the company reported net sales of $947.5 million compared to $931.8 million, operating income of $173.2 million compared to $149.7 million, income before income taxes and equity in earnings from affiliated companies was $168.8 million compared to $145.9 million, net income of $129.8 million or $1.32 per basic and diluted share compared to $100.7 million or $1.01 per basic and diluted share, net cash provided by operating activities of $50.2 million compared to $110.3 million and capital expenditures of $166.3 million compared to $119.2 million for the last year. Non-GAAP operating income was $173.2 million compared to $155.7 million, non-GAAP EBITDA was $224.8 million compared to $202.0 million, Adjusted net income was $118.2 million or $1.21 per basic and diluted share compared to $104.6 million or $1.05 per basic and diluted share for the last year. Free cash flow for the first half of 2015 was a use of $116 million versus a use of $9 million in 2014. Cash used for capital expenditures was $166 million in the first half of 2015 compared to $119 million in the 2014 period.
The company revised full year sales outlook is $1.85-$1.90 billion. Previously the company had decreased January guidance of $1.9-$2.0 billion to $1.86-$1.94 billion. The decreases are due to the continued strengthening dollar on Euro and British pound denominated sales, as constant currency view of 2015 sales remains unchanged. Adjusted diluted earnings per share of $2.33-$2.43 (unchanged from previous guidance). Free cash flow of $10-$50 million (previously it was $10-$60 million) including accrual basis capital expenditures of $260-$290 million.
Hexcel Declares Quarterly Cash Dividend, Payable on August 17, 2015
Jul 20 15
Hexcel Corporation 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 August 17, 2015 to shareholders of record as of August 3, 2015.
Hexcel Corp. Presents at UBS SMID Cap One-on-One Conference, Aug-04-2015
Jul 17 15
Hexcel Corp. Presents at UBS SMID Cap One-on-One Conference, Aug-04-2015 . Venue: Boston Harbor Hotel, 70 Rowes Wharf, Boston, MA 02110, United States. Speakers: Wayne C. Pensky, Chief Financial Officer and Senior Vice President.
Hexcel Corp. to Report Q2, 2015 Results on Jul 20, 2015
Jun 23 15
Hexcel Corp. announced that they will report Q2, 2015 results on Jul 20, 2015