NYSE$HXL

Hexcel Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Hexcel reported steady growth in sales and earnings, supported by operational excellence and cost control.

Hexcel Corporation reported Q3 2021 results with net sales of $334 million and adjusted diluted EPS of $0.13. The company is seeing continued growth in sales and earnings, with supply chain destocking largely behind them. They are focused on managing raw material availability and remain vigilant about cost inflation.

  • Q3 2021 GAAP diluted EPS was $0.11, and adjusted diluted EPS was $0.13.
  • Q3 2021 Sales were $334 million, compared to $287 million in Q3 2020.
  • Commercial Aerospace sales increased 29.8% due to strengthening narrowbody sales.
  • Total Industrial sales increased 14.0%, supported by automotive and recreation markets.

Headline financials

Total Revenue

$334M

Previous: $287M+16.3%
EPS (adj)

$0.13

Previous: -$0.29+144.8%
Capital Expenditures

-$15M

Previous: -$47.8M+68.6%
Free Cash Flow

-$17.8M

Previous: $3.3M-639.4%
Net Income

-$2.8M

Previous: $51.1M-105.5%
Operating Income

$22.8M

Previous: -$37.6M+160.6%
Gross Profit

$66M

Previous: $13.5M+388.9%
Cash & Equivalents

$106M

Previous: $68M+55.6%
Total Assets

$2.87B

Previous: $2.97B-3.3%

Revenue & EPS history

Hexcel · Revenue · Quarterly

$334M

Q3 2021+16.3%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Hexcel · $420M total across 2 segments · Q3 2023

  • Composite Materials
    $341M+16.0%
  • Engineered Products
    $79M+11.0%

Forward guidance

The Company continues to withhold financial guidance due to continuing market uncertainties arising from the global pandemic.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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