Hexcel Reports 2019 Third Quarter Results
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Hexcel Corp. (HXL) Tops Q3 EPS by 2c, Revenues Miss; Lowers FY19 Revenue Guidance Below Consensus, Maintains FY19 EPS Views Below Consensus
October 21, 2019 4:23 PM EDTHexcel Corp. (NYSE: HXL) reported Q3 EPS of $0.90, $0.02 better than the analyst estimate of $0.88. Revenue for the quarter came in at $572.5 million versus the consensus estimate of $599.08 million.
Q3 2019 GAAP diluted EPS was $0.93 compared to Q3 2018 diluted EPS of $0.91.Adjusted diluted EPS for Q3 2019 was $0.90, a 12.5% year-over-year increase compared to adjusted diluted EPS of $0.80 in Q3 2018.Q3 2019 Sales were $572.5 million, an increase of 5.9% over third quarter 2018 (6.6% increase in... More