Hexcel drops after surprise appointment of former Spirit Aero chief as CEO [Reuters]
Hexcel Corporation (HXL)
Last hexcel corporation earnings: 2/3 04:10 pm
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Source: Reuters
, opens new tab as its new CEO spooked investors on Wednesday, sparking a 12% fall in its shares. Hexcel, which supplies composite parts such as carbon fibers and structural adhesives to Boeing (BA.N) New Tab , opens new tab and Airbus (AIR.PA) New Tab , opens new tab , said on Tuesday current chief Nick Stanage will transition to an executive chairman role and will retire at the end of the year. "We note the surprising nature of this announcement as the company did not communicate to the market that it had been pursuing new leadership," BofA Securities wrote in a note, while downgrading the stock to "underperform" from "neutral". Tom Gentile, who will take over as Hexcel CEO, stepped down from his role at Spirit Aero in October after a series of industrial challenges left the supplier struggling to stabilize cash flows. He had been the top boss of the company since 2016. Spirit's shares declined more than 60% while he was the CEO. His tenure was marked by a series of sup
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HXL
News
- Hexcel First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Hexcel Co. (NYSE: HXL) had its price target lowered by analysts at UBS Group AG from $77.00 to $73.00. They now have a "neutral" rating on the stock.MarketBeat
- Hexcel Corporation (NYSE:HXL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Earnings Update: Hexcel Corporation (NYSE:HXL) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Hexcel's (HXL) Q1 Earnings Match Estimates, Sales Miss [Yahoo! Finance]Yahoo! Finance
HXL
Earnings
- 4/22/24 - In-Line
HXL
Sec Filings
- 4/22/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- HXL's page on the SEC website