HXL
Hexcel Corporation72.31
-1.39-1.89%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Granular OEM rate details emerge
Q&A unpacked granular 2026 OEM rate assumptions backing guidance—80 A350s (up from 57), low-mid 700s A320s, mid-400s MAX, 90-100 787s—for low to mid-double-digit commercial growth. Incremental margins hit mid-30s via operating leverage as volumes recover. Post-ASR deleveraging comes first, but $384M buyback capacity lingers. Analysts grilled Q4 composite margins (20.5%) and FX; management cited cost controls, lower comp accruals, no one-timers. Rates are ramping. Confident on execution; watch A350 demand pull-through.
Key Stats
Market Cap
5.76BP/E (TTM)
85.07Basic EPS (TTM)
0.85Dividend Yield
0.01%Recent Filings
8-K
Hexcel adds activist director
Hexcel inked a cooperation agreement with Vision One Fund on March 3, 2026, appointing aerospace veteran Neal J. Keating to its board and audit committee amid activist pressure. Vision One, holding 640,329 shares, withdrew its 2026 annual meeting nominees, accepted standstill curbs until mid-2027, and secured audit oversight of capital allocation and margins. Board size capped at 10 now, 9 post-meeting. Activist fight averted.
10-K
FY2025 results
Hexcel's FY2025 net sales held steady as Composite Materials dipped 1% y/y to $1,516.2M while Engineered Products edged up 1.5% to $377.7M, with Commercial Aerospace at 61% and Defense, Space & Other at 39% of total sales; Airbus and Boeing claimed 52% of revenues. Divestitures streamlined non-core ops—Austria in Q3, Hartford and Belgium earlier—sharpening carbon fiber focus. Q4 saw robust $454.3M share repurchases under new $600M authorization, including $350M ASR settling Q1 2026. Backlog hit near-record 15,474 aircraft. Supply chain snarls crimp momentum.
8-K
Q4 sales up, 2026 guidance strong
Hexcel reported Q4 2025 sales of $491M, up 3.7% from $474M in Q4 2024, with GAAP EPS surging to $0.60 from $0.07 despite flat full-year sales of $1.9B. Commercial aerospace grew 7.6% on A320neo strength, yet A350 destocking lingered. Guidance signals rebound: $2.0-2.1B sales, adj. EPS $2.10-2.30. Destocking abates.
8-K
Hexcel names interim CFO
Hexcel appointed Michael C. Lenz as Interim CFO effective November 30, 2025, following Patrick Winterlich's resignation to pursue another opportunity. Lenz, ex-FedEx CFO with deep finance experience, starts transition November 19 on a $65,000 monthly base for at least three months plus bonus. Smooth handover aids search for permanent successor. No family ties or conflicts disclosed.
8-K
Lead Director to exit 2026
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