David Strauss's questions to Hexcel Corp (HXL) leadership • Q4 2024
Question
David Strauss asked about the expected currency tailwind to margins in 2025 and 2026, the average euro exchange rate in 2024, and whether Q1 2025 would see a typical seasonal use of cash.
Answer
Executive Patrick Winterlich stated he could not predict the future margin tailwind from currency but confirmed the company is 'well positioned' with its hedges and that the average rate in 2024 was $1.08 to the euro. He also affirmed that the typical cash flow profile is expected, with Q1 being a use of cash that reverses over the course of the year.