Hexcel Reports 2020 Third Quarter Results
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Hexcel Corp. (HXL) Misses Q3 EPS by 37c, Revenues Miss
October 19, 2020 4:18 PM EDTHexcel Corp. (NYSE: HXL) reported Q3 EPS of ($0.29), $0.37 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $286.9 million versus the consensus estimate of $360.99 million.
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... More