HEXCEL CORP /DE/ (HXL) Form 8-K — Oct 21, 2026
Hexcel reported Q3 2026 net sales of $496.4 million, up 8.8% year over year, with adjusted diluted EPS of $0.50 versus $0.37 in Q3 2025. GAAP diluted EPS nearly doubled to $0.50 from $0.26 on 87.4% net income growth to $38.6 million. Commercial Aerospace sales jumped 20.5% to $330.3 million on Airbus A350, Boeing 787 and MAX demand, while Defense, Space & Other sales fell 8.7% to $166.1 million on F-35 softness, lower launcher and rocket motor sales, and non-core business exits. The Board increased the share repurchase authorization to $750 million from $380.6 million and declared a quarterly dividend of $0.18 per share payable November 9, 2026.
Key figures
- Eps
- 0.5
- Revenue
- 496400000
- Guidance
- 2026 guidance unchanged: sales $2.025B-$2.125B, adjusted diluted EPS $2.30-$2.40, free cash flow >$195M, capex <$100M
- Net Income
- 38600000
- Total Debt
- 934900000
- Revenue Yoy
- 8.8%
- Cash Position
- 77800000
- Shares Outstanding
- 75.8M basic weighted average
- Gross margin q3
- 23.3% vs 21.9% prior year
- Q3 2025 revenue
- 456200000
- Ytd free cash flow
- 102500000
- Dividend record date
- November 2, 2026
- Dividend payment date
- November 9, 2026
- Ytd operating cash flow
- 171100000
- Buyback authorization new
- $750.0 million
- Defense space other sales
- 166100000
- Q3 gaap diluted eps prior
- 0.26
- Commercial aerospace sales
- 330300000
- Defense space other change
- -8.7%
- Buyback authorization prior
- $380.6 million
- Commercial aerospace growth
- 20.5%
- Adjusted operating income q3
- 54400000
- Adjusted operating margin q3
- 11.0%
- Quarterly dividend per share
- $0.18
- Q3 adjusted diluted eps prior
- 0.37
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