05:24 PM EDT, 04/22/2024 (MT Newswires) -- Hexcel ( HXL ) reported Q1 non-GAAP earnings late Monday of $0.44 per diluted share, down from $0.50 a year earlier.

Analysts polled by Capital IQ expected a normalized EPS of $0.42.

Net sales for the quarter ended March 31 were $472.3 million, up from $457.7 million a year earlier. Analysts surveyed by Capital IQ expected $475.2 million.

The company reiterated its 2024 diluted adjusted earnings guidance of $2.10 to $2.30 on sales of $1.93 billion to $2.03 billion. Analysts in a Capital IQ poll expect EPS of $2.23 on revenue of $1.98 billion.

The company maintained its quarterly dividend at $0.15 per share, payable on May 10 to shareholders of record as of May 3.

The shares of the company were up 1.1% in after-hours trading.