Hexcel Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC, reporting third-quarter net sales of $496.4 million and net income of $38.6 million.

Key Highlights

  • Quarterly net sales: $496.4 million for the quarter ended September 30, 2026, compared with $456.2 million in the same quarter of 2025, according to the filing.
  • Quarterly net income: $38.6 million, or $0.50 diluted net income per common share, versus $20.6 million, or $0.26 diluted per share, in Q3 2025.
  • Nine-month net sales: $1,527.2 million for the nine months ended September 30, 2026, compared with $1,402.6 million for the same period in 2025.
  • Nine-month net income: $125.1 million, or $1.63 diluted per share, versus $63.0 million, or $0.78 diluted per share, in the prior-year nine-month period.
  • Operating cash flow: Net cash provided by operating activities was $171.1 million for the nine months ended September 30, 2026, compared with $105.0 million in the prior-year period.
  • Debt activity: The company redeemed $400.0 million of 3.95% senior notes due 2027 and issued $400.0 million of 4.9% senior notes due 2031 during the nine-month period, the filing disclosed.
  • Shares outstanding: 75,701,918 shares of common stock were outstanding as of October 19, 2026, per the filing.

Hexcel's Third-Quarter and Nine-Month 2026 Financial Results

According to the 10-Q filed with the SEC for the quarterly period ended September 30, 2026, Hexcel Corporation (NYSE:HXL) reported quarterly net sales of $496.4 million, up from $456.2 million in the third quarter of 2025. Gross margin for the quarter was $115.5 million, compared with $99.9 million in the prior-year quarter. Operating income was $54.8 million for Q3 2026 versus $36.0 million in Q3 2025, and income tax expense was $4.1 million for the quarter, resulting in net income of $38.6 million.

For the nine months ended September 30, 2026, the filing reported net sales of $1,527.2 million compared with $1,402.6 million for the same period in 2025. Nine-month operating income was $185.0 million versus $110.2 million in the prior-year period. Net income for the nine-month period totaled $125.1 million, with diluted net income per common share of $1.63, compared with $63.0 million and $0.78, respectively, in the first nine months of 2025. Dividends paid in the nine-month period were $40.9 million, the filing stated.

The condensed consolidated balance sheet as of September 30, 2026, showed total assets of $2,729.2 million and total stockholders' equity of $1,324.4 million, compared with total assets of $2,704.0 million and total stockholders' equity of $1,250.7 million at December 31, 2025. Long-term debt stood at $934.9 million at September 30, 2026, down from $993.0 million at December 31, 2025. Capital expenditures for the nine months ended September 30, 2026, were $68.6 million, versus $55.1 million in the comparable prior-year period.

What Was Disclosed

Hexcel Corporation filed a Form 10-Q for the quarter ended September 30, 2026, disclosing quarterly net sales of $496.4 million, net income of $38.6 million, operating cash flow of $171.1 million for the nine-month period, and significant debt refinancing activity including the issuance of new 4.9% senior notes due 2031.