Hexcel Corporation has reported its third quarter results for 2025, with sales remaining relatively flat at $456 million compared to the same period in 2024. However, in constant currency, there was a 0.6% decrease. GAAP diluted EPS for Q3 2025 was $0.26 compared to $0.49 for the same period in 2024. Adjusted diluted EPS for Q3 2025 was $0.37, down from $0.47 in Q3 2024.
The company divested its industrial business in Austria as previously announced, and the 2025 guidance has been revised to reflect the impact of tariffs. Hexcel Corporation also announced a $350 million accelerated share repurchase.
In terms of sales, commercial aerospace sales for Q3 2025 decreased by 7.3% compared to Q3 2024, while defense, space & other sales increased by 13.3%.
For the first nine months of 2025, sales were $1,402.6 million, a 1.9% decrease from the same period in 2024. Commercial aerospace sales decreased by 7.5%, while defense, space & other sales increased by 8.2%.
The company's consolidated operations gross margin for the third quarter of 2025 was 21.9% compared to 23.3% in the third quarter of 2024. Adjusted operating income for the first nine months of 2025 was $144.3 million, down from $179.0 million in the same period in 2024.
In terms of cash flow, net cash provided by operating activities for the first nine months of 2025 was $105.0 million, compared to $127.3 million for the same period in 2024. Free cash flow was $49.9 million in the first nine months of 2025, down from $58.9 million in the first nine months of 2024.
Looking ahead, the company has revised its 2025 guidance, with sales expected to be around $1.88 billion and adjusted diluted earnings per share in the range of $1.70 to $1.80, reflecting the impact of tariffs.
Hexcel Corporation will host a conference call on October 23, 2025, to discuss its third quarter 2025 results.
As a result of these announcements, the company's shares have moved 1.41% on the market, and are now trading at a price of $64.11. If you want to know more, read the company's complete 8-K report here.
