Hexcel Corporation Aktie News

Hexcel Corporation (NYSE:HXL ) Q1 2024 Earnings Conference Call April 23, 2024 10:00 AM ET Company Participants Patrick Winterlich - Chief Financial Officer Nick Stanage - Chairman, President & Chief Executive Officer Kurt Goddard - Vice President-Investor Relations Conference Call Participants John McNulty - BMO Capital Markets Matthew Akers - Wells Fargo Bert Subin - Stifel Louis Raffetto - W...

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) announced today that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.15 per share on the common stock of Hexcel, payable to stockholders of record as of May 3, 2024, with a payment date of May 10, 2024. About Hexcel Hexcel Corporation is a global leader in advanced lightweight composites techn...

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL): Q1 2024 GAAP diluted EPS of $0.43 compared to Q1 2023 GAAP diluted EPS of $0.50. Q1 2024 adjusted diluted EPS of $0.44, compared to Q1 2023 adjusted diluted EPS of $0.50. Q1 2024 Sales were $472 million, an increase of 3.2% over Q1 2023 sales of $458 million (3.1% increase in constant currency). Returned $113 million in Q1 2024 t...

Shares of Hexcel Corporation plunged in response to a CEO change and a previous downgrade by analysts. The market overreacted to the news, as Hexcel has had a strong year and is expected to deliver double-digit earnings growth. Hexcel's competitive advantages, margin growth plans, and expected sales growth in the aerospace and defense industries make it an attractive investment opportunity.

Hexcel's surprise appointment of the former top boss of troubled aerospace supplier Spirit AeroSystems as its new CEO spooked investors on Wednesday, sparking a 12% fall in its shares.

Chief Executive Officer Nick Stanage will be replaced as company head on May 1.

Hexcel is about to get a new CEO, news that came as a surprise to investors. Current CEO Nick Stanage will stay on as executive chairman of the board until year's end to help with the transition.

STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) announced today that following a comprehensive succession process, its Board of Directors has appointed Thomas C. Gentile III as Chief Executive Officer & President of Hexcel Corporation, effective May 1. He also is expected to be appointed to the Board of Directors following the annual shareholder meeting on May 2. He will succee...