-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。HXLは、第1四半期の調整後EPSが前年同期の0.37ドルに対し0.59ドルとなり、市場予想を0.15ドル上回りました。売上高は前年同期比9.9%増の5億150万ドルで、市場予想を1,800万ドル上回りました。商用航空宇宙事業の売上高は、A350、A320neo、787、737 MAXプログラムが牽引し、前年同期比18.8%増の3億3,270万ドルとなりました。これは、在庫調整圧力が緩和されたためです。今回の結果は、既存生産能力への生産量回復に伴い、売上高の伸びが10%未満であるにもかかわらずEPSが59.5%増加するという、当社が長年にわたり主張してきた営業レバレッジに関する見解を裏付けるものです。経営陣は、地政学的な不確実性にもかかわらず、2026年の売上高見通しを20億ドル～21億ドル、調整後EPSを2.10ドル～2.30ドルと再確認しました。調整後営業利益率は前年比360ベーシスポイント上昇し13.5%となり、大幅な固定費レバレッジ効果を示しています。HXLは、大幅な生産能力増強なしに単独供給契約から増収を獲得できる有利な立場にあり、2027年まで増収率は30%台半ばに達する見込みですが、持続的な成長はOEMの実行力とサプライチェーンの安定性に左右されます。
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