Just caught Hexcel's Q4 results and there's some interesting stuff here. Revenue came in at $491.3M, up 3.7% year-over-year, which beat estimates by 2.7% versus the expected $478.38M. EPS hit $0.52, matching last year but beating the $0.50 consensus estimate by 4.31%.

What caught my eye was how the business segments performed differently. Commercial aerospace composite materials absolutely crushed it with $257.9M versus the $246.71M estimate - that's a solid 10.3% YoY jump. Defense and space composites were even stronger at $136.6M versus $129.02M expected, posting a 24% YoY gain. Pretty impressive growth there.

But engineered products told a different story. The commercial aerospace engineered products segment came in at $41.6M, missing the $46.92M estimate and down 6.5% year-over-year. Total engineered products were basically flat at $98.5M versus the $101.09M consensus. Defense engineered products did okay at $55.2M versus $54.17M estimate, up 4% YoY.

Overall composite materials revenue hit $415.1M versus the $375.72M estimate - that's a nice beat. Defense and space total sales reached $191.8M versus $183.59M expected, up 17.5% year-over-year. Commercial aerospace total came in at $299.5M versus $292.24M estimated, up 7.6%.

The stock's been up 7.7% over the past month. It's ranked a Hold right now, so probably tracks with the broader market near-term. The real story here is the strength in defense and aerospace composites versus weakness in engineered products - worth watching where this trend heads next quarter.