Every 8-K that Hexcel Corporation (HXL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HXL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HXL filings page.
Hexcel Corporation reported strong second quarter 2026 results, with net sales of $529.3 million, up 8.0% from $489.9 million a year earlier. Commercial Aerospace sales rose 18.3% to $346.6 million while Defense, Space & Other declined 7.2% to $182.7 million. Gross margin expanded to 26.1% from 22.8%, supporting GAAP net income of $49.3 million and diluted EPS of $0.64, versus $13.5 million and $0.17 in 2025; adjusted diluted EPS increased 32.0% to $0.66.
For the first half of 2026, sales reached $1,030.8 million, up 8.9%. Net cash from operating activities improved to $96.7 million, driving free cash flow of $51.8 million versus a negative $46.6 million in 2025. The company refinanced $400 million of 3.95% notes with new 4.9% notes due 2031, ended the quarter with net debt of $897.2 million, and declared a $0.18 quarterly dividend. Management raised 2026 sales guidance to $2.025–$2.125 billion and adjusted EPS guidance to $2.30–$2.40, while maintaining free cash flow and capital expenditure targets.
Hexcel Corporation redeemed its 3.950% Senior Notes due 2027 using proceeds from a new debt issue. The company had previously completed a public offering of $400 million aggregate principal amount of 4.900% Senior Notes due 2031. On May 28, 2026, Hexcel applied the net proceeds from the 2031 Notes, together with cash on hand, to redeem all $400 million principal outstanding of the 2027 Notes under its existing indenture with U.S. Bank Trust Company, National Association.
Hexcel Corporation reported results from its 2026 Annual Meeting of Stockholders. Stockholders approved an amended Long-Term Incentive Plan that authorizes 3,015,000 shares of common stock for equity awards, including incentive stock options, with adjustments permitted for certain corporate events and share-counting rules.
The plan also limits the combined grant date fair value of equity awards plus maximum cash payable to any non-employee director to $750,000 per calendar year. All director nominees received strong support, with vote totals in the tens of millions of shares. Following the meeting, independent directors appointed Guy C. Hachey as lead independent director.
Hexcel Corporation issued $400,000,000 aggregate principal amount of 4.900% Senior Notes due 2031 under its shelf registration. The company estimates net proceeds of about $395,200,000 after underwriting discounts and expenses.
Hexcel intends to use the proceeds, together with cash on hand, to redeem all $400,000,000 of its outstanding 3.950% Senior Notes due 2027 and pay related fees and expenses. The new notes pay 4.900% interest, maturing on May 15, 2031, with semi-annual payments beginning November 15, 2026, and include customary redemption, change-of-control and covenant terms.
Hexcel Corporation reported strong first quarter 2026 results, with net sales rising to $501.5 million from $456.5 million, a 9.9% increase, driven mainly by commercial aerospace demand. Adjusted diluted EPS grew to $0.59 from $0.37, reflecting higher margins and operating leverage.
Commercial Aerospace sales climbed 18.8% to $332.7 million, while Defense, Space & Other sales declined 4.3% to $168.8 million following an industrial business divestiture. Gross margin improved to 26.9% from 22.4%, and adjusted operating income rose to $67.5 million, or 13.5% of sales.
Operating cash flow improved to $19.0 million from a use of $28.5 million, with free cash flow negative $6.2 million but much better than negative $54.6 million a year earlier. Hexcel reaffirmed its 2026 guidance, targeting $2.0–$2.1 billion in sales, adjusted EPS of $2.10–$2.30, free cash flow above $195 million, and capital expenditures under $100 million.
Hexcel Corporation entered into a new $750 million revolving credit facility that matures on March 31, 2031. This credit agreement replaces the company’s prior facility, which had been scheduled to expire in April 2028.
On March 31, 2026, Hexcel borrowed $300 million under the new revolver to repay all amounts outstanding under the terminated facility and to pay related fees and expenses. The company incurred no early termination penalties.
Borrowings under the facility can be used for general corporate purposes, including acquisitions, investments and debt repayments. Interest is based on either an Adjusted Term SOFR rate or a base rate, in each case plus an Applicable Margin that initially is 1.125% for SOFR borrowings and 0.125% for base rate borrowings and may later fluctuate based on Hexcel’s public debt rating or consolidated leverage ratio.
Hexcel Corporation is appointing James (Jamie) Coogan as Executive Vice President and Chief Financial Officer, and principal financial officer, effective May 1, 2026. He brings more than 20 years of finance, accounting and investor relations experience, including senior CFO roles at Axcelis Technologies and Kaman Corporation.
Interim CFO Michael C. Lenz will move to Executive Vice President, Senior Advisor, remaining for about three months to support the transition. Coogan’s offer includes a $630,000 annual base salary, target annual bonus equal to 80% of salary, and a target annual equity grant equal to 200% of salary.
He will receive a $500,000 cash signing bonus and a sign-on restricted stock unit award valued at $2,250,000, vesting over three years. A severance agreement will provide 1.0x salary plus average bonus and 12 months of health coverage after certain terminations, increasing to 2.0x salary plus average bonus and 24 months of coverage if a qualifying termination occurs in connection with a change in control.
Hexcel Corporation entered into a cooperation agreement with Vision One Fund, LP and its affiliates that adds veteran aerospace executive Neal J. Keating to Hexcel’s Board of Directors and Audit Committee. The company will also nominate him for election at the 2026 annual stockholders’ meeting.
The agreement places limits on the size of the Board through a defined expiration date and provides that any early departure by Mr. Keating will be addressed by jointly selecting a mutually agreeable replacement. In return, the Vision One parties withdraw their 2026 director nominees and agree to customary standstill, non-disparagement, and voting commitments.
Mr. Keating, age 70, brings prior leadership experience as Chairman, President, and CEO of Kaman Corporation, as well as senior roles at Hughes Supply and GKN Aerospace and board service at several industrial and aerospace companies. He will participate in Hexcel’s standard non-employee director compensation program, including a pro-rated restricted stock unit grant.
Hexcel Corporation furnished an update on its recent financial communications. The company issued a press release announcing financial results for its fiscal quarter and year ended December 31, 2025, and furnished this release as an exhibit. Hexcel also posted on its website a detailed table summarizing sales by segment and market for the quarters ended December 31, 2025 and 2024, September 30, 2025, and the years ended December 31, 2025 and 2024, and filed this table as a separate exhibit. These materials are provided for informational purposes and are specifically described as not being deemed filed for liability purposes under certain securities laws.
Hexcel Corporation announced a planned finance leadership change. Current Executive Vice President and Chief Financial Officer Patrick Winterlich will leave the company effective November 30, 2025 to pursue another opportunity. The Board has appointed Michael C. Lenz as Executive Vice President and Interim Chief Financial Officer, effective upon Winterlich’s resignation, with Lenz joining on November 19, 2025 to support the transition.
Lenz previously served as Executive Vice President and Chief Financial Officer of FedEx Corp. and has extensive finance experience in transportation and aviation. He will receive a base salary of $65,000 per month for a minimum of three months, plus a completion bonus targeted at 85% of base salary earned during his service, and reimbursement of up to $15,000 for related legal expenses. He has no disclosed related-party relationships or material interests in company transactions.
Hexcel Corporation announced that director Jeffrey C. Campbell informed the Board on November 10, 2025 that he will not stand for reelection at the Company’s 2026 Annual Meeting of Stockholders. Campbell has served on the Board since 2003, has been Lead Director since 2018, and sits on the Audit Committee and the Nominating, Governance and Sustainability Committee. The company stated that his decision was not the result of any dispute or disagreement regarding operations, policies, or practices.
Hexcel Corporation entered into accelerated share repurchase agreements to buy back $350 million of common stock as part of a new 2025 Share Repurchase Program. The company will pay $350 million to the counterparties on October 24, 2025 and expects initial delivery of approximately 80% of the total shares on that date. The final number of shares will be based on the average daily volume‑weighted average price during the ASR term, less a discount and subject to adjustments.
Final settlement is scheduled to occur no later than the first quarter of 2026 and may be accelerated by each counterparty. To fund the initial settlement, Hexcel borrowed $350 million under its existing $750 million revolving credit facility. Separately, the Board approved an additional $600 million authorization for repurchases under the 2025 program. After giving effect to the ASR, remaining authorization across the Share Repurchase Programs is approximately $384 million.
Hexcel Corporation furnished an 8‑K announcing its financial results for the fiscal quarter ended September 30, 2025. The earnings press release was furnished as Exhibit 99.1 and incorporated by reference.
The company also posted a table of sales by segment and market on its website, which was filed as Exhibit 99.2, covering the quarters ended September 30, 2025 and 2024, June 30, 2025 and 2024, and the nine‑month periods ended September 30, 2025 and 2024. Items 2.02 and 7.01 are furnished, not filed, under the Exchange Act.
Hexcel Corporation announced that Executive Vice President and Chief Financial Officer Patrick Winterlich will resign, effective November 30, 2025, to pursue another professional opportunity.
The company stated that his resignation was not the result of any disagreement with Hexcel on matters related to operations, policies, or practices. The Board of Directors has initiated a search to identify his successor.