Hexcel announced its longer-term financial outlook during its investor day. For the three-year period 2024 to 2026, the company expects total sales to grow at a compounded annual growth rate of 10%-12% and adjusted diluted earnings to grow at greater than a 25% annually. The company sees capital expenditures of less than $100M per year during this three-year period. Cumulatively for the three-year period, Hexcel sees adjusted EBITDA greater than $1.5B and free cash flow greater than $800M. It said, “Hexcel is benefitting from both cyclical growth as aircraft production rates increase to support strong demand, and from secular growth reflecting our advanced composite technology value proposition as lightweighting supports fuel efficiency and emissions reduction. We are forecasting strong sales growth over the next three years, and we expect robust earnings expansion as we leverage our global manufacturing footprint. We are entering a period of strong cash generation, which will support continued investment in operational excellence and organic growth, the potential for strategic acquisitions, and returning cash to stockholders.:
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