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Shares of Hexcel (NYSE:HXL) fell 0.55% in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share decreased 120.93% over the past year to ($0.18), which were in line with the estimate of ($0.18).
Revenue of $295,800,000 declined by 47.58% year over year, which missed the estimate of $298,720,000.
Outlook
Hexcel hasn't issued any earnings guidance for the time being.
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Hexcel hasn't issued any revenue guidance for the time being.
Recent Stock Performance
52-week high: $77.31
52-week low: $24.54
Price action over last quarter: Up 38.01%
Company Description
Hexcel Corp develops and manufactures composites used in aerospace, defense, and other industrial markets. The company operates under two segments: Composite Materials and Engineered Products. It offers a wide range of adhesives, carbon fibers, and other structured materials to use in commercial and military aircraft, wind turbines, vehicles, and other industrial applications. The company has sales offices in different regions of the world to help distribute its products globally. Approximately half of its revenue comes from the United States, with the remainder split among various regions. Hexcel either markets directly to customers or uses independent distributors and manufacturer representatives.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.