Hexcel Corporation (HXL) Q4 2024 Earnings Call Transcript

2025-01-23 13:27:03 ET

Hexcel Corporation (HXL)

Q4 2024 Earnings Conference Call

January 23, 2025 10:00 AM ET

Company Participants

Patrick Winterlich – Chief Financial Officer

Tom Gentile – Chairman, President and Chief Executive Officer

Conference Call Participants

Ken Herbert – RBC Capital Markets

Matt Akers – Wells Fargo

Sheila Kahyaoglu – Jefferies

Pete Skibitski – Alembic Global Advisors

John McNulty – BMO Capital Markets

Myles Walton – Wolfe Research

Gavin Parsons – UBS

Michael Ciarmoli – Truist Securities

Scott Deuschle – Deutsche Bank

David Strauss – Barclays

Richard Safran – Seaport Research Partners

Scott Mikus – Melius Research

Jack Ayers – TD Cowen

Ron Epstein – Bank of America

Presentation

Operator

Hello and welcome to the Hexcel Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator instructions]

I would now like to turn the conference over to Patrick Winterlich, Chief Financial Officer. You may begin.

Patrick Winterlich

Thanks, Sarah. Good morning, everyone. Welcome to Hexcel Corporation’s fourth quarter and full year 2024 earnings conference call. Before beginning, let me cover the formalities. I want to remind everyone about the safe harbor provisions related to any forward-looking statements we may make during the course of this call. Certain statements contained in this call may constitute forward-looking statements within the meaning of the Private Security Litigation Reform Act of 1995. They involve estimates, assumptions, judgments, and uncertainties caused by a variety of factors that could cause future actual results or outcomes to differ materially from our forward-looking statements today. Such factors are detailed in the company’s SEC filings and earnings release.

A replay of this call will be available on the Investor Relations page of our website. Lastly, this call is being recorded by Hexcel Corporation in its copyrighted material. It cannot be recorded or rebroadcast without our express permission. Your participation on this call constitutes your consent to that request.

With me today are Tom Gentile, our Chairman, CEO and President; and Kurt Goddard, our Vice President of Investor Relations. The purpose of the call is to review our fourth quarter and full year 2024 results, detailed in our news release issued yesterday.

Now, let me turn the call over to Tom.

Tom Gentile

Thanks, Patrick. Good morning everyone and thank you for joining us today as we share our 2024 fourth quarter and full year results. Hexcel is a company well positioned for growth with a very talented team, a world leading portfolio of products and a strong operational and safety focus. I am confident in this team’s ability to deliver on current commitments and drive advanced composite material innovation for our future with lighter, more sustainable aircraft and capture new growth opportunities. Our 2024 fourth quarter and full year results underscore the robust operational performance Hexcel has demonstrated throughout what was another challenging year for the aerospace industry....

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