Hexcel Corp. recently released its earnings report, revealing notable financial results for the fourth quarter. The company posted earnings of $5.8 million, a significant recovery from a loss of $18.2 million in the same quarter of the previous year. Earnings per share (EPS) showed a similar positive trend, climbing from a loss of $0.21 last year to a profit of $0.07 this year.
After accounting for certain items, Hexcel Corp. reported adjusted earnings of $42.6 million, equating to $0.52 per share, which aligns perfectly with analysts' expectations. On the revenue front, the company achieved $473.8 million in sales during the fourth quarter, up from the $457.5 million reported in the same quarter of the prior year.
