NYSE$HXL
Hexcel Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Hexcel reported a solid financial performance in the second quarter of 2024, driven by strong overall revenue growth and margin recovery.
Hexcel Corporation reported second quarter 2024 results with net sales of $500 million and adjusted diluted EPS of $0.60 per share. The company revised its full year 2024 guidance to reflect a more cautious stance due to aircraft delivery levels and customer production plans.
- Q2 2024 GAAP diluted EPS was $0.60, compared to $0.50 in Q2 2023.
- Q2 2024 adjusted diluted EPS was $0.60, compared to $0.50 in Q2 2023.
- Q2 2024 sales were $500 million, a 10.1% increase over Q2 2023 sales of $454 million (10.5% increase in constant currency).
- The company repurchased $100 million of Hexcel common stock during the second quarter, bringing the total 2024 share repurchases to $200 million.
Headline financials
Revenue & EPS history
Hexcel · Revenue · Quarterly
$500M
Revenue by segment
Hexcel · $420M total across 2 segments · Q3 2023
- Composite Materials$341M+16.0%81.2%
- Engineered Products$79M+11.0%18.8%
Forward guidance
Hexcel revised its full year 2024 guidance to sales of $1.90 billion to $1.98 billion, adjusted diluted earnings per share of $2.02 to $2.18, and free cash flow around $200 million.
Tailwinds
- Commercial Aerospace: Up low double-digits to mid-teens
- Space & Defense: Up mid-single digits
- Capital expenditures less than $100 million (unchanged)
- Effective tax rate of 22.0%. (unchanged)
Headwinds
- Sales of $1.90 billion to $1.98 billion (previously $1.925 billion to $2.025 billion)
- Adjusted diluted earnings per share of $2.02 to $2.18 (previously $2.10 - $2.30)
- Free cash flow around $200 million (previously greater than $200 million)
- Industrial: Down low double-digits (previously up low to mid-single digits)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+3.6%
Avg return
30 days after
55%
38 / 69 earnings
Positive
+11.1%
Q3 2025
Best reaction
-11.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | +6.8% | -1.1% | |
| Q4 2025 | +5.5% | +3.4% | +15.5% | |
| Q3 2025 | +11.1% | +13.9% | +13.8% | |
| Q2 2025 | -1.2% | -2.8% | -0.8% | |
| Q1 2025 | -4.3% | -0.4% | +3.1% | |
| Q4 2024 | +3.2% | -2.4% | -8.5% | |
| Q3 2024 | +2.7% | -0.3% | -6.6% | |
| Q2 2024 | -7.6% | -5.4% | -7.9% | |
| Q1 2024 | +3.0% | +4.0% | +15.5% | |
| Q4 2023 | -8.9% | -7.3% | +2.4% | |
| Q3 2023 | -7.6% | -8.1% | +3.7% | |
| Q2 2023 | -6.3% | -7.0% | -4.3% | |
| Q1 2023 | +6.2% | +5.7% | +3.9% | |
| Q4 2022 | +9.0% | +10.7% | +16.5% | |
| Q3 2022 | -2.8% | -2.4% | +6.0% | |
| Q2 2022 | +1.4% | +6.0% | +7.0% | |
| Q1 2022 | +1.2% | -2.2% | -0.8% | |
| Q4 2021 | -6.2% | -0.8% | +8.4% | |
| Q3 2021 | -4.4% | -5.6% | +1.3% | |
| Q2 2021 | +1.8% | -5.7% | -1.0% | |
| Q1 2021 | -0.2% | -0.3% | -9.8% | |
| Q4 2020 | -6.9% | -9.7% | +17.7% | |
| Q3 2020 | -4.0% | -0.1% | +41.0% | |
| Q2 2020 | -9.0% | -18.3% | -13.8% | |
| Q1 2020 | -11.6% | -12.5% | -5.0% | |
| Q4 2019 | +0.6% | +0.0% | -6.4% | |
| Q3 2019 | -0.8% | -3.2% | +4.4% | |
| Q2 2019 | +4.4% | +4.0% | +2.0% | |
| Q1 2019 | +0.3% | +4.1% | +7.4% | |
| Q4 2018 | +7.4% | +6.6% | +16.5% | |
| Q3 2018 | -4.0% | -7.3% | -5.8% | |
| Q2 2018 | -2.4% | -0.6% | -1.4% | |
| Q1 2018 | +3.5% | +2.2% | +9.1% | |
| Q4 2017 | +2.1% | +4.8% | +3.7% | |
| Q3 2017 | +4.9% | +7.4% | +1.0% | |
| Q2 2017 | -4.6% | -5.2% | -3.5% | |
| Q1 2017 | -2.3% | -1.5% | -5.1% | |
| Q4 2016 | -0.3% | -1.0% | +6.4% | |
| Q3 2016 | +3.6% | +4.7% | +14.1% | |
| Q2 2016 | +6.5% | +4.4% | +7.3% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +8.2% | — | — | |
| Q3 2015 | -7.6% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +4.8% | — | — | |
| Q3 2014 | +1.6% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | -7.8% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +3.6% | — | — | |
| Q1 2013 | +9.1% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | -7.2% | — | — | |
| Q1 2012 | +5.1% | — | — | |
| Q4 2008 | +3.5% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | +0.4% | — | — | |
| Q1 2010 | +8.1% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q4 2010 | +2.4% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q2 2010 | +4.1% | — | — | |
| Q4 2009 | +4.1% | — | — | |
| Q2 2009 | +4.1% | — | — |
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