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Hexcel Corp (HXL.N)

HXL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

3D Systems Appoints Wayne Pensky Interim CFO
Wednesday, 20 May 2020 

May 19 (Reuters) - 3D Systems Corp ::3D SYSTEMS APPOINTS WAYNE PENSKY INTERIM CHIEF FINANCIAL OFFICER.3D SYSTEMS CORP - INITIATED AN EXECUTIVE SEARCH TO IDENTIFY A PERMANENT REPLACEMENT FOR TODD BOOTH, CFO, WHO HAS RESIGNED.3D SYSTEMS CORP - WAYNE PENSKY, FORMER CFO OF HEXCEL CORPORATION HAS BEEN APPOINTED INTERIM CFO, EFFECTIVE MAY 26.  Full Article

Hexcel Reports Q1 Adj EPS Of $0.64
Tuesday, 21 Apr 2020 

April 20 (Reuters) - Hexcel Corp ::HEXCEL REPORTS 2020 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.64.Q1 GAAP EARNINGS PER SHARE $0.50.Q1 SALES $541 MILLION VERSUS REFINITIV IBES ESTIMATE OF $556.5 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.ELIMINATING CONTRACT LABOR AND OVERTIME WHILE REDUCING DISCRETIONARY SPENDING TO ESSENTIAL ITEMS ONLY.REDUCING COMPANY'S TOTAL WORKFORCE TO ALIGN OPERATIONS WITH CUSTOMER DEMAND.REDUCING BASE PAY FOR STANAGE AND CASH COMPENSATION FOR EACH MEMBER OF BOARD OF DIRECTORS BY 50% UNTIL FURTHER NOTICE.IMPLEMENTING TEMPORARY SALARY REDUCTIONS AND UNPAID FURLOUGHS FOR ALL SALARIED EMPLOYEES WHOSE JOBS ARE NOT ELIMINATED.REDUCED CAPEX SPEND TO SAFETY CRITICAL AND ESSENTIAL MAINTENANCE ONLY.SUSPENDING COMPANY'S DIVIDEND AND PAUSING ITS STOCK BUYBACK PROGRAM.SUSPENDING COMPANY'S EMPLOYEE STOCK PURCHASE PLAN THROUGH YEAR END.COMPANY HAS WITHDRAWN ALL PREVIOUSLY PROVIDED 2020 AND MID-TERM FINANCIAL GUIDANCE.  Full Article

Hexcel Reduced 2020 Base Salaries Of Executive Officers, Including Named Executive Officers, Effective April 20, For Period Of 3 Months Or Later
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Hexcel Corp ::HEXCEL - REDUCED 2020 BASE SALARIES OF EXECUTIVE OFFICERS, INCLUDING NAMED EXECUTIVE OFFICERS, EFFECTIVE APRIL 20, FOR PERIOD OF 3 MONTHS OR LATER.HEXCEL - BASE SALARY OF CHAIRMAN, CEO AND PRESIDENT TO BE REDUCED BY 50%, & BASE SALARIES OF ALL OTHER NAMED EXECUTIVE OFFICERS TO BE REDUCED BY 30%.HEXCEL CORP - REDUCED CASH RETAINER FEES OF NON-EMPLOYEE DIRECTORS.HEXCEL CORP - ALSO IMPLEMENTING SALARY REDUCTIONS FOR MOST U.S. SALARIED EMPLOYEES AS WELL AS TEMPORARY WAGE AND HOUR REDUCTIONS OUTSIDE OF U.S..  Full Article

Hexcel Reports Q4 Gaap Earnings Per Share Of $0.86
Tuesday, 4 Feb 2020 

Feb 3 (Reuters) - Hexcel Corp ::HEXCEL REPORTS 2019 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 GAAP EARNINGS PER SHARE $0.86.Q4 SALES $564.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF $591.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.84 -- REFINITIV IBES DATA.AS I LOOK TO 2020, FUNDAMENTALS OF OUR BUSINESS ARE POSITIVE, DESPITE HEADWINDS FROM BOEING 737 MAX."GIVEN OUR ASSUMPTION FOR 737 MAX WE ARE FORECASTING FLAT-TO-LOW-SINGLE-DIGIT REVENUE GROWTH FOR 2020".FORECASTING FLAT-TO-LOW-SINGLE-DIGIT REVENUE GROWTH FOR 2020 AND LOW-TO-MID-SINGLE-DIGIT EPS GROWTH.TO PROVIDE CLARITY ON OUR GUIDANCE, WE HAVE ASSUMED THAT WE WILL SELL MATERIAL FOR 200 737 MAX AIRCRAFT IN 2020.FORECAST OVER $300 MILLION OF FREE CASH FLOW IN 2020.SEES ACCRUAL BASIS CAPITAL EXPENDITURES OF $100 MILLION TO $120 MILLION IN 2020.HEXCEL- TURNING TO 2020, CO STAYING CLOSE TO BOEING, ALL CUSTOMERS, AS CO MONITORS UNCERTAINTY ON 737 MAX’S RETURN TO SERVICE TIMING, EXPECTED PRODUCTION LEVELS.  Full Article

Hexcel Corp Sees 2019 Sales Of $2.340 Bln To $2.400 Bln
Tuesday, 22 Oct 2019 

Oct 21 (Reuters) - Hexcel Corp ::HEXCEL REPORTS 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.90.Q3 GAAP EARNINGS PER SHARE $0.93.Q3 SALES $572.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $599.1 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.88 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.43 TO $3.53.SEES 2019 SALES OF $2.340 BILLION TO $2.400 BILLION.SEES 2019 FREE CASH FLOW GREATER THAN $250 MILLION.SEES 2019 ACCRUAL BASIS CAPITAL EXPENDITURES OF $170 MILLION TO $190 MILLION.FY2019 EARNINGS PER SHARE VIEW $3.54, REVENUE VIEW $2.43 BILLION -- REFINITIV IBES DATA.  Full Article

Hexcel Corp-On June 20, Entered Into New Credit Agreement Governing Unsecured $1,000 Mln Revolving Credit Facility, Which Matures On June 20, 2024
Friday, 21 Jun 2019 

June 20 (Reuters) - Hexcel Corp ::HEXCEL CORP-ON JUNE 20, ENTERED INTO NEW CREDIT AGREEMENT GOVERNING UNSECURED $1,000 MILLION REVOLVING CREDIT FACILITY, WHICH MATURES ON JUNE 20, 2024.HEXCEL CORP - ON JUNE 20, CO BORROWED $408 MILLION UNDER CREDIT AGREEMENT.HEXCEL CORP - CREDIT AGREEMENT ENABLES CO TO ADD TERM LOANS OR TO INCREASE REVOLVING CREDIT COMMITMENT IN AGGREGATE AMOUNT NOT TO EXCEED $500 MILLION.  Full Article

Hexcel Corp Sees Free Cash Flow Targeted At $1.8 Billion For 2019-2023
Wednesday, 22 May 2019 

May 21 (Reuters) - Hexcel Corp ::HEXCEL PROVIDES FINANCIAL OUTLOOK.HEXCEL CORP - SEES ADJUSTED DILUTED EARNINGS PER SHARE TO GROW AT A DOUBLE-DIGIT CAGR FOR THREE-YEAR PERIOD 2019 TO 2021.HEXCEL CORP - SEES TOTAL SALES TO GROW AT A CAGR OF 6%-9% FOR THREE-YEAR PERIOD 2019 TO 2021.HEXCEL CORP - SEES FREE CASH FLOW TARGETED AT $1.8 BILLION FOR PERIOD 2019-2023.  Full Article

Hexcel Corp Says CEO Nick Stanage's FY 2018 Total Compensation Was $6.3 Mln Vs $6.9 Mln In FY 2017
Friday, 22 Mar 2019 

March 22 (Reuters) - Hexcel Corp ::HEXCEL CORP SAYS CEO NICK STANAGE'S FY 2018 TOTAL COMPENSATION WAS $6.3 MILLION VERSUS $6.9 MILLION IN FY 2017 - SEC FILING.HEXCEL CORP SAYS TOTAL ANNUAL COMPENSATION OF CEO TO TOTAL ANNUAL COMPENSATION OF MEDIAN EMPLOYEE RATIO IS 104.9 TO 1.  Full Article

Deals of the day-Mergers and acquisitions

April 6 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: