- Hexcel posted a slight revenue miss on sharply lower commercial aerospace demand, but segment profits held up a little better than expected.
- Hexcel has adequate liquidity to participate in the eventual recovery; narrowbody production could recover by year-end, but a widebody recovery may be more of a 2022 driver.
- Fleet retirements and long-term travel demand growth will support healthy demand for new jets, but it will take several years for that demand to materialize.
- Hexcel's valuation seems to already adequately reflect the company's recovery prospects over the next three to five years.
For further details see:
Hexcel's Price Anticipates The Eventual Recovery