Hexcel reports Q1 adjusted EPS 59c, consensus 44c

Reports Q1 revenue $502M, consensus $483.71M. Chairman, CEO and President Tom Gentile said, “The Hexcel (HXL) team delivered strong first quarter results on rising commercial aerospace build rates supported by the normalization of channel inventory. Our first quarter sales increased ten percent and earnings per share grew at a significantly higher rate, underscoring the benefit from significant operating leverage as we grow back into existing capacity. Our priorities remain centered on execution and operational discipline as we support the rate ramps of our customers.”