Hexcel Corp. (HXL) Misses Q2 EPS by 12c
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Hexcel Reports 2020 Second Quarter Results
July 27, 2020 4:20 PM EDTQ2 2020 GAAP diluted EPS was ($0.01) with adjusted diluted EPS of $0.08, compared to Q2 2019 GAAP diluted EPS and adjusted diluted EPS of $0.94. Q2 2020 Sales were $379 million, compared to $609 million in Q2 2019. Free Cash Flow YTD of $33 million, with $52 million generated in the second quarter. Liquidity remains strong, increasing to $689 million, with cash on hand of $257 million and revolver borrowing availability of $432 million, at June 30, 2020.
See Table C for reconciliation of GAAP and non-GAAP operating income, net income, earnings per share and operating cash flow to free... More
