Hexcel Corp. (HXL) Tops Q1 EPS by 6c
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Hexcel Reports 2021 First Quarter Results
April 19, 2021 4:15 PM EDTQ1 2021 GAAP basic EPS of ($0.17) and adjusted basic EPS of ($0.10), compared to Q1 2020 GAAP diluted EPS of $0.50 and adjusted diluted EPS of $0.64. Q1 2021 Sales were $310 million, compared to $541 million in the first quarter of 2020. Strong liquidity at March 31, 2021 included cash of $82 million and revolver borrowing availability of $536 million.
See table C for reconciliation of GAAP and non-GAAP operating (loss) income, net (loss) income and earnings (loss) per share and operating cash flow to free cash flow. Free cash flow is cash from operations less capital expenditures.
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