Myles Walton's questions to Hexcel Corp (HXL) leadership • Q4 2024
Question
Myles Walton requested a breakdown of the 2025 Commercial Aerospace growth guidance between volume and price. He also asked about capital deployment, noting the Q4 pause in share repurchases and clarifying the scope of M&A.
Answer
Executive Patrick Winterlich confirmed that the majority of the aerospace growth is volume-driven, supplemented by pricing. Chairman, CEO & President Tom Gentile clarified that M&A will focus on advanced materials science, not structures. He explained the Q4 buyback pause was due to the significant $250 million repurchased earlier in the year and that the company intends to continue buybacks, absent a compelling M&A deal.