Hexcel Corporation (NYSE:HXL) Q4 2022 Earnings Conference Call January 26, 2023 10:00 AM ET

Company Participants

Patrick Winterlich - Chief Financial Officer

Nick Stanage - Chairman, President and CEO

Kurt Goddard - Vice President, Investor Relations

Conference Call Participants

David Strauss - Barclays

Pete Skibitski - Alembic Global

Ron Epstein - Bank of America

Myles Walton - Wolfe Research

Robert Spingarn - Melius Research

Kristine Liwag - Morgan Stanley

Gautam Khanna - Cowen

Mike Sison - Wells Fargo

Michael Ciarmoli - Truist Securities

Richard Safran - Seaport Research

Robert Stallard - Vertical Research

Operator

Good morning. My name is Emma. I will be your conference operator today. At this time, I would like to welcome everyone to the Hexcel Fourth Quarter 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Patrick Winterlich, Chief Financial Officer, you may begin your conference.

Patrick Winterlich

Thanks, Emma. Good morning, everyone. Welcome to Hexcel Corporation’s fourth quarter 2022 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 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 fourth quarter 2022 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 both fourth quarter and full year 2022 results. Many of our key markets have seen a robust return to growth in 2022, especially in Commercial Aerospace, where air travel has experienced a strong and much welcomed rebound. Our Space and Defense markets have remained strong and have grown nicely over 2021. There’s also been a year of supply chain challenges, inflationary pressures and a tight labor market.