Hexcel Corp. (HXL) Tops Q2 EPS by 2c, Raises Guidance
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Hexcel Reports 2023 Second Quarter Results
July 24, 2023 4:15 PM EDTQ2 2023 GAAP diluted EPS of $0.50 compared to Q2 2022 GAAP diluted EPS of $0.53. Q2 2023 adjusted diluted EPS of $0.50, compared to Q2 2022 adjusted diluted EPS of $0.33. Q2 2023 Sales were $454 million, an increase of 15.6% over Q2 2022 sales of $393 million (14.7% increase in constant currency). FY 2023 sales guidance revised to $1.765 billion to $1.835 billion, previously $1.725 billion to $1.825 billion. Adjusted EPS revised to $1.80 to $1.94, previously $1.70 to $1.90.
See Table C for reconciliation of GAAP and non-GAAP operating income, net income, earnings per share and operating cash flow to free cash flow. Free cash flow... More
