Hexcel Q3 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

MT Newswires Live10-22

Hexcel (HXL) reported Q3 adjusted earnings late Wednesday of $0.50 per diluted share, up from $0.37 a year earlier.

Analysts polled by FactSet expected $0.49.

Revenue in the three months ended Sept. 30 rose to $496.4 million from $456.2 million a year earlier.

Analysts expected $501.9 million.

The company maintained its full-year guidance for adjusted EPS of $2.30 to $2.40 on revenue of $2.025 billion to $2.125 billion.

Analysts expect adjusted EPS of $2.41 on revenue of $2.093 billion.

The company maintained its quarterly dividend at $0.18 a share, payable Nov. 9 to stockholders of record Nov. 2.

Hexcel shares fell 8.4% in after-hours trading.

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