Hexcel Issues Forecast For FY18; Updates Outlook Through 2020 - Quick Facts

(RTTNews) - Hexcel Corp. (HXL) on Tuesday provided its financial outlook for fiscal 2018 and also updated its outlook through 2020.

For fiscal 2018, Hexcel forecast sales in the range of $2.10 billion to $2.20 billion, with Commercial Aerospace leading the company's sales growth. In addition, the company expects 2018 earnings per share of $2.80 to $2.94, and free cash flow in excess of $230 million.

On average, analysts polled by Thomson Reuters expect the company to earn $2.97 per share for the year on revenues of $2.17 billion. Analysts' estimates typically exclude special items.

Hexcel has revised its sales growth expectations through 2020 to a CAGR of 7 percent to 10 percent from its previously issued expectation of 6 percent to 9 percent. The company also expects double-digit earnings per share growth over the period.

The revised outlook includes annual average sales growth in Commercial Aerospace of 6 percent to 9 percent, annual average sales growth in Space & Defense of 3 percent to 5 percent, and annual average sales growth in Industrial in excess of 15 percent.