Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
STAMFORD, Conn. - Hexcel Corporation (NYSE:HXL), a $5 billion market cap company, announced Friday that its Board of Directors has declared a regular quarterly cash dividend of $0.17 per share on the company’s common stock. The company has maintained a consistent dividend growth track record, having raised its dividend for three consecutive years with a 13.3% growth in the last twelve months.
The dividend will be payable on August 15, 2025, to stockholders of record as of August 8, 2025. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 2.59, indicating liquid assets well exceed short-term obligations.
Hexcel, a manufacturer of advanced lightweight composite materials, provides products for commercial aerospace, defense, space and industrial applications. The company’s offerings include carbon fiber, specialty reinforcements, prepregs, honeycomb, resins, and engineered core and composite structures.
The announcement was made in a press release issued by the company.
In other recent news, Hexcel Corporation reported its second-quarter financial results, surpassing analyst expectations. The company announced adjusted earnings of $0.50 per share, which was higher than the anticipated $0.46 per share. Hexcel’s revenue for the quarter reached $489.9 million, exceeding the consensus estimate of $474.69 million. Despite these positive results, the company experienced a decline compared to the same period last year, with revenue decreasing by 2.1% from $500.4 million in the second quarter of the previous year. Additionally, the adjusted diluted earnings per share dropped from $0.60 in the year-ago quarter to $0.50 in the current period. Hexcel maintained its full-year guidance, indicating stability in its outlook. These developments highlight the company’s recent financial performance and its adherence to its projected targets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.