07:41 AM EDT, 07/18/2024 (MT Newswires) -- Hexcel ( HXL ) reported Q2 adjusted earnings Thursday of $0.60 per diluted share, up from $0.50 a year earlier.

Analysts polled by Capital IQ expected $0.56.

Net sales for the quarter ended June 30 were $500.4 million, up from $454.3 million a year earlier.

Analysts surveyed by Capital IQ expected $486 million.

For 2024, the company lowered its adjusted earnings guidance to $2.02 to $2.18 per share, from $2.10 to $2.30 per share previously. Revenue is now seen at $1.90 billion to $1.98 billion, down from $1.93 billion to $2.03 billion previously.

Analysts polled by Capital IQ are expecting 2024 adjusted EPS of $2.21 per share on revenue of $1.95 billion.

Hexcel ( HXL ) shares were down 0.7% in premarket trading.

Price: 67.46, Change: -0.48, Percent Change: -0.71