Q2 2026 Hexcel Corp Earnings Call Transcript

Jul 30, 2026 / 01:30 PM GMT

Release Date Price: $102.91 (-2.56%)

Transcript 10-Q8-K

Key Points

Positve

Hexcel Corp (HXL) reported strong Q2 2026 sales of $529 million, up 8% year-over-year, driven by robust commercial aerospace demand.
Adjusted operating margins improved significantly to 13.9% from 11.1% in Q2 2025, reflecting better operating leverage from higher volumes.
The company raised its full-year 2026 guidance for sales to $2.025-$2.125 billion and adjusted EPS to $2.30-$2.40, citing upside in programs like the A350 and 737 Max.
Hexcel Corp (HXL) has a clear path to 18% adjusted operating margins by the end of the decade, supported by $500 million in incremental commercial sales and $200 million in defense/space sales.
The company secured new long-term agreements with Boeing and received multiple supplier awards, reinforcing strong customer relationships and market position.

Negative

Defense and space sales declined 7% in Q2 2026 due to strategic portfolio pruning, including the divestiture of the Austrian industrial business and restructuring in Leicester, UK.
Foreign exchange headwinds negatively impacted Q2 2026 operating margins by approximately 90 basis points due to a weaker dollar.
The company faces cost pressures from elevated energy and raw material prices (e.g., acrylonitrile), though mitigated by hedging strategies.
Second-half 2026 margins are expected to be lower due to seasonal Q3 slowdowns, increased hiring, and costs from restarting an idle carbon fiber line.
Leverage remains elevated at 2.3 times net debt to adjusted EBITDA, though the company is targeting a reduction to 1.5-2.0 times during 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HXL.N - Hexcel Corp
Q2 2026 Hexcel Corp Earnings Call
Jul 30, 2026 / 01:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by and welcome to Excel second quarter 2026 earnings call, all lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during that time, simply press star or 1 on your telephone keypad.

I would now like to turn the call over to Kurt Goddard, Vice President, Investor Relations.

Sir, please go ahead.

Hello everyone, welcome to Hexel Corporations second quarter earnings conference call.

Before beginning, let me cover the formality.

I would like to about the safe harbor provisions related to any forward-looking statements we may make during the course

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.