Hexcel Stock Gains After Posting Q4 Profit, Retail’s bullish
Synopsis
The materials supplier posted a net income of $5.8 million for the quarter ended Dec. 31, compared with a loss of $18.2 million last year.
Hexcel Corp (HXL) shares rose 3% on Thursday after the company posted a quarterly profit compared to a year-ago loss.
On Wednesday, the materials supplier posted a net income of $5.8 million for the quarter ended Dec. 31, compared with a loss of $18.2 million last year.
Hexcel’s net sales rose 3.6% to $473.8 million but slightly fell short of the Wall Street estimate of $477 million, according to Koyfin data.
The company said Commercial Aerospace sales rose 4% to $278.3 million, with modest growth in Airbus A320neo and Boeing 787 sales. However, Boeing 737 MAX sales were lower year over year.
Its adjusted net income of $0.52 per share came in line with market expectations.
Sales in its space and defense segment rose 7.2% to $163.3 million, with strong growth with the Sikorsky CH-53K and Lockheed F-35 aircraft.
The company, one of the biggest suppliers of carbon fiber to aircraft companies, forecasts 2025 sales in the range of $1.95 billion to $2.05 billion.
Hexcel also forecast adjusted earnings from $2.05 to $2.25 per share.
Retail sentiment on Stocktwits moved to ‘bullish’ (63/100) territory from ‘extremely bullish’(79/100) a day ago, while message volume remained ‘extremely high.’
Over the past year, stock is down 2%.
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