Hexcel Corporation

Hexcel Reports 2026 Third Quarter Results

Hexcel reported Q3 2026 sales of $496.4 million, up 8.8% year-over-year, with GAAP diluted EPS of $0.50 versus $0.26 a year ago and adjusted EPS up 35% from $0.37. Commercial aerospace sales surged 20.5% on strength in A350, 787, A320 and MAX platforms, while Defense, Space & Other fell 8.7% on divestitures and temporary softness in F-35 and fighter/launcher programs. 2026 guidance was reaffirmed (sales $2.025-$2.125B, adjusted EPS $2.30-$2.40, FCF >$195M), and the Board raised the share repurchase authorization to $750 million from $381 million and declared a $0.18 quarterly dividend. YTD free cash flow more than doubled to $102.5 million, and management expects to return to its targeted leverage range by end of 2026.

•4d ago

Hexcel to Showcase Advanced Composite Innovations for Aerospace, Defense and Space at CAMX 2026

Hexcel will showcase advanced composite innovations at CAMX 2026 in Atlanta, Sept. 22-24, including a first-of-its-kind NCAMP qualification for HexWeb HRH-10 aerospace honeycomb. The HRH-10 qualification establishes the aerospace industry's first publicly available NCAMP database for honeycomb core materials, aimed at reducing qualification costs and accelerating composite adoption. Hexcel also announced expanded U.S. production of HexPly M901 fast-curing prepreg at Salt Lake City, supporting cure cycles as short as four to five minutes, plus a new HexWeb Vented Flex-Core aluminum honeycomb for space launch applications.

•1mo ago

Hexcel Declares Quarterly Dividend

Hexcel Corporation’s Board of Directors declared a regular quarterly cash dividend of $0.18 per share on the company’s common stock. The dividend is payable to stockholders of record as of August 10, 2026, with a scheduled payment date of August 17, 2026. Hexcel is a global leader in advanced lightweight composites technology, serving commercial aerospace, defense, space, and industrial markets.

•2mo ago

Hexcel Reports 2026 Second Quarter Results

Hexcel delivered Q2 sales of $529.3 million, up 8% year-over-year, with adjusted diluted EPS jumping 32% to $0.66 per share. Driven by rising build rates for the Airbus A350 and Boeing 787, the company raised its full-year 2026 sales guidance to $2.025–$2.125 billion and adjusted EPS to $2.30–$2.40. Free cash flow for the first six months of 2026 improved to $51.8 million compared to a use of cash last year, and the board declared a quarterly dividend of $0.18 per share.

•2mo ago

Hexcel Announces NCAMP Qualification of HexPly® M91 Composite Material System

Hexcel achieved NCAMP qualification for its HexPly M91 carbon fiber-reinforced epoxy prepreg system, covering both unidirectional tape and plain weave fabric forms. The qualification publishes material allowables in the NCAMP database, enabling aerospace manufacturers to reduce the time and cost associated with qualification and certification. M91 is designed for demanding primary structures and is now positioned for broader adoption across commercial and advanced air mobility platforms.

•3mo ago

Hexcel Announces Expanded Long-Term Agreements with Boeing

Hexcel announced expanded long-term agreements with Boeing covering commercial, defense, and space programs to reinforce their collaboration. The agreements establish a broad enterprise-level composite material supply framework and extend a key contract for advanced acoustic engineered core materials used in engine applications. Management highlighted that the deal strengthens long-term supply alignment and positions Hexcel to support Boeing’s production priorities and future innovation needs.

•3mo ago

Deutsche Aircraft and Hexcel Announce Long‑Term Composite Partnership for the D328eco® Regional Aircraft Programme

Hexcel signed a long-term industrial partnership and supply agreement with Deutsche Aircraft to provide advanced composite solutions for the D328eco regional aircraft. The deal was announced at the ILA Berlin Air Show, focusing on integrating composites into primary and secondary airframe structures to improve weight, durability, and fuel efficiency. Deutsche Aircraft plans to begin flight tests in 2026, with full production readiness at its Leipzig/Halle facility in early 2027 and entry into service in Q4 2027.

•4mo ago

Hexcel, NIAR Break Ground on New Hexcel Applications Center at Wichita State University

Hexcel broke ground on the new Hexcel Applications Center at Wichita State University’s National Institute for Aviation Research (NIAR). The facility expands Hexcel’s long-standing collaboration with NIAR, combining Hexcel’s materials science expertise with NIAR’s automated processing capabilities to accelerate composite development for aerospace and defense customers. This investment strengthens Kansas’ position as a global aerospace hub and creates an integrated end-to-end development pathway from material innovation in Utah to automated manufacturing in Wichita and final validation in Washington.

•4mo ago

HXL: 10-Q · periodic report

Hexcel Corporation reported net sales of $501.5 million for the first quarter of 2026, an increase of 9.9% compared to the prior year period, driven primarily by an 18.8% rise in Commercial Aerospace sales. Net income increased 28.7% to $37.2 million, with diluted earnings per share rising to $0.49 from $0.35 in the prior year quarter. Gross margin improved significantly to 26.9% from 22.4% a year ago, attributed to favorable sales leverage and mix. The company noted that growth in Commercial Aerospace was led by major programs including the Airbus A350 and A320 and Boeing's 787 and 737 Max, while Defense, Space & Other sales decreased 4.3% following the divestment of an Austrian-based industrial business. Hexcel completed a refinancing of its senior unsecured credit facility, extending the maturity date to March 31, 2031, with total borrowings of $300 million against a $750 million capacity. The company also confirmed that it had approximately $380.6 million remaining authorization under its share repurchase plan following the settlement of accelerated share repurchase agreements.

SEC 10-Q•6mo ago