Hexcel Corp. Initiates Quarterly Dividend, Payable on February 17, 2015; Provides Earnings Guidance for the Year Fiscal Years of 2014 and 2015
January 12, 2015 at 10:20 pm
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The Board of Directors of Hexcel Corp. has declared a $0.10 quarterly dividend. This is the first dividend paid by the company since 1992. The dividend will be payable to stockholders of record as of February 3, 2015, with a payment date of February 17, 2015.
The company provided earnings guidance for the fiscal year of 2014 and 2015. For the year 2015, the company expects overall revenue guidance is in the range of $1.9 billion to $2.0 billion, at current exchange rates. The mid-point of the range is approximately 5% higher than the 2014 estimated revenues of $1.855 billion. The company expects 2015 diluted earnings per share to be in the $2.26 to $2.38 range. The company expects to achieve 25% incremental operating income leverage in 2015. Capital expenditures for 2015 are targeted to be $260 million to $290 million. The company expects accrual basis capital expenditures for 2014 to be approximately $270 million. Effective tax rate is estimated at 30.5%. Free cash flow expected to be in the range of $10 million to $60 million for the year
For the year of 2014, the company expects sales to be of $1,855 million with adjusted diluted EPS of $2.16. For the year, the GAAP diluted EPS is estimated at $2.12. The Company expects to meet its 2014 incremental operating income leverage target of 23%.
Hexcel Corporation is engaged in providing advanced lightweight composites technology. The Company's product range includes carbon fiber, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, resins, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications. The Company operates through two segments: Composite Materials and Engineered Products. The Composite Materials segment comprises its carbon fiber, specialty reinforcements, resin systems, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, radio frequency/electromagnetic interference (RF/EMI) and microwave absorbing materials, engineered core and specialty machined honeycomb products with added functionality and thermoplastic additive manufacturing.
HEXCEL CORPORATION 
