Hexcel reports Q2 adjusted EPS 50c, consensus 48c

Reports Q2 revenue $454.3M, consensus $448.36M. Chairman, CEO and President Nick Stanage said, “Hexcel’s second quarter demonstrated strong execution and delivered a 16% year-over-year increase in sales and a more than 50% increase in adjusted earnings per share. Global demand for our lightweight composite materials, delivering sustainable solutions continues to be robust, and our focus remains on staying agile and aligned with our customers to meet their requirements, as well as collaborating on next-generation innovations. Based on our confidence for the remainder of the year, we are now raising our guidance for Sales and Adjusted EPS.”