Hexcel Issues Finacial Outlook

(RTTNews) - Hexcel Corp. (HXL) Monday detailed a financial outlook for the full year 2014 and 2015.

For the full year 2014, Hexcel expects adjusted earnings of about $2.16 per share and sales are expected to be $1.86 billion. Analysts polled by Thomson Reuters currently expects earnings of $2.16 per share on revenues of $1.85 billion for the year.

For the full year 2015, the company expects earnings of $2.26 to $2.38 per share and revenues of $1.9 billion to $2.0 billion. Analysts currently expect earnings of $2.43 per share on revenues of $2.02 billion for the year.

Hexcel's Chief Executive Officer, Nick Stanage, said, "The company's focus in 2015 will be driving manufacturing throughput, capacity expansion and superior execution to prepare for the substantial production ramp up that begins this year and accelerates significantly in 2016 and 2017."

Hexcel is targeting sales of $3 billion by 2020. Stanage said, "Through 2020, we expect continued average annual growth rates of 8-12% in Commercial Aerospace, led by the A350 XWB, A320neo and B737 MAX entering production, and the continued strength in aircraft production rates."

The company declared a quarterly dividend of $0.10, its first dividend since 1992, payable to stockholders as of February 3 on February 17.