Hexcel Corporation's stock surged 6.02% during the trading session, driven by the company's release of better-than-expected fourth-quarter financial results and optimistic forward-looking statements.
The composite materials maker reported adjusted earnings per share of $0.52 for the quarter, surpassing analyst estimates of $0.49. Quarterly sales rose to $491.3 million, also exceeding expectations. Additionally, Hexcel announced a 6% increase in its quarterly dividend to $0.18 per share, demonstrating a commitment to returning value to shareholders.
Investor sentiment was further bolstered by the company's positive guidance for the full year 2026. Hexcel projected revenue in the range of $2.0 billion to $2.1 billion and adjusted earnings per share between $2.10 and $2.30, aligning with or exceeding market expectations and signaling confidence in future growth prospects.
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