Hexcel Corporation announced fourth-quarter 2024 net sales of $473.8 million, a 3.6% increase from the fourth quarter of 2023, with adjusted diluted earnings per share (EPS) of $0.52, up 20.9% year-over-year. For the full year 2024, net sales reached $1.903 billion, a 6.4% increase over 2023, and adjusted EPS was $2.03, up 12.2%.
The company generated $203 million in free cash flow for the full year 2024, meeting its latest guidance. Commercial aerospace sales grew 12% in 2024 despite ongoing supply chain challenges in the OEM sector.
Hexcel provided its full-year 2025 guidance, projecting sales between $1.95 billion and $2.05 billion, adjusted EPS between $2.05 and $2.25, and free cash flow greater than $220 million. This guidance anticipates roughly 10% year-over-year growth in commercial aerospace.
The Board of Directors declared a regular quarterly cash dividend of $0.17 per share, an increase from the previous $0.15 per share. This 13.3% increase reflects management's confidence in the company's future cash generation and commitment to shareholder returns.
Other operating expenses in the fourth quarter of 2024 included asset impairments and charges primarily associated with the announced potential divestiture of the Neumarkt, Austria plant, which serves industrial markets.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.