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Dec 12 (Reuters) – Hexcel Corp:
* HEXCEL PROVIDES FINANCIAL GUIDANCE FOR A RECORD YEAR IN 2018 AND UPDATES OUTLOOK THROUGH 2020
* – 2018 REVENUE GUIDANCE IS FOR SALES IN RANGE OF $2.10 BILLION TO $2.20 BILLION
* – EXPECTS 2018 FREE CASH FLOW TO BE IN EXCESS OF $230 MILLION.
* – CAPEX FOR 2018 EXPECTED TO BE IN RANGE OF $170 MILLION TO $190 MILLION
* – IS REVISING ITS SALES GROWTH EXPECTATIONS THROUGH 2020 TO A CAGR OF 7% TO 10%
* – IS REAFFIRMING ITS TARGET TO GENERATE $1 BILLION IN FREE CASH FLOW OVER FIVE-YEAR PERIOD FROM 2016 TO 2020
* – EXPECTS TO FUND 2018 CAPITAL EXPENDITURES FROM CASH FROM OPERATIONS
* – IS TARGETING A RETURN TO SHAREHOLDERS OF MORE THAN 50% OF ADJUSTED NET INCOME EACH YEAR THROUGH 2020
* FY2018 EARNINGS PER SHARE VIEW $2.97, REVENUE VIEW $2.17 BILLION — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)
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