Hexcel Corp. (HXL) Misses Q1 EPS by 6c
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Hexcel Reports 2020 First Quarter Results
April 20, 2020 4:15 PM EDTQ1 2020 GAAP diluted EPS was $0.50 and adjusted diluted EPS of $0.64, compared to Q1 2019 GAAP diluted EPS and adjusted diluted EPS of $0.84. Q1 2020 Sales were $541 million, compared to $610 million in the first quarter of 2019. Strong liquidity at March 31, 2020 included cash of $329 million and revolver borrowing availability of $307 million. 2020 and mid-term financial guidance is withdrawn due to COVID-19 pandemic. Quarterly dividends are temporarily suspended.
See table C for reconciliation of GAAP and non-GAAP operating income, net income and earnings per share.
STAMFORD, Conn.--(BUSINESS WIRE)-- Hexcel Corporation (NYSE:... More
