Hexcel Corporation
Description
Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets fabrics, multi-axials, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and rail transportation. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings; and RF interference control products for military and aerospace applications. This segment also provides interference control materials, structural composites, and services; dielectric absorber foams; magnetic absorbers; and thermoplastics for commercial and defense applications. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.
About
CEO
Mr. Thomas C. Gentile III
Employees
5,590
Instrument type
Common Stock
Sector
Industrials
Industry
Aerospace & Defense
MIC code
XNYS
Address
Two Stamford Plaza, Stamford, CT 06901-3261, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 21, 2026 | — | — | — | — |
| Oct 20, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Jan 23, 2025 | 0.50 | 0.52 | 0.02 | 4.00% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 16 | 16 | 18 | 16 |
| Average estimate | 0.44 | 0.58 | 2.17 | 2.83 |
| Low estimate | 0.38 | 0.50 | 2.07 | 2.60 |
| High estimate | 0.50 | 0.64 | 2.28 | 3.12 |
| Last year EPS | 0.44 | 0.60 | 2.03 | 2.17 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
0.950%
Next qtr. (Jun 2025)
-4.040%
Current year (Dec 2025)
6.720%
Next year (Dec 2026)
30.540%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.79B | 1.58B | 1.32B | 1.50B | 2.36B |
| Cost of revenue | 1.36B | 1.22B | 1.07B | 1.26B | 1.72B |
| Gross profit | 433.20M | 357.10M | 250.10M | 239.70M | 640.40M |
| Operating expense | |||||
| Research & development | 52.70M | 45.80M | 45.10M | 46.60M | 56.50M |
| Selling general and admin | 163.80M | 148.00M | 135.00M | 121.10M | 158.70M |
| Other operating expenses | 1.40M | -11.90M | 18.20M | 57.90M | — |
| Operating income | 215.30M | 175.20M | 51.80M | 14.10M | 425.20M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 34.00M | 36.20M | 38.30M | 41.80M | 45.50M |
| Other income expense | -71.60M | 10.80M | 8.50M | — | — |
| Pretax income | 109.70M | 149.80M | 22.00M | -27.70M | 379.70M |
| Tax provision | 12.10M | 31.60M | 5.90M | -61.00M | 76.80M |
| Net income | 105.70M | 126.30M | 16.10M | 31.70M | 306.60M |
| Basic EPS | 1.25 | 1.50 | 0.19 | 0.38 | 3.61 |
| Diluted EPS | 1.24 | 1.49 | 0.19 | 0.38 | 3.57 |
| Basic average shares | 84.60M | 84.40M | 84.10M | 83.80M | 84.90M |
| Diluted average shares | 84.60M | 84.40M | 84.10M | 83.80M | 84.90M |
| EBITDA | 268.50M | 312.20M | 198.30M | 155.00M | 566.90M |
| Net income from continuing op. | 105.70M | 126.30M | 16.10M | 31.70M | 306.60M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.92B | 2.84B | 2.82B | 2.92B | 3.13B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 227.00M | 112.00M | 127.70M | 103.30M | 64.40M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 234.70M | 222.70M | 160.30M | 125.40M | 227.60M |
| Other receivables | 25.10M | 32.00M | 30.50M | 43.10M | 52.70M |
| Inventory | 334.40M | 319.30M | 245.70M | 213.50M | 333.10M |
| Prepaid assets | — | — | 39.50M | 38.00M | 27.10M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | 9.50M | 12.60M | 12.60M | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 43.00M | 38.90M | 39.50M | 38.00M | 27.10M |
| Non current assets | |||||
| Properties | 2.08B | 2.03B | 2.08B | 2.11B | 2.03B |
| Land and improvements | 120.60M | 106.90M | 109.20M | 107.00M | 105.40M |
| Machinery furniture equipment | — | — | — | 2.11B | 2.03B |
| Construction in progress | 265.00M | 290.00M | 246.60M | 231.50M | 249.30M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.52B | -1.43B | -1.36B | -1.27B | -1.13B |
| Goodwill | 251.30M | 256.00M | 458.00M | 470.90M | 280.40M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 251.30M | 256.00M | 77.00M | 84.70M | — |
| Investments and advances | 5.00M | 47.60M | 44.60M | 44.70M | 46.50M |
| Other non current assets | 119.30M | 141.50M | 144.90M | 185.20M | 154.00M |
| Total liabilities | 1.20B | 1.28B | 1.33B | 1.41B | 1.68B |
| Current liabilities | |||||
| Accounts payable | 159.10M | 155.50M | 113.20M | 70.00M | 157.60M |
| Accrued expenses | 75.00M | 82.50M | 73.40M | 65.40M | 63.40M |
| Short term debt | 100,000 | 200,000 | 900,000 | 900,000 | 9.50M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | 75.70M | 69.60M | 54.40M | 43.20M | 74.40M |
| Other current liabilities | 6.00M | 22.00M | 5.70M | 3.60M | 17.70M |
| Non current liabilities | |||||
| Long term debt | 699.40M | 723.30M | 822.40M | 925.50M | 1.05B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 110.60M | 126.40M | 140.00M | 153.00M | 155.70M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 33.50M | 60.90M | 71.30M | 92.10M | 100.30M |
| Shareholders equity | |||||
| Common stock | 1.10M | 1.10M | 1.10M | 1.10M | 1.10M |
| Retained earnings | 2.17B | 2.10B | 2.01B | 2.00B | 1.98B |
| Other shareholders equity | -74.10M | -174.40M | -126.50M | -59.60M | -118.70M |
| Total shareholders equity | 1.72B | 1.55B | 1.49B | 1.51B | 1.45B |
| Additional paid in capital | 936.80M | 905.00M | 878.60M | 849.70M | 829.90M |
| Treasury stock | 1.32B | 1.28B | 1.28B | 1.28B | 1.25B |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | 105.70M | 126.30M | 16.10M | 31.70M | 306.60M | 276.60M | 284.00M | 249.80M | 237.20M | 209.40M | 187.90M | 164.30M | 135.50M | 77.40M | 56.30M | 111.20M | 61.30M | 65.90M | 141.30M | 28.80M | -11.10M | -13.60M | -433.70M | 54.20M | -23.30M | 50.40M | 73.60M | -19.20M | 2.70M | -30.00M | -90.50M | -21.80M | 4.10M |
| Depreciation | 124.80M | 126.20M | 138.00M | 140.90M | 141.70M | 123.10M | 104.50M | 93.30M | 76.40M | 71.20M | 59.30M | 57.20M | 55.30M | 53.20M | 46.60M | 43.90M | 41.50M | 39.00M | 40.80M | 54.30M | 55.70M | 47.20M | 63.20M | 58.70M | 61.30M | 47.50M | 35.80M | 26.70M | 11.60M | 14.20M | 15.80M | 15.70M | 15.40M |
| Deferred Taxes | -32.70M | -3.10M | -2.60M | -51.40M | 16.30M | 29.30M | 3.80M | 62.80M | 53.20M | 39.70M | 16.40M | 30.90M | 23.40M | 16.10M | 19.60M | -6.50M | 10.00M | 17.50M | -106.80M | -1.10M | 4.80M | 1.70M | 27.60M | 8.60M | -15.80M | 6.90M | -33.20M | -500,000 | -300,000 | 3.60M | 5.10M | — | 2.20M |
| Stock-Based Compensation | 20.90M | 20.00M | 19.00M | 15.40M | 18.30M | 16.20M | 17.60M | 16.10M | 17.90M | 17.20M | 18.90M | 15.80M | 13.90M | 12.40M | 8.30M | 9.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -3.80M | — | -2.50M | 24.20M | -1.60M | 9.30M | 700,000 | 1.70M | 1.10M | 1.60M | 2.10M | 3.10M | 7.10M | 10.30M | -1.70M | -500,000 | 11.70M | 12.80M | 34.20M | — | — | — | — | — | — | 100,000 | 100,000 | 100,000 | 600,000 | — | 100,000 | — | 500,000 |
| Accounts Receivable | -8.90M | -62.80M | -40.70M | 110.00M | 36.50M | -20.70M | 20.20M | -17.40M | -18.40M | -15.40M | 6.40M | -28.10M | -28.20M | -22.50M | 31.80M | -3.10M | -10.00M | -11.80M | -22.10M | -19.20M | 5.90M | 35.60M | 4.60M | -7.70M | 16.10M | 18.20M | -37.60M | -14.70M | -1.80M | -1.20M | 7.90M | 19.20M | 100,000 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -7.00M | -79.80M | -38.40M | 114.80M | -29.70M | -21.50M | 3.40M | 9.60M | -41.90M | -1.80M | -27.40M | -19.40M | -53.70M | -21.90M | 43.80M | -20.30M | -12.30M | -9.90M | -18.30M | -10.90M | 2.30M | 26.70M | 25.70M | -11.70M | 52.90M | -15.70M | -32.70M | -3.30M | -5.10M | -13.60M | -13.50M | 5.10M | -800,000 |
| Operating Cash Flow | 199.00M | 126.80M | 88.90M | 385.60M | 488.10M | 412.30M | 434.20M | 415.90M | 325.50M | 321.90M | 263.60M | 223.80M | 153.30M | 125.00M | 204.70M | 134.10M | 102.20M | 113.50M | 69.10M | 51.90M | 57.60M | 97.60M | -312.60M | 102.10M | 91.20M | 107.40M | 6.00M | -10.90M | 7.70M | -27.00M | -75.10M | 18.20M | 21.50M |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditures | 10.30M | 21.20M | — | — | — | — | — | — | — | — | — | 5.30M | — | — | -98.40M | -175.90M | -120.60M | -117.90M | -64.30M | -31.00M | -15.90M | -13.40M | -38.80M | -36.20M | -35.60M | -539.30M | -80.90M | -42.00M | 19.90M | 200,000 | -700,000 | -16.30M | -14.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | -163.20M | -3.40M | -76.00M | -38.60M | — | -10.30M | — | — | — | — | -6.00M | 22.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | -5.20M | — | — | — | -2.00M | — | -7.50M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 47.20M | 500,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | 22.30M | — | 22.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 57.50M | 21.70M | — | — | -163.20M | -3.40M | -76.00M | -38.60M | — | -10.30M | — | 5.30M | -10.40M | — | -104.40M | -131.30M | -121.40M | -95.40M | -80.40M | -28.00M | 9.10M | -2.30M | -38.30M | 68.80M | -40.30M | -539.20M | -82.90M | -206.40M | 15.70M | 300,000 | -2.50M | 4.20M | -14.80M |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 163.00M | 50.00M | — | 422.80M | 926.00M | 752.20M | 894.20M | 590.50M | 300.00M | 670.00M | 309.00M | 87.00M | 135.00M | 103.40M | 174.80M | 79.30M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -188.20M | -150.60M | -103.90M | -556.90M | -824.00M | -604.20M | -778.10M | -485.00M | -136.20M | -548.70M | -270.80M | -82.30M | -219.90M | -166.60M | -177.90M | -400,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -2.50M | — | — | -1.30M | -2.50M | — | 6.30M | -1.70M | -3.60M | -1.40M | -2.40M | -600,000 | — | -5.10M | -10.30M | — | — | — | -42.10M | — | -14.10M | — | -3.90M | -1.40M | — | -10.30M | — | -6.70M | -78.10M | -100,000 | — | — | — |
| Financing Cash Flow | -100.00M | -134.30M | -206.90M | -259.20M | 215.30M | -258.10M | -375.50M | 30.90M | -159.20M | 374.90M | -54.20M | 4.10M | 1.30M | -68.30M | -13.40M | 80.10M | 21.30M | 10.60M | -26.90M | 12.80M | 111.20M | — | -3.90M | 1.00M | -9.60M | -17.50M | 3.30M | -3.60M | -29.40M | -100,000 | 300,000 | -1.80M | -2.10M |
| Other Cash Details | |||||||||||||||||||||||||||||||||
| End Cash Position | 227.00M | 112.00M | 127.70M | 103.30M | 64.40M | 32.70M | 60.10M | 35.20M | 51.80M | 70.90M | 65.50M | 32.60M | 49.50M | 117.20M | 110.10M | 50.90M | 28.10M | 25.70M | 21.00M | 57.20M | 41.70M | 8.20M | 11.60M | 5.10M | 200,000 | — | 9.10M | — | — | — | — | — | — |
| Income Tax Paid | 59.10M | 35.90M | 1.20M | — | 56.90M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 34.60M | 35.40M | 36.10M | 41.60M | 44.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 148.90M | 96.80M | 123.80M | 213.70M | 287.00M | 237.30M | 150.60M | 73.50M | -4.30M | 57.90M | 78.00M | -31.30M | 12.50M | 77.70M | 74.40M | -78.40M | -7.10M | -15.20M | 11.30M | 51.40M | 25.30M | 51.00M | -3.80M | -6.60M | 98.10M | -445.50M | -65.20M | -9.80M | -14.60M | -9.50M | 4.20M | 11.00M | -8.10M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 2,625,399 | 168.31M | 3.24% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,619,580 | 167.94M | 3.23% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,045,993 | 131.17M | 2.53% |
| SPDR (R) Ser Tr-SPDR S&P Aerospace & Defense ETF | Nov 30, 2024 | 1,583,705 | 101.53M | 1.96% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,226,609 | 78.64M | 1.51% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 1,128,360 | 72.34M | 1.39% |
| MFS Mid Cap Growth Fund | Nov 30, 2024 | 1,029,324 | 65.99M | 1.27% |
| iShares U.S. Aerospace & Defense ETF | Nov 30, 2024 | 983,413 | 63.05M | 1.21% |
| Harbor Small Cap Value Fund | Oct 31, 2024 | 753,567 | 48.31M | 0.93% |
| SPDR S&P Mid Cap 400 ETF Trust | Nov 30, 2024 | 662,816 | 42.49M | 0.82% |
Article
Hexcel's Q4 Earnings Surpass Estimates, Revenues Improve Y/Y
HXL's total sales in the fourth quarter of 2024 beat the Zacks Consensus Estimate by 0.6%. The top line also rises 3.6% from the year-ago level.
Jan 24, 2025
Article
Hexcel Corporation (HXL) Q4 2024 Earnings Call Transcript
Hexcel Corporation (NYSE:HXL ) Q4 2024 Earnings Conference Call January 23, 2025 10:00 AM ET Company Participants Patrick Winterlich – Chief Financial Officer Tom Gentile – Chairman, President and Chief Executive Officer Conference Call Participants Ken Herbert – RBC Capital Markets Matt Akers – Wells Fargo Sheila Kahyaoglu – Jefferies Pete Skibitski – Alembic Global Advisors John McNulty – BMO Capital Markets Myles Walton – Wolfe Research Gavin Parsons – UBS Michael Ciarmoli – Truist Securities Scott Deuschle – Deutsche Bank David Strauss – Barclays Richard Safran – Seaport Research Partners Scott Mikus – Melius Research Jack Ayers – TD Cowen Ron Epstein – Bank of America Operator Hello and welcome to the Hexcel Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Jan 23, 2025
Article
Compared to Estimates, Hexcel (HXL) Q4 Earnings: A Look at Key Metrics
The headline numbers for Hexcel (HXL) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Jan 23, 2025
