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Hexcel (HXL)
NYSE:HXL
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The transcript reflects cautious optimism: management outlines a clear path to recovery with 2026 revenue and EPS guidance, segment margin expansion (notably in Composite Materials), early capacity preparations and disciplined shareholder returns. However, material near-term headwinds remain — Airbus A350 schedule changes and OEM destocking, weaker free cash flow and EBITDA versus 2024, elevated leverage after the ASR, FX pressures, and sales reductions from divestitures. The positives (recovering commercial demand, margin expansion in core segment, strong guidance and strategic actions) are balanced by meaningful near-term financial and operational challenges.Company Guidance
Full Year Financial Results and Q4 Revenue Growth
Full year 2025 sales of $1.894 billion, adjusted EPS of $1.76 and free cash flow of $157 million. Fourth quarter 2025 sales ~ $491–492 million (Tom: +3.7% YoY; Mike: +1.6% constant currency) and fourth quarter adjusted operating income of $65 million (13.3% of sales) versus $57 million (12.1%) in prior year.
Commercial Aerospace Recovery and Industry Backlog
Macro indicators point to recovery: global commercial aircraft backlog >17,000 and reported delivery shortfall ~5,300. Industry production in 2025 was ~1,503 aircraft (≈87% of 2018 peak); management expects industry to recover to pre‑pandemic production levels in 2026 and sees catalysts across A350, A320, 787 and 737 programs.
Composite Materials Segment Margin Expansion
Composite Materials represented ~80% of Q4 sales and delivered an adjusted operating margin of 20.5% in Q4 2025 versus 15.3% in prior year (increase ~520 basis points), highlighting strong segment-level operating leverage.
Operational Discipline and Capacity Preparations
Actions taken in 2025 included portfolio rationalization (closures/divestitures), headcount reduced by ~330 positions vs year-end 2024, productivity investments (automation, AI, digitization), and early restart of a carbon-fiber line to prepare for higher A350 demand.
Shareholder Returns and Financial Discipline
Launched $350 million accelerated share repurchase (ASR) in Oct 2025; returned over $800 million to shareholders since 2024 via dividends and repurchases; quarterly dividend increased 6% to $0.18 per share; reiterated target net debt/EBITDA range of 1.5–2.0x and plan to prioritize revolver repayment in 2026.
2026 Guidance and Multi-Year Cash Outlook
2026 guidance: sales $2.0–2.1 billion (midpoint ≈ +8% vs 2025), adjusted EPS $2.10–2.30 (≈ +19% to +31% vs 2025), and free cash flow > $195 million (improvement vs $157 million in 2025). Management expects >$1 billion cumulative free cash flow 2026–2029 and $500 million incremental sales once OEMs hit peak build rates.
Defense and Space Growth Opportunity
Defense, space and other markets remain robust; management expects continued strength as defense budgets rise globally and projects additional long‑term sales growth (~>$200 million from defense/space/business & regional jets over time).
HXL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HXL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $80.23 | $84.56 | +5.40% |
Oct 22, 2025 | $63.59 | $70.78 | +11.31% |
Jul 24, 2025 | $62.04 | $60.79 | -2.01% |
Apr 21, 2025 | $50.06 | $47.89 | -4.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hexcel (HXL) report earnings?
Hexcel (HXL) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Hexcel (HXL) earnings time?
Hexcel (HXL) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HXL EPS forecast?
HXL EPS forecast for the fiscal quarter 2026 (Q1) is 0.43.