Hexcel Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 457.5 million compared to USD 429.4 million a year ago. Net loss was USD 18.2 million compared to net income of USD 37 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.43 a year ago.

For the full year, the company reported sales was USD 1,789 million compared to USD 1,577.7 million a year ago. Net income was USD 105.7 million compared to USD 126.3 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 1.5 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 1.49 a year ago.