Hexcel Issues 2017 Guidance; Updates Outlook Through 2020 - Quick Facts

(RTTNews) - Hexcel Corp. (HXL) announced the company expects 2017 earnings per share to be $2.64 to $2.76. Hexcel's 2017 revenue guidance is in the range of $2.05 billion to $2.15 billion with Commercial Aerospace again leading sales growth. In 2017, the company expects mid-single digit sales growth as Commercial Aerospace, which currently comprises 71% of company sales, transitions several legacy aircraft to new derivatives with higher composite content. Hexcel expects free cash flow to be greater than $100 million for the year, with the typical seasonal use of cash in the first quarter of the year.

Through 2020, Hexcel expects double-digit adjusted diluted EPS growth. From 2015 through 2020, the company expects average annual growth rates of 6-9%. This includes 6%-10% annual average growth rates in Commercial Aerospace.

Hexcel expects to generate $1 billion of free cash flow over the five year period from 2016 to 2020. The company expects 2016 to be its peak year for capital expenditures and targets capital expenditures over the next three years (2017 to 2019) of about $600 million.