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Hexcel (HXL) investor relations material
Hexcel Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strong momentum entering 2026, with commercial aerospace recovery and robust defense demand driving growth.
2025 was challenging due to OEM destocking, schedule delays, and supply chain constraints, but ended with positive order trends.
Leading provider of aerospace composites with 19 manufacturing plants and 5,563 employees as of December 31, 2025, serving both commercial aerospace (61% of 2025 sales) and defense, space, and other sectors (39%).
Strategic focus on operational excellence, cost control, and portfolio streamlining, including divestitures and facility closures.
Benefiting from secular growth in composites adoption, driven by demand for lightweighting, fuel efficiency, and emissions reduction in aerospace and transportation.
Financial highlights
2025 sales: $1.894 billion; adjusted EPS: $1.76; free cash flow: $157 million.
Q4 2025 sales: $492 million, up 3.7% year-over-year; commercial aerospace Q4 sales: $299.5 million, up 7.6%.
Adjusted operating income Q4: $65 million (13.3% of sales), up from $57 million (12.1%) in Q4 2024.
Adjusted EBITDA 2025: $346 million, down from $382 million in 2024.
Return on invested capital improved to 8.7% in 2025 from 8.1% in 2024.
Outlook and guidance
2026 sales guidance: $2.0–$2.1 billion; adjusted EPS: $2.10–$2.30; free cash flow: >$195 million.
Management expects 8% sales growth and 25% adjusted EPS growth at the midpoint for 2026.
Commercial aerospace expected to grow low to mid double digits; defense and space low to mid single digits.
Cumulative free cash flow expected to exceed $1 billion from 2026–2029.
Capital expenditures expected below $100 million in 2026; effective tax rate of 20%.
- TimeTickerHeadlineOpen
- 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects. - 6 FebNVDA
AI-driven digital twins and real-time simulation will transform engineering and manufacturing. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position. - 6 FebCPT
2025 results beat guidance; Sun Belt focus, asset sales, and share buybacks drive 2026 strategy. - 6 FebCRI
H1 2025 saw a return to profit, record revenues, and strong cash from major space projects. - 6 FebSCW
Q2 2025 revenue up 120% y/y, driven by record Asian contract and backlog growth.
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