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Hexcel Corporation

HXL.N

Latest Trade

46.02USD

Change

-1.04(-2.21%)

Volume

167,131

Today's Range

45.94

 - 

50.66

52 Week Range

24.57

 - 

76.98

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Hexcel Reports Q3 Adjusted Loss Per Share $0.29

Oct 19 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL REPORTS 2020 THIRD QUARTER RESULTS.Q3 ADJUSTED LOSS PER SHARE $0.29.Q3 GAAP EARNINGS PER SHARE $0.12.Q3 SALES $287 MILLION VERSUS $572.5 MILLION.Q3 REVENUE ESTIMATE $360.1 MILLION -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE ESTIMATE $0.07 -- REFINITIV IBES DATA."BOEING 737 MAX SALES CONTINUE TO BE AT A VERY LOW LEVEL".CONTINUES TO WITHHOLD FINANCIAL GUIDANCE.QUARTERLY DIVIDEND REMAINS TEMPORARILY SUSPENDED.SHARE REPURCHASE PROGRAM REMAINS TEMPORARILY SUSPENDED.

Hexcel Says Kimberly Hendricks Resigned As Chief Accounting Officer

Aug 20 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL CORP SAYS ON AUG 15, KIMBERLY HENDRICKS RESIGNED FROM POSITION OF SVP, CORPORATE CONTROLLER AND CHIEF ACCOUNTING OFFICER, EFFECTIVE OCTOBER 19.HEXCEL CORP SAYS INITIATED SEARCH TO FIND REPLACEMENT CORPORATE CONTROLLER AND CHIEF ACCOUNTING OFFICER.

Hexcel Reports Q2 Adj. Earnings Per Share $0.08

July 27 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL REPORTS 2020 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.08.Q2 GAAP LOSS PER SHARE $0.01.Q2 SALES $379 MILLION VERSUS REFINITIV IBES ESTIMATE OF $370.6 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES DATA.IN QUARTER AEROSPACE INDUSTRY HAS BEEN HIT BY AN UNPRECEDENTED ECONOMIC HEADWIND AS A RESULT OF COVID-19 PANDEMIC.CONTINUES TO WITHHOLD FINANCIAL GUIDANCE DUE TO MARKET UNCERTAINTIES ARISING FROM GLOBAL PANDEMIC..

3D Systems Appoints Wayne Pensky Interim CFO

May 19 (Reuters) - 3D Systems Corp <DDD.N>::3D SYSTEMS APPOINTS WAYNE PENSKY INTERIM CHIEF FINANCIAL OFFICER.3D SYSTEMS CORP - INITIATED AN EXECUTIVE SEARCH TO IDENTIFY A PERMANENT REPLACEMENT FOR TODD BOOTH, CFO, WHO HAS RESIGNED.3D SYSTEMS CORP - WAYNE PENSKY, FORMER CFO OF HEXCEL CORPORATION HAS BEEN APPOINTED INTERIM CFO, EFFECTIVE MAY 26.

Hexcel Reports Q1 Adj EPS Of $0.64

April 20 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL REPORTS 2020 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.64.Q1 GAAP EARNINGS PER SHARE $0.50.Q1 SALES $541 MILLION VERSUS REFINITIV IBES ESTIMATE OF $556.5 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.ELIMINATING CONTRACT LABOR AND OVERTIME WHILE REDUCING DISCRETIONARY SPENDING TO ESSENTIAL ITEMS ONLY.REDUCING COMPANY'S TOTAL WORKFORCE TO ALIGN OPERATIONS WITH CUSTOMER DEMAND.REDUCING BASE PAY FOR STANAGE AND CASH COMPENSATION FOR EACH MEMBER OF BOARD OF DIRECTORS BY 50% UNTIL FURTHER NOTICE.IMPLEMENTING TEMPORARY SALARY REDUCTIONS AND UNPAID FURLOUGHS FOR ALL SALARIED EMPLOYEES WHOSE JOBS ARE NOT ELIMINATED.REDUCED CAPEX SPEND TO SAFETY CRITICAL AND ESSENTIAL MAINTENANCE ONLY.SUSPENDING COMPANY'S DIVIDEND AND PAUSING ITS STOCK BUYBACK PROGRAM.SUSPENDING COMPANY'S EMPLOYEE STOCK PURCHASE PLAN THROUGH YEAR END.COMPANY HAS WITHDRAWN ALL PREVIOUSLY PROVIDED 2020 AND MID-TERM FINANCIAL GUIDANCE.

Hexcel Reduced 2020 Base Salaries Of Executive Officers, Including Named Executive Officers, Effective April 20, For Period Of 3 Months Or Later

April 14 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL - REDUCED 2020 BASE SALARIES OF EXECUTIVE OFFICERS, INCLUDING NAMED EXECUTIVE OFFICERS, EFFECTIVE APRIL 20, FOR PERIOD OF 3 MONTHS OR LATER.HEXCEL - BASE SALARY OF CHAIRMAN, CEO AND PRESIDENT TO BE REDUCED BY 50%, & BASE SALARIES OF ALL OTHER NAMED EXECUTIVE OFFICERS TO BE REDUCED BY 30%.HEXCEL CORP - REDUCED CASH RETAINER FEES OF NON-EMPLOYEE DIRECTORS.HEXCEL CORP - ALSO IMPLEMENTING SALARY REDUCTIONS FOR MOST U.S. SALARIED EMPLOYEES AS WELL AS TEMPORARY WAGE AND HOUR REDUCTIONS OUTSIDE OF U.S..

Hexcel Reports Q4 Gaap Earnings Per Share Of $0.86

Feb 3 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL REPORTS 2019 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 GAAP EARNINGS PER SHARE $0.86.Q4 SALES $564.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $591.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.84 -- REFINITIV IBES DATA.AS I LOOK TO 2020, FUNDAMENTALS OF OUR BUSINESS ARE POSITIVE, DESPITE HEADWINDS FROM BOEING 737 MAX."GIVEN OUR ASSUMPTION FOR 737 MAX WE ARE FORECASTING FLAT-TO-LOW-SINGLE-DIGIT REVENUE GROWTH FOR 2020".FORECASTING FLAT-TO-LOW-SINGLE-DIGIT REVENUE GROWTH FOR 2020 AND LOW-TO-MID-SINGLE-DIGIT EPS GROWTH.TO PROVIDE CLARITY ON OUR GUIDANCE, WE HAVE ASSUMED THAT WE WILL SELL MATERIAL FOR 200 737 MAX AIRCRAFT IN 2020.FORECAST OVER $300 MILLION OF FREE CASH FLOW IN 2020.SEES ACCRUAL BASIS CAPITAL EXPENDITURES OF $100 MILLION TO $120 MILLION IN 2020.HEXCEL- TURNING TO 2020, CO STAYING CLOSE TO BOEING, ALL CUSTOMERS, AS CO MONITORS UNCERTAINTY ON 737 MAX’S RETURN TO SERVICE TIMING, EXPECTED PRODUCTION LEVELS.

Fairlight Delivers Letter To Hexcel Corp Highlighting Concerns With Proposed Merger

Jan 28 (Reuters) - Fairlight Asset Management Pty Ltd::FAIRLIGHT DELIVERS LETTER TO THE BOARD OF HEXCEL CORPORATION HIGHLIGHTING CONCERNS WITH PROPOSED MERGER.FAIRLIGHT ASSET MANAGEMENT - RETAINED OLSHAN FROME WOLOSKY LLP AS LEGAL & STRATEGIC ADVISOR IN CONNECTION WITH INVESTMENT AND INVOLVEMENT AT HEXCEL.FAIRLIGHT ASSET MANAGEMENT - INTENDS TO VOTE AGAINST PROPOSED WOODWARD-HEXCEL MERGER.FAIRLIGHT ASSET MANAGEMENT - URGES BOARD TO FIND ALTERNATE BIDDER OR RENEGOTIATE TERMS TO REFLECT HEXCEL'S "APPEALING PROFILE".FAIRLIGHT ASSET MANAGEMENT - BELIEVES PROPOSED MERGER OF HEXCEL WITH WOODWARD HAS "LIMITED STRATEGIC MERIT".FAIRLIGHT ASSET MANAGEMENT - BELIEVES PROPOSED MERGER OF HEXCEL WITH WOODWARD WOULD TRANSFER "SIGNIFICANT VALUE AWAY FROM HEXCEL STOCKHOLDERS".FAIRLIGHT ASSET - FAILING PRESENCE OF ALTERNATE BIDDER OR RENEGOTIATION WITH WOODWARD, HEXCEL BOARD SHOULD RECONSIDER MERITS OF DEAL IN CURRENT FORM.

Woodward and Hexcel announce merger of equals

Jan 12 (Reuters) - Hexcel Corp <HXL.N>::WOODWARD AND HEXCEL ANNOUNCE MERGER OF EQUALS TO CREATE A PREMIER INTEGRATED SYSTEMS PROVIDER PROPELLING THE FUTURE OF FLIGHT AND ENERGY EFFICIENCY.UNDER TERMS CO SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 0.625 SHARES OF WOODWARD COMMON STOCK FOR EACH SHARE OF HEXCEL COMMON STOCK.UNDER TERMS,WOODWARD SHAREHOLDERS WILL CONTINUE TO OWN SAME NO OF SHARES OF COMMON STOCK IN COMBINED CO AS THEY DO IMMEDIATELY PRIOR TO CLOSING.UPON COMPLETION OF MERGER, EXISTING WOODWARD SHAREHOLDERS WILL OWN APPROXIMATELY 55% OF COMBINED COMPANY ON A FULLY DILUTED BASIS.UPON COMPLETION OF MERGER EXISTING HEXCEL SHAREHOLDERS WILL OWN APPROXIMATELY 45% OF COMBINED COMPANY ON A FULLY DILUTED BASIS.IN CONNECTION WITH TRANSACTION, WOODWARD IS INCREASING ITS QUARTERLY CASH DIVIDEND TO $0.28 A SHARE.COMBINED COMPANY TO BE NAMED WOODWARD HEXCEL.PARTIES EXPECT MERGER TO CLOSE IN THIRD CALENDAR QUARTER OF 2020.WOODWARD HEXCEL WILL BE HEADQUARTERED IN FORT COLLINS, COLORADO.COMBINED CO IS EXPECTED TO GENERATE NET REVENUES OF APPROXIMATELY $5.3 BILLION AND EBITDA OF $1.1 BILLION.COMBINED FREE CASH FLOW IS FORECASTED TO BE APPROXIMATELY $1 BILLION ANNUALLY AND GROWING.NICK STANAGE, CHAIRMAN, CHIEF EXECUTIVE OFFICER AND PRESIDENT OF HEXCEL, WILL SERVE AS CHIEF EXECUTIVE OFFICER OF COMBINED CO.MERGER IS EXPECTED TO BE TAX FREE FOR U.S. FEDERAL INCOME TAX PURPOSES.

Hexcel Corp Sees 2019 Sales Of $2.340 Bln To $2.400 Bln

Oct 21 (Reuters) - Hexcel Corp <HXL.N>::HEXCEL REPORTS 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.90.Q3 GAAP EARNINGS PER SHARE $0.93.Q3 SALES $572.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $599.1 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.88 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.43 TO $3.53.SEES 2019 SALES OF $2.340 BILLION TO $2.400 BILLION.SEES 2019 FREE CASH FLOW GREATER THAN $250 MILLION.SEES 2019 ACCRUAL BASIS CAPITAL EXPENDITURES OF $170 MILLION TO $190 MILLION.FY2019 EARNINGS PER SHARE VIEW $3.54, REVENUE VIEW $2.43 BILLION -- REFINITIV IBES DATA.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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