Hexcel Corp. (HXL) Misses Q3 EPS by 37c, Revenues Miss

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Go back to Hexcel Corp. (HXL) Misses Q3 EPS by 37c, Revenues Miss

Hexcel Reports 2020 Third Quarter Results

October 19, 2020 4:15 PM EDT

Q3 2020 GAAP diluted EPS was $0.12 with adjusted diluted EPS of ($0.29), compared to Q3 2019 GAAP diluted EPS and adjusted diluted EPS of $0.93 and $0.90, respectively. Q3 2020 Sales were $287 million, compared to $572.5 million in Q3 2019. Free Cash Flow YTD of $109 million, with $76 million generated in the third quarter. Liquidity remains strong, at $766 million, with cash on hand of $68 million and an undrawn revolver balance of $698 million, at September 30, 2020.

See Table C for reconciliation of GAAP and non-GAAP operating income (loss), net income (loss), earnings... More