STAMFORD, Conn. - Hexcel Corporation (NYSE: HXL ) reported fourth quarter earnings that beat analyst estimates, but revenue fell short of expectations, causing shares to drop 3.6% in after-hours trading Wednesday.
The advanced composites manufacturer posted adjusted earnings per share of $0.52 for the fourth quarter, surpassing the analyst consensus of $0.50. However, revenue came in at $473.8 million, missing the $481.2 million analysts had projected.
Compared to the same quarter last year, Hexcel's revenue grew by 6.5%. Despite the revenue miss, the company provided an optimistic outlook for fiscal year 2025.
Hexcel forecasts full-year 2025 earnings per share between $2.05 and $2.25, with the midpoint of $2.15 exceeding the analyst consensus of $2.01. The company also projects 2025 revenue in the range of $1.95 billion to $2.05 billion, above the $1.91 billion analyst estimate.
For the full year 2024, Hexcel generated sales of $1.9 billion, up 6.4% YoY, and adjusted EPS of $2.03, a 12.2% increase from 2023.
"Hexcel met its latest 2024 guidance, including $203 million of free cash flow generation," said Tom Gentile, Chairman, CEO and President. "Our 2025 sales guidance includes roughly 10% YoY growth in commercial aerospace, despite the ongoing rate-ramp challenges the commercial aircraft industry supply chain is experiencing."
Looking ahead, the company provided an upbeat outlook for 2025, forecasting revenue between $1.95 billion to $2.05 billion and adjusted EPS of $2.05 to $2.25. Both ranges came in above current Wall Street estimates.
Hexcel also announced a 13% increase to its quarterly dividend, raising it to $0.17 per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.