Canaccord Genuity Cuts Price Target on Hexcel Corp. (HXL) as 4Q Benefited From Lower Tax Rate
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Hexcel Declares Quarterly Dividend
January 21, 2016 4:17 PM ESTSTAMFORD, Conn.--(BUSINESS WIRE)-- Regulatory News:
Hexcel Corporation (NYSE: HXL) (Paris: HXL) today announced that the Companys Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the common stock of Hexcel, payable on February 12, 2016 to... More
Hexcel Reports Strong Fourth Quarter and Record FY2015 Results
January 21, 2016 4:16 PM ESTProvides FY2016 Guidance
STAMFORD, Conn.--(BUSINESS WIRE)--
Regulatory News:
Fourth quarter diluted EPS of $0.56 was 4% higher than prior year of $0.54. Full year adjusted diluted EPS of $2.32 was 7% higher than prior year of $2.16. Fourth quarter sales of $464.9 million were 0.7% higher than last year in constant currency and FY2015 sales were 3.6% higher in constant currency over FY2014. FY2015 adjusted operating income of $332.4 million (17.9% of sales) compared to $311.8 million (16.8% of sales) in FY2014 FY2016 guidance: Sales $1.97 to $2.07 billion. Adjusted diluted EPS of $2.44 to $2.56.See Table C for reconciliation of GAAP and Non-GAAP operating income and net income
... More