Hexcel Q2 sales rise on commercial aerospace demand
HXL•Outlook
- Hexcel raises FY 2026 sales guidance to $2.025 bln-$2.125 bln from $2.0 bln-$2.1 bln
- Company increases FY 2026 adjusted EPS guidance to $2.30-$2.40 from $2.10-$2.30
- Hexcel maintains FY 2026 free cash flow guidance above $195 mln and capex below $100 mln
Overview
- U.S. composites maker's Q2 sales rose 8%, a slight beat versus analyst expectations
- Adjusted EPS for Q2 was $0.66, beating analyst expectations
- Company raised 2026 sales and adjusted EPS guidance on strong commercial aerospace demand
Result drivers
- Commercial aerospace demand - Co said rising build rates at commercial aerospace customers, especially Airbus A350 and Boeing 787, drove strong sales growth
- Operating leverage - Higher sales volumes generated operating leverage, contributing to improved gross margin and earnings
- Defense, space & other decline - Sales in defense, space and other markets fell due to the divestment of the Austrian-based industrial business
Analyst coverage
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