Hexcel Reports 2020 Second Quarter Results

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Go back to Hexcel Reports 2020 Second Quarter Results

Hexcel Corp. (HXL) Misses Q2 EPS by 12c

July 27, 2020 4:24 PM EDT

Hexcel Corp. (NYSE: HXL) reported Q2 EPS of $0.08, $0.12 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $379 million versus the consensus estimate of $370.56 million.

Cash, 2020 Guidance Update and other

The effective tax rate year-to-date is 16.5%. The tax provision included a $2.7 million benefit, primarily for the release of reserves of unrecognized tax benefits, as a result of tax audit settlements in the second quarter of 2020. Excluding... More