Hexcel Corporation (NYSE:HXL) Q2 2023 Earnings Conference Call July 25, 2022 10:00 AM ET
Company Participants
Patrick Winterlich - CFO
Nick Stanage - Chairman, President and CEO
Kurt Goddard - Vice President, Investor Relations
Conference Call Participants
Ken Herbert - RBC Capital Markets
Gautam Khanna - Cowen
David Strauss - Barclays
Robert Spingarn - Melius Research
Matt Akers - Wells Fargo
Sheila Kahyaoglu - Jefferies
Pete Skibitski - Alembic Global
Richard Safran - Seaport Research Partners
Myles Walton - Wolfe Research
Ron Epstein - Bank of America
Michael Ciarmoli - Truist Securities
Operator
Good morning, ladies and gentlemen, and welcome to the Hexcel Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded. After the speaker's prepared remarks, there will be a question-and-answer session. [Operator Instructions]
And at this time, I would like to turn the call over to Mr. Patrick Mitelich, Chief Financial Officer. Please go ahead, sir.
Patrick Winterlich
Thank you, Dan. Good morning, everyone. Welcome to Hexcel Corporation's second quarter 2023 earnings conference call. Before beginning, let me cover the formalities. I want to remind everyone about the safe harbor provisions related to any forward-looking statements we may make during the course of this call. Certain statements contained in this call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. They involve estimates, assumptions, judgments and uncertainties caused by a variety of factors that could cause future actual results or outcomes to differ materially from our forward-looking statements today. Such factors are detailed in the company's SEC filings and last night's news release. A replay of this call will be available on the Investor Relations page of our website. Lastly, this call is being recorded by Hexcel Corporation and is copyrighted material. It cannot be recorded or rebroadcast without our express permission. Your participation on this call constitutes your consent to that request.
With me today are Nick Stanage, our Chairman, CEO and President; and Kurt Goddard, our Vice President of Investor Relations. The purpose of the call is to review our second quarter 2023 results detailed in our news release issued yesterday.
Now let me turn the call over to Nick.
Nick Stanage
Thanks, Patrick. Good morning, everyone, and thank you for joining us today as we share our second quarter 2023 results. We started the year with great momentum that is carried forward into the second quarter as we delivered a solid year-over-year increase in sales of almost 16%, reflecting robust demand for lightweight advanced composites and strong execution.