Hexcel Corporation is a leading advanced composites company that specializes in the production of lightweight, high-performance materials used predominantly in the aerospace and defense industries
The company manufactures a wide range of products, including carbon fibers, composite structures, and resins that enhance the strength and durability of various applications. Hexcel’s innovative materials are utilized in aircraft, spacecraft, and other defense platforms, contributing to improved fuel efficiency and performance. In addition to aerospace, Hexcel also serves diverse markets such as industrial, automotive, and wind energy, focusing on sustainability and advancing composite technology.
Aerospace and defense company Hexcel (NYSEHXL) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 3.6% year on year to $473.8 million. The company’s full-year revenue guidance of $2 billion at the midpoint came in 0.7% below analysts’ estimates. Its non-GAAP profit of $0.52 per share was in line with analysts’ consensus estimates.
U.S. Global Tech & Aerospace ETF (WAR) launched with 0.6% expense ratio. It includes semiconductor and cybersecurity stocks and may invest in foreign companies.
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