Hexcel meets Q3 profit view; keeps FY forecast
HXL•Hexcel's third-quarter sales rose 8.8% year over year to $496.4 million, below analyst expectations, while adjusted EPS of $0.50 met forecasts. It maintained its 2026 guidance and increased its share repurchase authorization to $750 million.
1. Quarterly results
Hexcel reported third-quarter sales of $496.4 million, up 8.8% year over year and below the $502.76 million analyst consensus. Adjusted EPS was $0.50, in line with expectations, while adjusted operating income of $54.4 million missed the $61.007 million consensus.
2. 2026 outlook
The company maintained its 2026 sales guidance of $2.025 billion to $2.125 billion and expects adjusted diluted EPS of $2.30 to $2.40. It sees free cash flow above $195 million and capital expenditures below $100 million, and increased its share repurchase authorization to $750 million. Commercial aerospace sales rose, while Defense, Space & Other sales declined due to divestitures, site closures and temporary softness in some programs. CEO Tom Gentile cited higher hiring and training costs to meet anticipated demand.
