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.
Key figures
- Eps
- 0.5
- Revenue
- 496400000
- Guidance
- FY2026 unchanged: sales $2.025B-$2.125B; adjusted diluted EPS $2.30-$2.40; free cash flow >$195M; capex <$100M
- Revenue Yoy
- 8.8%
- Ytd fcf
- 102500000
- Net income
- 38600000
- Gross margin
- 23.3%
- Adjusted eps yoy
- 35.1%
- Operating income
- 54800000
- Defense space yoy
- -8.7%
- Dividend per share
- 0.18
- Commercial aero yoy
- 20.5%
- Defense space sales
- 166100000
- Gaap eps prior year
- 0.26
- Buyback authorization
- 750000000
- Commercial aero sales
- 330300000
- Adjusted eps prior year
- 0.37
- Adjusted operating income
- 54400000
- Adjusted operating margin
- 11.0%
AI analysis
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