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Hexcel: Q1 Earnings Snapshot

April 25, 2022 GMT

STAMFORD, Conn. (AP) _ Hexcel Corp. (HXL) on Monday reported first-quarter net income of $17.8 million, after reporting a loss in the same period a year earlier.

The Stamford, Connecticut-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs, were 22 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The maker of lightweight composite materials posted revenue of $390.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $362.4 million.

Hexcel expects full-year earnings in the range of $1 to $1.24 per share, with revenue in the range of $1.5 billion to $1.63 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HXL at https://www.zacks.com/ap/HXL