Hexcel Releases 2026 First Quarter Results

Hexcel Corporation reported first quarter 2026 results including net sales of $502 million and adjusted diluted EPS of $0.59 per share. Sales in the first quarter of 2026 were $501.5 million compared to $456.5 million in the first quarter of 2025. Commercial Aerospace (66% of YTD Sales):Commercial Aerospace sales of $332.7 million increased 18.8% (19.0% in constant currency) for the first quarter of 2026 compared to the first quarter of 2025. Other Commercial Aerospace sales increased 15.6% for the first quarter of 2026 compared to the first quarter of 2025. Defense, Space & Other (34% of YTD Sales): Defense, Space & Other sales of $168.8 million decreased 4.3% (6.9% in constant currency) for the quarter as compared to the first quarter of 2025. Consolidated Operations: Gross margin for the first quarter of 2026 was 26.9% compared to 22.4% in the prior year. As a percentage of sales, selling, general and administrative expenses for the first quarter of 2026 were 9.9% compared to 9.5% for the first quarter of 2025. R&D expenses as a percentage of sales for the first quarter of 2026 were 3.5% compared to 3.0% for the first quarter of 2025. Adjusted operating income in the first quarter of 2026 was $67.5 million or 13.5% of sales, compared to $45.3 million or 9.9% of sales in 2025. 2026 Guidance - Unchanged • Sales of $2.0 billion to $2.1 billion • Adjusted diluted earnings per share of $2.10 to $2.30 • Free cash flow of greater than $195 million • Capital expenditures less than $100 million