STAMFORD, Conn.–(BUSINESS WIRE)– Hexcel Corporation (NYSE: HXL):
-Strategic buy-out of UK defined benefit pension plan in Q4 2023. $1.9 million cash surplus returned to Hexcel and GAAP EPS impacted by a non-cash charge of $70.5 million.
-Q4 2023 GAAP diluted EPS of $(0.21), compared to Q4 2022 GAAP diluted EPS of $0.43.
-Q4 2023 adjusted diluted EPS of $0.43, compared to Q4 2022 adjusted diluted EPS of $0.40.
-Q4 2023 Sales were $458 million, compared to $429 million in Q4 2022.
-FY 2023 GAAP diluted EPS of $1.24 compared to FY 2022 GAAP diluted EPS of $1.49. FY 2023 adjusted diluted EPS of $1.81, compared to FY 2022 adjusted diluted EPS of $1.28.
-FY 2023 sales were $1,789 million, compared to $1,578 million for FY 2022.
-Divested Hexcel’s 50% interest in Boeing/Hexcel 50:50 ACM JV to Boeing in Q4 2023.
-Free Cash Flow of $149 million in FY 2023, including $7.5 million cash dividend from JV.
-Quarterly dividend increased 20% to $0.15.
