Hexcel Q1 sales beat analyst estimates

Hexcel

22/04/2026 21:35

Overview

U.S. advanced composites maker's Q1 sales rose 9.9%, beating analyst expectations

Adjusted EPS for Q1 grew 59.5%, beating analyst expectations

Company reaffirmed 2026 guidance and refinanced $750 mln revolving credit facility to 2031

Outlook

Hexcel sees 2026 sales of $2.0 bln to $2.1 bln, guidance unchanged

Company expects 2026 adjusted diluted EPS of $2.10 to $2.30

Hexcel expects 2026 free cash flow above $195 mln and capex below $100 mln

Result Drivers

COMMERCIAL AEROSPACE DEMAND - Q1 sales growth was driven by higher commercial aerospace build rates and normalization of channel inventory, with increases across major Airbus and Boeing programs

DEFENSE SALES DECLINE - Defense, space and other sales fell due to the divestment of the Austrian-based industrial business

OPERATING LEVERAGE - Improved gross margin and adjusted operating income reflected higher sales leverage

Company press release: ID:nBw7PNtFna

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$501.50 mln
$485.72 mln (14 Analysts)
Q1 Adjusted EPS
Beat
$0.59
$0.44 (15 Analysts)
Q1 EPS
$0.49
Q1 Adjusted operating income
Beat
$67.50 mln
$55.12 mln (13 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy."

Wall Street's median 12-month price target for Hexcel Corp is $89.00, about 2.1% above its April 21 closing price of $87.18

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 31 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)